LTD COMPANY or PERSONAL name?... Which is BEST?

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  • Опубліковано 22 лис 2024

КОМЕНТАРІ • 148

  • @JamieYork
    @JamieYork  6 місяців тому +1

    APG - Go to www.aspirepropertygroup.co.uk... and fill in your details!

  • @SHELBYGT-dj6li
    @SHELBYGT-dj6li 6 місяців тому +3

    Thank you so much JY. So refreshing to see honest clear content. APG

    • @JamieYork
      @JamieYork  6 місяців тому

      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! 😊

  • @cjc1903
    @cjc1903 18 днів тому +1

    Excellent video, very concise and informative. APG

    • @JamieYork
      @JamieYork  17 днів тому

      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! 😊

  • @mooshuk
    @mooshuk 4 місяці тому +3

    Loving the videos - here's a question... lets say all I have is my original £50K stake (for example) and I want to buy more properties... presumably its better to take that initial investment back via the DLA an stick it in something like a personal ISA until I've got enough for my next property than, say, keep it in the company because I'd pay more corp tax on it?

  • @rgyhad484
    @rgyhad484 6 місяців тому +7

    I personally would always buy through a company as I believe its harder for the government to take the property off you like they can now.

    • @rikardsaje
      @rikardsaje 6 місяців тому

      Hi, how does the government take a property away from you?

    • @rgyhad484
      @rgyhad484 6 місяців тому

      @@rikardsaje Hi, search Jose and Ted Saunders. This is an example of them trying to do this. I believe it will be a lot harder via a company. Hope this helps

    • @rgyhad484
      @rgyhad484 6 місяців тому

      @@rikardsaje Hi, search Jose and Ted Saunders. This is an example of a recent attempt. I believe it will be harder if they ever tried to enforce new laws about owning more than one property. Own nothing and be happy as they say.

    • @rgyhad484
      @rgyhad484 6 місяців тому +2

      @@rikardsaje my comment keeps getting deleted I've replied to you twice both times deleted

  • @domever7899
    @domever7899 6 місяців тому +4

    Good video. Can you make one for doing flips in a personal name vs ltd?

  • @JackAnderson-c3p
    @JackAnderson-c3p 6 місяців тому +3

    May confuse things but if 2 people own the house is it as simple as just halfing the income / tax ....

  • @RabJ208
    @RabJ208 6 місяців тому

    Great video Jamie. Clear and concise as per usual mate 💪

  • @EcoShineSolutions
    @EcoShineSolutions День тому +1

    APG ❤

    • @JamieYork
      @JamieYork  16 годин тому

      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! 😊

  • @jazzbansal8097
    @jazzbansal8097 Місяць тому

    So is it best to go Ltd Company.. if the houses are passed to my children..
    Less inheritance tax ?

  • @Andy5c
    @Andy5c 6 місяців тому +5

    I thought even as a 40% tax payer you still get the 20% mortgage credit? Great video however been waiting for a detailed numbers view

    • @TheGandhi97
      @TheGandhi97 6 місяців тому +3

      That's correct, the numbers in the video aren't all right

    • @simonroyle2806
      @simonroyle2806 6 місяців тому +3

      Needs to make it clear that 40% is a marginal rate i.e. anything above £50k gets clobbered at 40%.

  • @Solihul886
    @Solihul886 4 місяці тому

    Question: if you have a portfolio of personal name BTL that maximizes the basic tax threshold between a married couple, is there much point creating a second portfolio via a ltd company if your intention is quality of personal spendature rather than buying more property for the sake of it?
    For example, if i wanted to get a better main residence, can i use both my personal income and ltd income to purchase without being hit with a large dividends tax (which would work out more expensive than higher tax personal anyway). Or is it literally just for on paper wealth

  • @spencebespokedreams
    @spencebespokedreams 6 місяців тому +1

    Can't you do a new video about what you would do witl £100k in property if you started today? I want to do it

    • @WingKeys
      @WingKeys 6 місяців тому

      I’m looking for this too

  • @JBB372
    @JBB372 2 місяці тому

    Quick question, let's say I own a property in a LTD company which I bought for 100k, 5 years on I re-mortgage it at 150k and lets just say I take 50k profit from the appreciation, which is tax free, is this money stuck inside my LTD company and I have to pay dividend tax to get it out? Or can this 50k be sent to me personally seeing as it's debt

  • @kolodiioleksandr3269
    @kolodiioleksandr3269 3 місяці тому

    Can anyone explain me, what is the best way to buy a property but not for investment, for personal purposes. LtD or personal name?

  • @samrushby7918
    @samrushby7918 4 місяці тому

    What if I buy all my properties in cash what is better then have them Ltd or personal name

  • @ivscleaning2114
    @ivscleaning2114 5 місяців тому +1

    APG 🎉

    • @JamieYork
      @JamieYork  5 місяців тому

      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! 😊

  • @nickneromiliotis274
    @nickneromiliotis274 6 місяців тому +2

    Can you charge the company interest on a directors loan to basically add even more that you can withdraw tax free? If so who decides the interest rate??

