LTD COMPANY or PERSONAL name?... Which is BEST?
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- Опубліковано 22 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
APG - Go to www.aspirepropertygroup.co.uk... and fill in your details!
Thank you so much JY. So refreshing to see honest clear content. 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! 😊
Great video, thanks Jamie.
Great video Jamie. Clear and concise as per usual mate 💪
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.
Hi, how does the government take a property away from you?
@@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
@@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.
@@rikardsaje my comment keeps getting deleted I've replied to you twice both times deleted
Great video
Thank you
Good video. Can you make one for doing flips in a personal name vs ltd?
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! 😊
May confuse things but if 2 people own the house is it as simple as just halfing the income / tax ....
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! 😊
I love your whiteboard. What is the name?
Trevor
Sorry, couldn’t resist 😜 Samsung flip 2
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
That's correct, the numbers in the video aren't all right
Needs to make it clear that 40% is a marginal rate i.e. anything above £50k gets clobbered at 40%.
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
I’m looking for this too
If a property in personal name, can it be transferred to a company to benefit from leaner company tax treatment? Is it legal?
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! 😊
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??
Yes at market rates
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.
@@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
@@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.
@@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
But what if you are going to retire, if in company pension contributions from a property company I think are not allowed
you are right, for residential tenants. For commercial tenants you are all good
There’s definitely a 20% tax credit as a 40% tax payer.
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
APG
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
Let’s do it!
Make sure to follow it through and book a call:
www.aspirepropertygroup.co.uk/?UA-camOrganic
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
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
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
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
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! 😊