I think the biggest miss on this video is understating the mortgages. I recently compared a BTL in a company vs own name company intrest rate was abouth the same, however company also had a 3% product fee, also no free legals so thats another £1500 and no free valuation, another £550 you add them costs on to a 2yr mortgages (and given you then have to pay it all agin in another 2yrs) and it pretty much eats away any savings im a company....... plus the £1000 an accountant charges for company accounts meaning you really need a minimum of 4- 5BTL in a company to flatten the costs over, and dont forget you cant touch a penny of the companys money as its not yours unless you pay it to yourself via a divided so a double taxation, and lets be honest you are going to want the money at some point and no guarantees that when you do want they money out government hasnt lifted divided tax rates so you end up paying 20% company tax and then 20% dividends anyway!!!!!
Also HMRC are now carrying out checks to confirm you are spending at least 20 hours a week managing the ltd company which if you've only got a handful of properties you won't be. They are then enforcing the personal tax rates rather than the corporation rates so you end up paying more anyway. This isn't great advice anymore.
Isn't this just for when you want to incorporate a personal property to ltd to avoid paying CGT by declaring you work min 20 hrs a week on your property business? @@callumtyler686
@@callumtyler686 this is how I understood it. Even if it's managed by an agent that still counts as your 20 hours, I suppose it's because you are outsourcing the work
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
@@Andy5c as soon as I put figures my channel gets strike but I know first hand this bloke makes his money by selling courses to then use that money to buy the properties, and the deal that he put forward to me I might as well of pulled my pants down and signed all the profits over to him absolute joke.
How much I charge for what? I have a handful of businesses Also… grow a pair of balls and tell you my prices? 😂 you think I’ve grown businesses by hiding prices?
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
![SHOULD I BE A LIMITED COMPANY [2024/25]](http://i.ytimg.com/vi/7qJPOxVlFgk/mqdefault.jpg)
![SHOULD I BE A LIMITED COMPANY [2024/25]](/img/tr.png)
I think the biggest miss on this video is understating the mortgages. I recently compared a BTL in a company vs own name company intrest rate was abouth the same, however company also had a 3% product fee, also no free legals so thats another £1500 and no free valuation, another £550 you add them costs on to a 2yr mortgages (and given you then have to pay it all agin in another 2yrs) and it pretty much eats away any savings im a company....... plus the £1000 an accountant charges for company accounts meaning you really need a minimum of 4- 5BTL in a company to flatten the costs over, and dont forget you cant touch a penny of the companys money as its not yours unless you pay it to yourself via a divided so a double taxation, and lets be honest you are going to want the money at some point and no guarantees that when you do want they money out government hasnt lifted divided tax rates so you end up paying 20% company tax and then 20% dividends anyway!!!!!
Also HMRC are now carrying out checks to confirm you are spending at least 20 hours a week managing the ltd company which if you've only got a handful of properties you won't be. They are then enforcing the personal tax rates rather than the corporation rates so you end up paying more anyway. This isn't great advice anymore.
Thanks for this information....if it was as easy as its portrayed in these videos then everyone would do it
Isn't this just for when you want to incorporate a personal property to ltd to avoid paying CGT by declaring you work min 20 hrs a week on your property business? @@callumtyler686
@@TheRhythmicRambler you might be right actually 👍
@@callumtyler686 this is how I understood it. Even if it's managed by an agent that still counts as your 20 hours, I suppose it's because you are outsourcing the work
Great video - thanks
What about non resident , non British landlords? Does these apply also?
Yep. Slightly harder to get lending but still good
There are no appointments available to book?!??
Stamp duty has killed landlords
Just get the house cheaper
@@R27MBRNot in a seller's market.
Ok, if company has no history, but 100k in it , how can you get mortgage approval as ltd. Is it possible
Yep. It has nothing to do with how long the old company is running. You can do it a week before if needed (Obviously an extreme example)
APG!
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Waiting for a response. Did you mean to reach out?
Apg
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APJ
See you in the call: www.aspire propertygroup.co.uk
Just grow some balls and tell the public how much you charge to help them then I’ll start liking your photos nothings free in this world ✌️😎
Just grow some balls, pick up the phone and speak to them
@ I already know Simon that’s why I’m commenting
Do share???
@@Andy5c as soon as I put figures my channel gets strike but I know first hand this bloke makes his money by selling courses to then use that money to buy the properties, and the deal that he put forward to me I might as well of pulled my pants down and signed all the profits over to him absolute joke.
How much I charge for what? I have a handful of businesses
Also… grow a pair of balls and tell you my prices? 😂 you think I’ve grown businesses by hiding prices?
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
Apg
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill in your details, and a member of my team will be in touch! 😊
APG
Amazing! Fill in your details and we look forward to having a chat:
www.aspirepropertygroup.co.uk/optin?UA-camOrganic