This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Ltd Company or Sole Trader for 'property Trading'

Michael2374
Posts: 20
Joined: Fri Mar 18, 2016 3:39 pm

Ltd Company or Sole Trader for 'property Trading'

Postby Michael2374 » Thu Jul 07, 2016 1:07 pm

Hi,

Im looking at buying and renovating then selling on properties (hopefully at a profit!!)

Would it be more beneficial to buy them via a ltd company and only pay 20% corporation tax rather than the 40% id pay as a sole trader?? Or is it not that straightforward.

jpcentral
Posts: 924
Joined: Wed Aug 06, 2008 3:28 pm
Location: Loughborough
Contact:

Re: Ltd Company or Sole Trader for 'property Trading'

Postby jpcentral » Thu Jul 07, 2016 5:12 pm

Is anything that straightforward? There are a lot of factors to take into account. I recently spent two hours with a potential client with a similar question looking at the different options and risks involved - and he then thought of more questions. He arrived at a decision which suited his particular circumstances.

I wouldn't recommend that you base any decision on a response to a question on any forum.
John Perry
Central Business Services
Loughborough
http://www.centralbusiness.co.uk


Return to “Property Taxation”