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🇯🇲HeWantsWealth🇯🇲 Profile picture
🇯🇲HeWantsWealth🇯🇲
@hewantswealth
Money, Finance & Motivation for everyday people 🧠 striving to be a philanthropist 🙏🏾
May 29, 2020 • 11 tweets • 2 min read
***BUYING PROPERTY THROUGH LTD COMPANY***🏠👀🏠

I spoke to a CHARTERED accountant yesterday & asked a bunch of questions about buying property through a Ltd company vs Buying personally to rent out.

Let me go straight into it & hope this helps! âś…âś…âś…

Pro’s vs. Cons 🤓⬇️⬇️⬇️ PROs: ✅
• Tax efficiency - if you’re a higher rate tax payer (we’re all on £100k+ so this includes everyone), you will pay corporation tax at 19% of the PROFIT rather than 45% of your rental income tax. There are also rumours the corporation tax will be going to 17% lets see 👀