Buying Property - Limited Co. or not?

[NobleGuy]

As I'm comepletely pension-less and thinking about the future a bit more, I'm thinking of buying some property over the next few years to provide an income for my retirement.

Does anyone have any constructive advice with regards to the pros and cons of buying personally and/or using a limited company?

[FlashmanChop]

Keep them personal, thats what my accountant advises, especially if they are for you, and not any company etc.

[Spudler]

Same as^^. Unless your getting into the big money there's no advantage. If you have a wife put the propertys in both names.

[FlashmanChop]

Spudler said:

Same as^^. Unless your getting into the big money there's no advantage. If you have a wife put the propertys in both names.

Whoaaa there fella.

wife, same names.

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

[Tiggsy]

FlashmanChop said:

Spudler said:

Same as^^. Unless your getting into the big money there's no advantage. If you have a wife put the propertys in both names.

Whoaaa there fella.

wife, same names.

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

"do you trust your wife" (Shawshank)

Remember PH is full of men that spend all their cash on cars, watches and porn - as such the rate of "my wife could leave any minute" may be higher here than elsewhere.

[Spudler]

FlashmanChop said:

Spudler said:

Same as^^. Unless your getting into the big money there's no advantage. If you have a wife put the propertys in both names.

Whoaaa there fella.

wife, same names.

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

Erm..yes.
As advised by my accounts.

[4lf4-155]

personal names

if you are starting out and try the ltd co route you will really really struggle to get finance

[Four Cofffee]

I think there is a danger that HMRC see you as a property investment company and that has all sorts of tax implications.

I am no expert but can you not take the money out of the business as share dividends and company pension contributions and buy some sort of property based investment vehicle as a SIPP?