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  • Tax

    Stamp duty on first buy to let through LTD

    My property business is also a management company and we carry out repairs on other properties not owned by us it is more of a services company than an investment one and has been trading since 1992. I think we're good.

    More importantly my Chartered Accountant thinks we're good.

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    Landlord with 25 years’ experience in the property market and a specialist in tenant referencing ID and credit screening. Creator of identity, credit and anti-money laundering system ValidID.co.uk


    Looking at your points in order as they apply to my company

    • Not relevant as I am not transferring any properties
    • Not relevant as I am not remortgaging
    • I have found a lender
    • The interest rate is a bit higher so this point does apply.
    • The personnal guarantee just makes it the same as it would be for a purchase in my name.That is not a disadvantage,
    • My lender does not require a debenture.
    • I am not tied to that lender.
    • Being honest I have no problem with my tax affairs being fully visible to HMRC. I don't plan to pay a salary or dividend so there won't be any income tax, national insurance or divdend tax. I plan to pay a director's pension which will allow me to reclaim corporation tax. I won't be anywhere near the £40k limit on that.
    • Would the inritance tax be greater than if I just owned it in my own name? How about gifting some shares prior to death?


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