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Form Ltd Company or Buy Property on Individual Basis


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Hi All, 

 

I need some advice on a possible way forward to build a property portfolio. To give you some background, there are four (4) family members who would be contributing the initial finance required in order to purchase properties with a mortgage. Two of the family members are based in Europe (and come to the UK on a regular basis) and the other two are based in the UK. The properties we are thinking of buying will all be in the UK.  

 

The advice we need is as follows. From a tax efficiency point of view, is it better for us to form a limited liability company or to buy property on a individual basis. If we were to take LTD route then the initial capital required will be loaned to LTD company by the 4 directors. Our objective is to build the property portfolio for a long terms basis (minimum  of 5 years). We are conscious of the tax changes which came into effect April 2016. On the personal basis, one of the members (based in the UK) is on a high personal tax bracket and the other is on a basic personal tax bracket. 

 

Any advice or insights would be greatly appreciated, 

 

Charles 

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