The UK has seen a rapid increase in “buy to let” investments during the last few decades. Motivated investors buy properties (outright or through mortgage arrangements) to earn regular rental income from residential tenants. Properties are also increasing in value, and these gains are being sought after by ambitious investors.
What is the most tax efficient way to buy to let?
The tax implications of rental income, or income from flipping properties, differ depending on the type of letting undertaken and the chosen structure. The most common method of purchasing buy to let properties is doing so personally, or opening a limited company (referred to as a ‘special purpose vehicle‘, or simply a ‘SPV’).
Churchill Knight & Associates Ltd provide specialist accountancy for buy to let landlords. Our service will help you maximise your return, while ensuring you remain compliant with HMRC and UK tax law. Please scroll down to send us a message, or call 01707 871622.
Buy these personally or through a limited company (SPVs)?
It depends on several factors, such as.
- Who else will the property be owned with?
- Is there a short or long-term plan?
- Whether investor is tax resident in the UK? And where will the investor be tax resident when they come to sell the property?
Keep reading and find out more about the best ways to buy property to let.