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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


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