Should You Buy a Property in a Limited Company in 2024?

Is it better to buy property through a limited company or in your own name?

There are advantages to both, but which is right for you?

In this video instead of boring you to death with spreadsheets, we give you a simple rule of thumb to help you decide once and for all.

#propertymarket #limitedcompany #propertytax

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We’d love to hear what you think in the comments below. You might even have a topic you’d like us to cover in the future - if so, comment it below.

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[flappospammo]

When it's owned by a partnership you can do anything you want with the income as you're taxed at source, with a ltd company there's LOADS of restrictions, believe me

[Lawrencekingsley]

"To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis." - Robert Kiyosaki. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, got a new business my wife is managing, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made..😊

[Kay-ylos]

You missed the biggest disadvantage to setting up an Ltd, which is 'double tax'. At some point, you will want to draw down profits from it to yourself, at which point you'll be first taxed corporation tax at 19/25% and then taxed again personally at 20/40%. So, regardless of whether you're a lower or higher tax bracket payer, in the end, you'll end up paying far more in total.

[flappospammo]

Unfortunately benefits in kind is an issue, i've got one in partnership and the other in a limited company ... staying that way too

[yusufaziz]

Hi, if I have a property with a mortgage in a limited, will this effect the amount banks will lend you for a personal mortgage?

[dannyhargreaves]

My accountant recommended to keep it in my name as I will own the property instead of the LTD company owning it. The tax implications when selling is higher

[tomjones]

Not even put the video out yet!

And my answer is a mix of both.

[beedebawng]

Thank you for this informative upload. 🙏

[Kollek]

Hey Rob! I have been following and listening to your podcast for a while. Just want to say thank you for all the great work you are doing and information you are sharing.

[brandonmaysey]

Thank you for the video and all of your content. Super helpful.

One thing I think would have been useful to note which may be relevant for a portion of viewers is the implication this has on future purchases of property (thinking primarily those who currently don’t already own a second property in their own name). An additional 3% surcharge on stamp duty will in most cases be required as a result of a new purchase as it would now be classed as a second home.

[solaoni]

Could I buy under a limited company as a first time buyer?

[doctorfamily]

Does Holding property As a company mean the property can’t be easily used by family members if needed?

[jonathanhowson]

Just come across this channel. Loving it!

[gealinga]

Love your content, really enjoyed this video learnt a lot. Much appreciated.

[FreePizza]

I’d like to know the implications of a Family Investment Company. FIC

[MickyOTW]

Hi Rob, do you have a recommendation for a tax specialist?

[lukespooner]

Rob why you leave us hanging like that 😂

[proventure]

Great info. For me, the prospect of the Chancellor rowing back on the Section 24 rules on mortgage interest for individuals (like the Irish gov did) to encourage BTL investors back in is enough to sit tight with personal ownership rather than pay out the big fees to transfer to company. For new purchases, I guess it is more balanced. Or just go for SA.

[mnicho]

Hey Rob. Is taking a property on your name equivalent to buying a residential property ? Or you can get a mortgage for BTL as an individual instead of packing it into LTD straight away.

[MrFrobbo]

Hi, any thoughts on LTD vs Personal purchase for holiday let (Airbnb)? Ive heard the best way to separate liability is to set up two companies, one to buy the properties in, one to run the Airbnb. I will be drawing profits to live on and no need to consider inheritance quite yet. Aiming for up to two properties. Cheers