Property investment through a Limited Company in 2024? Is it worth it?

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  • Опубликовано: 4 авг 2024
  • Is buying a property investment through a Limited company the best move to make in 2024? Buying a property investment through a limited company can be a very smart property investment move, but is it just as smart to buy a property investment through a limited company as it was a few years ago? In the video I will be breaking down how buying a property investment through a limited company could make or beak you!
    Let me know in the comments if this video has helped you? Are you looking to buy a property investment through a limited company? Did you know you could buy a property investment through a limited company?
    APG - www.aspirepropertygroup.co.uk... and fill in your details!
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    ----------------------------------------------------------------------------------------------------------------
    00:00 - Intro
    00:11 - Why does it matter?
    00:17 - Section 24
    03:31 - Limited Companies
    04:27 - Protection

Комментарии • 629

  • @martharosesatx
    @martharosesatx 3 месяца назад +52

    I'm a 40% tax payer and right from the beginning I set up my LTD company. 1. for tax reasons, 2. because I wanted the risk to be on the company and not me. 3. I see it a tax free investment vehicle. I provide the equity in the form of a directors loan and then when the business turns a profit i'll begin returning my loan to myself. Once I'm ready to buy again i'll start the whole process again. My intention is to keep adding as many as possible during my life. Currently have two properties, about to add a third

  • @danielwi11iams
    @danielwi11iams 3 месяца назад +1

    Hi Jamie, great video, I really like the way you bash the taxes, LOL. I just started out renting my first property, as a private, none Ltd Co. I've got my mortgage set at the moment above the minimum payments and have asked from the tenant to pay £150 more than that to cover maintenance if needed. I'm going to keep paying the higher rate to the mortgage company to get the property paid for early and keep the £150 building up. I going to keep myself with in the 20% tax bracket trough my other full time job including the rent.

  • @cathalquinn965
    @cathalquinn965 Месяц назад +1

    Hey, thanks a mill for the content.
    APG

    • @JamieYork
      @JamieYork  Месяц назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @grimincrimson5
    @grimincrimson5 20 дней назад +1

    Thank you for this video. APG

    • @JamieYork
      @JamieYork  20 дней назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @STM456
    @STM456 28 дней назад +1

    Thanks for the video.
    APG.

    • @JamieYork
      @JamieYork  28 дней назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @NACNUD1986
    @NACNUD1986 Месяц назад +1

    Hi thanks for the advice
    APG

    • @JamieYork
      @JamieYork  Месяц назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @kobibeck516
    @kobibeck516 Месяц назад +1

    APG... thanx for the understandable content

    • @JamieYork
      @JamieYork  Месяц назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @jcsamitchell
    @jcsamitchell Месяц назад +2

    Great video
    APG

    • @JamieYork
      @JamieYork  Месяц назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @AB-wp2lc
    @AB-wp2lc 26 дней назад +1

    Great video! APG

    • @JamieYork
      @JamieYork  26 дней назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @tirathplaha6840
    @tirathplaha6840 22 дня назад +1

    APG. Thanks for video

    • @JamieYork
      @JamieYork  21 день назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @jackross8655
    @jackross8655 3 месяца назад +4

    I’m an aspiring house flipper, haven’t started a portfolio yet as I’m still getting my head around a few things. I’m going to be setting up a Ltd Co as a side business purely for, and as you mentioned in the video, for protection. I’m an electrician full time so I’ll be doing a lot of the work myself, and any profit made will be staying in the company accounts as I can live off my full time wage 👍🏼

    • @JamieYork
      @JamieYork  3 месяца назад +1

      Love that Jack!

    • @johnporcella2375
      @johnporcella2375 3 месяца назад +1

      Why not consider transferring the corporate profits to a SIPP or a SSAS pension to provide for your retirement and to reduce therefore the declared earnings legitimately and so pay less Corporation Tax? The limit is now £60,000 that can be thus transferred pee annum now, before you start to consider using past unused allowances.

