I work full time and have income that puts me at the highest rate. I'm looking at buying a commercial (retail) property and renting it out as a long term investment. I guess the taxation aspects I care about are: 1) taxes paid in acquiring the property (VAT, Stamp Duty?); 2) taxes paid in collecting rent (VAT, income, corporate, dividend?); 3) taxes paid when I sell the property one day (cap gains?)
I'm not too worried about 3 becuase the plan would be to own this for decades and, by then, I'm sure it'll all have changed anyway, but 1) and 2) feel relevant. Is there any high level reason I should do this as an individual or through a limited company? If it is not an obvious choice, would love to hear what some of the key considerations are!
I've searched this forum and the one on company taxation and not really found the same query...
Thanks!
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