    • @David-mb3eq
      @David-mb3eq 6 місяців тому

      Yes at market rates

    • @Proctors1000
      @Proctors1000 6 місяців тому +2

      Yes, the repayment of the principal would be tax free. The interest cost would reduce corporation tax but you'll pay personal income tax on it as income.

    • @AR_112
      @AR_112 5 місяців тому

      @@Proctors1000how can a Director’s Loan be income? It’s a debt that needs to be serviced. So the loan, along with the interest, should be claimed as an expense, which will reduce the overall profit that will be subject to corporation tax. There is no personal income tax since it is a directors loan account. Only corporation tax applies

    • @Proctors1000
      @Proctors1000 5 місяців тому

      @@AR_112 The principal of the loan repayment is not an expense as it's a repayment of liability. The interest is expensed. If the loan was provided by a director then any interest they charged and receive would be classed as personal income and taxed accordingly.

    • @AR_112
      @AR_112 5 місяців тому

      @@Proctors1000 i’m talking about a loan to a director from a third party. Let’s say Santander lent money to the director of a company. This would still be a Director’s loan, as opposed to a personal loan with Santander

  • @taserx
    @taserx 4 місяці тому

    I just want advice if im investing in property with group of about 4 people whats the best way to go about it

  • @AN-vt3kl
    @AN-vt3kl 6 місяців тому

    Great video, thanks Jamie.

  • @sanjanadeb2957
    @sanjanadeb2957 6 місяців тому

    But what if you are going to retire, if in company pension contributions from a property company I think are not allowed

    • @JamieYork
      @JamieYork  5 місяців тому

      you are right, for residential tenants. For commercial tenants you are all good

  • @esirioneyibo
    @esirioneyibo 6 місяців тому

    I love your whiteboard. What is the name?

    • @JamieYork
      @JamieYork  6 місяців тому

      Trevor

    • @JamieYork
      @JamieYork  6 місяців тому +1

      Sorry, couldn’t resist 😜 Samsung flip 2

  • @shraddhamittal3626
    @shraddhamittal3626 2 місяці тому +2

    First: APG
    Second: Your calculation for Net to you for "Personal 40%" scenario is not factoring in 20% Tax Credit on Mortgage and hence, incorrectly showing the negative value whereas it would be positive 677. Hope this will help you and all others.

    • @JamieYork
      @JamieYork  2 місяці тому

      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! 😊

  • @samuelhughes3779
    @samuelhughes3779 6 місяців тому

    Great video
    Thank you

  • @Bonk-A-Lonk
    @Bonk-A-Lonk Місяць тому +1

    APG babbbyyyyyyyy

    • @JamieYork
      @JamieYork  Місяць тому

      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! 😊

  • @EC-xo9cy
    @EC-xo9cy 6 місяців тому +1

    Apg

    • @JamieYork
      @JamieYork  6 місяців тому

      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! 😊

  • @fivestars9285
    @fivestars9285 5 місяців тому

    If a property in personal name, can it be transferred to a company to benefit from leaner company tax treatment? Is it legal?

    • @marissakeynes2532
      @marissakeynes2532 4 місяці тому

      It is legal but to enable the transfer of ownership u would pay CGT on any profit and the company would pay stamp duty on the purchase.

    • @soundslight7754
      @soundslight7754 4 місяці тому

      @@marissakeynes2532 Thanks but that's regular selling my house to my company!
      People talk about transferring to company without CGT, SDLT and so on. I'm wondering about that way

  • @adamliddle729
    @adamliddle729 6 місяців тому +1

    There’s definitely a 20% tax credit as a 40% tax payer.

  • @MrKwadwobrakatu
    @MrKwadwobrakatu 6 місяців тому +1

    APG

    • @JamieYork
      @JamieYork  6 місяців тому

      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! 😊

  • @skyward711
    @skyward711 4 місяці тому

    Aney one hoo is a 40% tax payer you pay more tax anyway you cannot compair a20%to a 40% if you are renting out property you are not a 20%tax payer

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    @climor7557 6 місяців тому +1

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    • @JamieYork
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      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! 😊

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    @bradley9677 4 місяці тому +2

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    • @JamieYork
      @JamieYork  4 місяці тому

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    @AndrewWalls-r1s 4 місяці тому +1

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      @JamieYork  6 місяців тому

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      @JamieYork  4 місяці тому

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      @JamieYork  6 місяців тому

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      www.aspirepropertygroup.co.uk/?UA-camOrganic

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      Thanks for reaching out! Go to www.aspirepropertygroup.co.uk/?UA-camOrganic and fill out your details :)

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      @JamieYork  2 місяці тому

      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! 😊

  • @tayanemelopassos1683
    @tayanemelopassos1683 Місяць тому +1

    APG

    • @JamieYork
      @JamieYork  Місяць тому

      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! 😊

  • @AdriKaplon
    @AdriKaplon Місяць тому +1

    APG

    • @JamieYork
      @JamieYork  Місяць тому

      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! 😊

  • @TomAnderton-b4p
    @TomAnderton-b4p Місяць тому +1

    APG

    • @JamieYork
      @JamieYork  Місяць тому

      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! 😊

  • @martyskelton4824
    @martyskelton4824 Місяць тому +1

    APG

    • @JamieYork
      @JamieYork  29 днів тому

      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! 😊