UK Landlords incorporating properties into a limited company to save tax
August 9, 2022Many UK landlords look to incorporate their UK property business into a limited company. Many property investors are paying significant amounts of tax because of the Section 24 mortgage interest relief cap.
A UK property investment company is not subject to the Section 24 mortgage interest relief cap. Property investors using a UK limited company as their chosen tax structure pay less money to HMRC than those that do not use a company structure.
It is possible to transfer properties into a limited company through incorporation. UK landlords looking to incorporate their properties into a limited company can defer the Capital Gains Tax (CGT) and avoid paying Stamp Duty Land Tax (SDLT) on the transfer from personal name into a limited company.
Optimise Accountants work with thousands of UK landlords to save tax. Could we help you?
www.optimiseaccountants.co.uk