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Where Taxpayers and Advisers Meet

Search found 5 matches

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by PropertyKing
Sun Jul 14, 2019 12:25 am
Forum: Property Taxation
Topic: Purchasing property as limited company
Replies: 7
Views: 11634

Re: Purchasing property as limited company

Because it's how you learn.. and is what has enabled me to be in a position to invest in property at such a young age.
I'll admit that asking people on the internet is not the best source of knowledge, but have to start somewhere.

Thanks for your useful input
by PropertyKing
Fri Jul 12, 2019 8:15 am
Forum: Property Taxation
Topic: Purchasing property as limited company
Replies: 7
Views: 11634

Re: Purchasing property as limited company

Set against other profits?? It could only be deducted from the sale price when sold? Do you mean the tax can only be deducted when sold?? Until sold it remains an untaxable asset?? Generally spekaing Its pretty simple if you have other income that is taxable you cannot set cost of purchase of prope...
by PropertyKing
Wed Jul 10, 2019 6:22 pm
Forum: Property Taxation
Topic: Purchasing property as limited company
Replies: 7
Views: 11634

Re: Purchasing property as limited company

Thanks for the reply AGoodMan, Sorry but I'm struggling to understand lol.. Set against other profits?? It could only be deducted from the sale price when sold? Do you mean the tax can only be deducted when sold?? Until sold it remains an untaxable asset?? A taxable benefit in kind? I would get taxe...
by PropertyKing
Tue Jul 09, 2019 6:53 pm
Forum: Property Taxation
Topic: Purchasing property as limited company
Replies: 7
Views: 11634

Purchasing property as limited company

Hi all, I am about to register as a limited company to pursue my property investment career, taking on some corporate lets and one assisted sale. The assisted sale is a small 2 bed property which we had agreed on the asking price, how we would fund the renovation, and the percentage split on any pro...

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