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Ltd Co Borrowing ?

Expats are you contemplating of incorporating your letting business?

If so – Proceed with caution and do get independent advice!

Get sound advice from a group of accountants and brokers alike

Specialists expat buy-to-let brokers and accountants up and down the country are urging expat buy-to-let landlords to tread very carefully and seek appropriate advice before jumping into incorporating their property business into a limited company.

The reduction in mortgage interest tax relief and the introduction of stamp duty are two relatively recent initiatives that have resulted in some landlords reassessing their property businesses and deciding to incorporate.

Lenders are predicting there will continue to be a growing trend towards limited company buy-to-let activity this year. But they warn this may not be the best practice for everybody.

It is understandable that expat buy-to-let landlords want to avoid paying more tax than is necessary, it is essential, as with any investment, that they fully investigate how their personal circumstances apply to buy-to-let taxation.

Many expat landlords are perhaps seeing the headlines and are considering incorporating their property investments, as limited companies are taxed differently to individuals.

Taxation for an expat is a complex issue and landlords should before considering this move seek advice from a tax specialist. This move will ensure that their buy-to-let venture would actually be better off tax-wise, in a limited company.

Help required?

If you are looking for a new or re-mortgage, please do make contact and one of our fully qualified independent advisers who will be happy to assist.