Hi,
In a position to start as a property developer, wondering what the best structure would be.
Intending to purchase rundown properties for cash, renovate whilst living in, and then sell.
Hopefully will be doing 2 a year, with a clear profit of 30-50k on each one, ie upto 100k a year.
Should I do it as self employed, or as a ltd company (paying myself minimum via PAYE)
There will only be myself, no employees, and for the foreseeable future any profits I make will be used to buy the next property.
Also, do I need to VAT register? (all work will be under normal VAT - ie no new builds etc) but presumably my turnover would be greater than the VAT threshold?
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