In this episode, we're tackling the big question: should you hold your properties in your personal name or set up a limited company? For personal name ownership, we cover how Section 24 impacts mortgage interest relief, the perks of tax-free allowances, capital gains tax when transferring properties, differences in mortgage rates, and how full cash purchases can change your tax situation.
On the limited company side, we'll explain why Section 24 mortgage cost restrictions don’t apply, the benefits of corporation tax, the tax efficiency of reinvesting profits, the extra admin involved, and why you need to think about your long-term exit strategy. We'll also help you figure out which option is best for you and share our take on the best approach for landlords.
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