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BRRR Strategy and Tax


investormick

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Hey, 

Currently just on way to but my first BTL, I have £65k cash for the £50k purchase then refurbing and refinancing in 6 months. Should leave around £5k in the deal.

I’m a higher rate tax payer, and thinking of buying in an Ltd company. But over the next 6-8 years, I don't play on pulling out any profit from the company, until I have completely replaced my wage.

So i’d not take any money until I quit my job. Or start pushing the max £40k into pension to bring me back into the basic tax bracket.

Any comments/advice from accountants or people in the know would be great!!

Mick

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