Commercial, BTL, HMO, FHL, SA, R2R, Short Lease, Trading (flipping) and many others! We advise on various business structures to suit your property strategy.
As specialists in tax Advisory and Accountancy we are aware of the challenges faced by property investors / landlords / developers in the UK, with ever-changing legislation and complex regulations. Here are the main business structures LET’S CONNECT
As a sole trader, you run your own business as an individual. You can keep all your business’s profits after you have paid tax on them, but you are also personally responsible for any losses your business makes. In the property business, this can be risky given the potentially large investments and fluctuating markets.
In a business partnership, you and your partner (or partners) share responsibility for your business. Partners share the business’s profits, and each partner pays tax on their share. But like sole traders, each partner is also personally responsible for any losses the business makes.
A limited company is legally separate from the people who run it, has separate finances from your personal ones, and has shares and shareholders. This business structure can offer you protection if the company runs into financial difficulties because your personal finances will typically not be at risk.
In an LLP, some or all partners have a form of limited liability similar to that in a limited company. Partners in an LLP aren’t personally liable for debts the business can’t pay – their liability is limited to the amount of money they invest in the business.
A property management company is a specialised type of business that deals with the operation, control, and oversight of real estate. This is a common choice for those who want to focus on managing properties for others.
A REIT is a company that owns, operates, or finances income-generating real estate. This is a more complex structure that can offer tax advantages but comes with regulatory requirements and is usually chosen by larger property businesses.
Remember, the type of structure you choose for your property business will impact many factors, from your personal liability, how much tax you pay, to how much control you have over your business.
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We believe in personalised service, understanding each client’s unique circumstances, providing tailored solutions, timely service, and peace of mind. Navigate the Property / Real Estate Taxation landscape with confidence.