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DarraghMcD
06-21-2011, 05:26 PM
Hey guys looking for a bit of help or advice here.

My Father and I are planning to start a PLC to buy to let property.
Is there a benefit to actually starting a company to do this as to write of taxes against mortgages as business expenses or would it be just as cheap to do it privately?

tylerhutchinson
06-21-2011, 05:57 PM
I am not sure personally. I am curious to know as this is something I plan on doing in the next 2-3 years! Haven't had a chance to look into it yet.

MyITGuy
06-21-2011, 09:49 PM
Hey guys looking for a bit of help or advice here.

My Father and I are planning to start a PLC to buy to let property.
Is there a benefit to actually starting a company to do this as to write of taxes against mortgages as business expenses or would it be just as cheap to do it privately?

I would think that it would be best to start a company to do this. First you separate your business assets from your personal assets in the event one of your tenants/lenders decides to sue you/your company.

Depending on what tax structure you choose, you could reduce your tax liabilities (I.E. Self Employment tax versus corporate tax)

And I agree, this may be something I pursue eventually as well, but I would target the business/commercial property. Long leases and high rates/returns!