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  • Buy-to-Let

    New to property

    HMO's definitely have a good yield. Whatever the property, where ever it is, the gross return is usually the same - other wise the big funds would come in and drive prices up to achieve that. So buy in London, yield almost non-existent but in Liverpool the yields are high but add to it capital growth and you see the opposite. So HMO's have a good yield but you need to add in to the equation other factors such as the impact on capital value - depending on whether Article 4 applies and the demand for room tenancies - will drive a view as to whether a property will be more or less valuable as an HMO. The usual view is less valuable. You should also consider the costs of managing.

    From how you answered my questions I would suggest you look nearby your family so you can kill two birds with one stone. This will help flush out budget, rental yields and required leverage.

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    Chartered Accountant, Tax Advisor and Mortgage broker

    (and BTL portfolio owner)

    stuart@johnsonsca.com

    02039077022


    So I've been giving this some thought and I think I would like to buy a flat/house in Manchester/Liverpool cash and then let it out for a couple years before possibly moving there to live rent free.

    Should I buy the house/flat in a company or trust rather than my own name?

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    You need to be careful living in a property owned by your company rent free - there are tax implications that you need to investigate.

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    Can you expand a bit more on this please? Are you saying I need to pay tax if I live in a property that I own in a company? Any info,books or links would be appreciated.

    I was looking at Carl Bayley's books on Amazon called:

    • How to Save Property Tax 2018/19
    • Using a Property Company to Save Tax 2018/19

    Has anyone read/used them? Are they any good?

    Thanks for the help!


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    I think you need to understand if a property  is owned in a company it’s not your property

    you may be a director of the company but. It’s not your property

    and if you live in it you will be taxed


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Spot on, a "benefit in kind" not unlike taxation on a company car.

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    It astounds me at times how folk just think Putting property into a ltd co is the same as personal ownership

    it’s a very different kettle of fish and needs careful planning


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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Thanks for the helpful replies!

    Sorry to ask a daft question but where can I learn or research about the differences between owning property in my name or a companies name and what the tax differences are?

    I've done some Google foo but I think I have overwhelmed myself with all the options and am getting confused in all this. I'm trying to approach this from a long term point of view so I'd hate to buy a place in my name NOW and then find out 3 years later that I could kick myself for not purchasing it in a companies name for reason x,y and z.



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    where can I learn or research about the differences between owning property in my name or a companies name and what the tax differences are?

    Definitely speak to your accountant on this one.

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    Here’s the views of a landlord we have been working with recently https://www.facebook.com/groups/10045353...545873362/

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    [Image: New-logo2.png] Manchester based investor. I buy, sell, renovate and rent investment property in East/North Manchester Wink email: mike@brentwoodinvestments.co.uk Call: 0161 681 3724