Property Tax


Should you buy a property as an individual or in a company? The answer is “it depends on your circumstances”. There has been a rush to buy rental properties in companies due to the mortgage interest restriction that was phased in from the 17/18 tax year onwards. There are many pro and cons of holding properties individually and in companies. You should always consult a tax adviser or accountant to go through these as there is not a one size fits all approach.

 


We at Rawlinson Pryde & Partners are able to either undertake a property portfolio review or advise before you make a property purchase.  We have already advised several of our clients resulting in them saving much more taxation than our fees in year 1.  We have also produced these 2 helpful guides relating to property taxation on individuals.

We will produce a further guide on the tax issues for a company.