Is it worth to setup a company in this case?

by **mans0987** on Fri Sep 09, 2011 3:49 pm

Hello,
I have some cash and I want to invest them in property (buy to let) and I am working on contract now.
I can buy the property on my own name or I can setup a limited company and buy the property under company name.
I don't want to take any money out of company now.
It is worth to setup a company? Is there any tax benefit for it?

Regards

by **Tax Champion** on Fri Sep 09, 2011 3:56 pm

There is no quick answer - it depends on the sums involved, your personal tax position, your long-term intentions etc. Are you looking to build up a portfolio, or would you just want to keep your property for a few years and sell on?

by **mans0987** on Fri Sep 09, 2011 6:09 pm

Thanks for your help.
I am basic tax payer at that top range. I like to invest for my retirement.

Regards

by **Incredulum** on Mon Sep 19, 2011 1:55 pm

If you are buying a property now with a view to holding until death, then the answer is probably more likely to bethat you are better off without a company.