Hello
I am giving increasing thought to restructuring my portfolio (owned privately between my wife and I) to a limited company.
Seemingly to me the major barriers to this are that you must have the capital to initially facilitate the purchases by the company and that there will be capital gains to pay from the sale as an individual.
This aside, the tax savings are attractive and there is potential for me to grow my portfolio further by taking advantage of the fact interest is a deductible expense for a limited company.
Please could you share your thoughts... have I grasped the basics correctly in my statements above and is there anything obvious I have not considered?
Cheers
Paul
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