Bank accounts for UK property investors and landlords. We have heard many times from landlords and property investors about their difficulties with opening a business bank account. This is especially true for owners of property investment limited companies.
Limited companies and Limited Liability Partnerships should have their own bank account. Please do not use your personal bank accounts for LLPs or LTDs.
Even if you have properties in your name, it is best to have a separate bank account. This is helpful because you can see how much money you are making. Bank balances going up means you are making money. Bank balances going down means your properties are losing money. Having a separate bank account during an HMRC investigation is also helpful. HMRC can only ask questions on a property bank account, not your personal account.
Set up a bank account with Tide within two working days
Optimise Accountants provides tax support to landlords/property investors to help grow their wealth and minimise tax: income tax, capita; gains tax, inheritance tax, corporation tax and Stamp Duty Land Tax (SDLT). Optimise also helps expats understand taxes in the United States, United Kingdom, Spain and Hong Kong
www.optimiseaccountants.co.uk