BTL through a Co. to protect LISA?
Discussion
There are lots of issues regarding using limited companies to hold letting properties.
One thing that might be an advantage is that it MIGHT delay the need of the landlord to have to submit quarterly figures to HMRC under the iminent Making Tax Digital requirements.
Other than that though, I think the cons exceed the pros.
One thing that might be an advantage is that it MIGHT delay the need of the landlord to have to submit quarterly figures to HMRC under the iminent Making Tax Digital requirements.
Other than that though, I think the cons exceed the pros.
21TonyK said:
In a nutshell is this realistic?
Can a first time buyer buy a BTL through a company in order to protect their LISA investment?
If they can is it just a load of agro and not worth it financially by the time you have messed around?
Considering that buying property in a Limited Company doesn't avoid things such as higher rate additional SLDT I would be surprised if it would help protect your LISA. The government seem to treat Limited Companies as separate legal entities in some cases but link them to the individuals that own them when it suits, i e. when they can squeeze more money out of you. Can a first time buyer buy a BTL through a company in order to protect their LISA investment?
If they can is it just a load of agro and not worth it financially by the time you have messed around?
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