Jump to content

Should I setup another ltd just to renovate properties?

Recommended Posts

I have a ltd which rents properties out at the moment. We have 2 properties. 

We've just bought our 3rd which needs to be refurbished. Is there any benefit to setting up a 2nd ltd that would do the work in terms of tax? I don't know if there is I'm just seeking ideas/thoughts on the subject.


Share this post

Link to post

This is unlikely to have any great benefit other than doubling compliance work. Most refurb work would be an allowable expenses whereas you might have to capitalise enhancement expenditure. There could be other commercial reasons to separate the activities although this would only really be suitable for larger concerns or where increased risks exist.



Share this post

Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now