Landlord Services

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Should I incorporate?

Recent changes in the taxation of property income have been far ranging and have impacted many property owners significantly.

We are often asked whether a landlord’s property portfolio should be put into a limited company. The only answer to that question is ‘it depends’. Whilst the year to year saving in terms of tax payable, particularly in the case of Higher and Additional Rate tax payers, may indicate that incorporation is preferable, we need also to consider the future plans you have for your properties as any future disposal may well attract an effective double taxation charge.

Issues also arise in the transferring of a portfolio from personal ownership into a limited company, with Stamp Duty Land Tax and Capital Gains Tax both needing careful, case by case consideration.

Inevitably in the case of property transactions, large sums are involved. As a result, obtaining sound advice is essential and potentially critical.

We can help

We have experienced, tax qualified staff who deal with a rapidly growing number of landlord clients who, over recent months, have approached us to help in their future portfolio strategy.

Call us, asking in the first instance for Sean Maloney and we’ll be happy to arrange a free of charge initial consultation. If you are in any doubt as to what to do, seek our advice – we look forward to hearing from you!

‘I have worked with 360 Accountants for a number of years and can’t recommend them enough.

The team provide excellent tax advice in a language that is understandable to a non accountant!’

Sam Humphreys MARLA – Managing Director, Lime Property

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