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

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  • Опубліковано 15 чер 2024
  • When it comes to property investment which is best buying in a Limited company or Personal name? Limited company or Personal name is one of the most requested topics im asked to cover so I hope this video really breaking down the difference between what a Limited company or Personal name is! Knowing the difference between Limited company or Personal name is really important to ensure you know which strategy will work best for you! Limited company or Personal name... Which works best for you? Let me know in the comments! Would you like to see more videos like this covering Limited company or Personal name?
    APG - www.aspirepropertygroup.co.uk...
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    00:00 - Intro
    00:39 - Section 24
    03:39.- What tax to pay?
    03:45 - Earned Income
    06:05 - Corporation Tax
    06:41 - PAYE Tax / Dividend Tax
    09:43 - Personal Profit (Net to you)
    10:58 - Personal Situation
    11:17 - Short Sighted
    12:35 - What would I do?
    13:23 - DLA (Directors loan account)
    14:22 - Numbers

КОМЕНТАРІ • 55

  • @JamieYork
    @JamieYork  29 днів тому +1

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

  • @RabJ208
    @RabJ208 26 днів тому

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

  • @SHELBYGT-dj6li
    @SHELBYGT-dj6li 29 днів тому +1

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

    • @JamieYork
      @JamieYork  26 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! 😊

  • @AN-vt3kl
    @AN-vt3kl 29 днів тому

    Great video, thanks Jamie.

  • @rgyhad484
    @rgyhad484 28 днів тому +4

    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 26 днів тому

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

    • @rgyhad484
      @rgyhad484 26 днів 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 26 днів 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 26 днів тому +1

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

  • @samuelhughes3779
    @samuelhughes3779 22 дні тому

    Great video
    Thank you

  • @par5308
    @par5308 4 дні тому +2

    APG

    • @JamieYork
      @JamieYork  3 дні 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! 😊

  • @domever7899
    @domever7899 29 днів тому

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

  • @user-os2xh6xb8k
    @user-os2xh6xb8k 29 днів тому +1

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

  • @fivestars9285
    @fivestars9285 2 дні тому

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

  • @spencebespokedreams
    @spencebespokedreams 28 днів 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 27 днів тому

      I’m looking for this too

  • @Andy5c
    @Andy5c 29 днів тому +3

    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 29 днів тому +2

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

    • @simonroyle2806
      @simonroyle2806 23 дні тому +2

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

  • @sanjanadeb2957
    @sanjanadeb2957 20 днів 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  19 днів тому

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

  • @nickneromiliotis274
    @nickneromiliotis274 29 днів 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 29 днів тому

      Yes at market rates

    • @Proctors1000
      @Proctors1000 24 дні 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 4 дні 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 4 дні 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 4 дні 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

  • @esirioneyibo
    @esirioneyibo 27 днів тому

    I love your whiteboard. What is the name?

    • @JamieYork
      @JamieYork  26 днів тому

      Trevor

    • @JamieYork
      @JamieYork  26 днів тому +1

      Sorry, couldn’t resist 😜 Samsung flip 2

  • @ivscleaning2114
    @ivscleaning2114 17 днів тому +1

    APG 🎉

    • @JamieYork
      @JamieYork  16 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! 😊

  • @adamliddle729
    @adamliddle729 29 днів тому +1

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

  • @EC-xo9cy
    @EC-xo9cy 27 днів тому +1

    Apg

    • @JamieYork
      @JamieYork  26 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! 😊

  • @zoso2000
    @zoso2000 12 днів тому +1

    APG

    • @JamieYork
      @JamieYork  11 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! 😊

  • @BrianAbrion8403
    @BrianAbrion8403 16 днів тому +1

    APG

    • @JamieYork
      @JamieYork  15 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! 😊

  • @APalmeira
    @APalmeira 15 днів тому +1

    APG

    • @JamieYork
      @JamieYork  14 днів тому

      Let’s do it!
      Make sure to follow it through and book a call:
      www.aspirepropertygroup.co.uk/?UA-camOrganic

  • @emmanuelstephen8209
    @emmanuelstephen8209 22 дні тому +1

    APG

    • @JamieYork
      @JamieYork  21 день тому

      Looking forward to having a chat. Click on the link, download the guide and make sure to click the link to book in a call:
      www.aspirepropertygroup.co.uk/?UA-camOrganic

  • @Mullz91
    @Mullz91 22 дні тому +1

    APG

    • @JamieYork
      @JamieYork  21 день тому

      Looking forward to having a chat. Click on the link, download the guide and make sure to click the link to book in a call:
      www.aspirepropertygroup.co.uk/?UA-camOrganic

  • @vvadde5426
    @vvadde5426 25 днів тому +1

    APG

    • @JamieYork
      @JamieYork  24 дні 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! 😊

  • @andrewnisbett7565
    @andrewnisbett7565 26 днів тому +1

    APG

    • @JamieYork
      @JamieYork  25 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! 😊

  • @MrKwadwobrakatu
    @MrKwadwobrakatu 28 днів тому +1

    APG

    • @JamieYork
      @JamieYork  26 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! 😊

  • @climor7557
    @climor7557 28 днів тому +1

    APG

    • @JamieYork
      @JamieYork  26 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! 😊