#161

For this episode, we’re going back into the archives to remind new listeners and refresh the memories of the rest of you about the importance and detail behind one of the most frequently asked questions of UK property investors: 

Should you buy UK property in your own name or through a limited company?

We’ll also be having another look at group structures, and tapping into the knowledge and experience of long time friend of the pod, Sean the Property Tax Accountant.

Sean is a fully qualified Chartered accountant and an expat property investor.

So he knows what he's talking about!

We discuss:

- The importance of defining financial goals early 

- Capital Gains Tax and dividend tax implications

- Comparison of tax amounts for Ltd Co versus personal ownership

- Considerations for personal ownership versus passing properties to children

- SPVs

- Separate companies for different strategies

- Benefits of group structures

- Overview of Section 24 changes on rental income / mortgage interest

- Explanation of the 20% tax credit given for mortgage interest paid

- Implications for landlords and tax bills for high rate taxpayers

- Age, long-term plans, future income, and reinvestment of profits

- Reinvestment of profits and potential benefits

- Changes in corporation tax rates and their influence on decision-making

-  Holding company / subsidiary companies

- Flexibility in implementing new property strategies

- Simplifying asset transfers to children through shareholding in the holding company

- Seeking HMRC clearance for genuine commercial reasons

- Decision-making between personal name and Ltd Co ownership

- Impact of Section 24 on high rate taxpayers

- Income tax thresholds and implications

Here is the Marginal Relief Calculator for Corporation Tax for profits of between 50-250K

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Details of where to meet other Expat Property Investors (For FREE!!!):

Hong Kong: Pacific Coffee, 2/F, Central Building, Central (first Saturday of each month from 11:30 am)

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Singapore: The Providore at VivoCity (first Saturday of each month  from 10:30 am)

Keywords:

property investment, limited company, capital gains tax, dividend tax, personal ownership, inheritance tax, limited company structure, special purpose vehicles, SPVs, group structures, tax-efficient property transfers, Section 24 change, rental income, mortgage interest, corporation tax, high rate taxpayer, reinvesting profits, holding company, subsidiary company, HMRC clearance, genuine commercial reasons, upside-down tree structure, passing on assets, shareholders, property tax accountant, UK property, income tax thresholds, rental income calculation, property investment portfolio, tax implications