    • @benjohnsmith
      @benjohnsmith 2 месяца назад +1

      Good luck mate - I’d love my son to take up a trade such as being an electrician/joiner… if you get the correct properties your ability to make a bigger profit from flipping if you have the skills to do much of the remodeling is enormous compared to someone like me who has to employ tradesmen. My portfolio is in a Ltd company and it will eventually be my pension. All the best on your property journey fella

    • @jackross8655
      @jackross8655 Месяц назад +1

      @@benjohnsmith thank you buddy. Hope your portfolio is growing handsomely too!

  • @judywilliamson5203
    @judywilliamson5203 3 месяца назад +1

    My husband is only on £23,000 a year so we have been advised by our property accountant to do it in our own name. It’s good to see that you mention the lower tax earners and doing it in our name, whereas most other property investors are saying do a Ltd company etc etc.

    • @user-nu4cs1pg7q
      @user-nu4cs1pg7q 2 месяца назад

      If he makes 6k average a year in rental income, that will boost his income to 29,000. Eventually if you are buying more and more, you will cross the 50k threshold

  • @shafikhan2220
    @shafikhan2220 3 месяца назад +4

    APG
    As an expat living outside of UK, looking at setting up a FIC and build a portfolio that way, allowing for ltd benefits as well as succession planning

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

    • @Newlight7773
      @Newlight7773 2 месяца назад

      APG

  • @ImranHussain-vv3ss
    @ImranHussain-vv3ss 27 дней назад +1

    Thanks APG

    • @JamieYork
      @JamieYork  27 дней назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @ferencmakra1764
    @ferencmakra1764 3 месяца назад +3

    Great video as always Jamie. So you only have up to 20 properties per company then you establish a new one for further properties and so on because it's easier to get lending this way? Thanks.

  • @sajjadbukhari310
    @sajjadbukhari310 21 день назад +1

    APG. Thank you

    • @JamieYork
      @JamieYork  21 день назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @shazav9776
    @shazav9776 21 день назад +1

    APG , thank you

    • @JamieYork
      @JamieYork  21 день назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @anthonycullinan3494
    @anthonycullinan3494 Месяц назад

    Great content, we have seen so many other investors jump straight into the ltd company route when they didn't need to. Harder to get cash out of a Ltd company.
    We have a portfolio in our own names and to keep us in the lower tax bracket we are now buying in a ltd company. Just a quick question is there a vehicle out there where we can transfer the properties that are in our own names into the ltd company without the stamp duty having to be paid? eg trusts

  • @kevinflynn8798
    @kevinflynn8798 3 месяца назад +9

    I currently have 2 btl in personal name. Trying to decide how I go from here. I’m a sole trader for my day job and thinking of going ltd for day job and keep buying in personal name. Main reasons are cheaper mortgages and cheaper accountancy fees. I would then just restrict the amount of money I pay myself from ltd Co day job and use the rental money as wages keeping myself below higher rate tax. I could then use excess profits in the ltd Co to pay for allowable expenses, pension etc.

    • @joebacchetti5890
      @joebacchetti5890 3 месяца назад +1

      Thanks Kevin, great ideas! 🤗 Very smart.

    • @krisjenkins4167
      @krisjenkins4167 3 месяца назад +2

      Intrest rates are the same in limited company as individial with some lenders. Just done one now

    • @johnporcella2375
      @johnporcella2375 3 месяца назад +1

      So long as you keep yourself down to a 20% Income Tax payer (say by increasing pension contributions in your normal job), then owning properties in your OWN name avoids the problem of extracting profits from your limited company. Sure, buy them via a limited company when you can no longer remain a 20% tax payer.

  • @johnporcella2375
    @johnporcella2375 3 месяца назад +1

    As for Jack and Sally...is there not some way to transfer their properties into a limited company? Sure, there would be loads of stamp duty to pay, but they could avoid going back to work. What about a transfer into an LLP and then into a limited company?

  • @poemdaily
    @poemdaily 2 месяца назад +2

    Hi Jamie. Im inheriting a property. I want to flip it to sell on, then buy to flip. I will have enough cash, so wont need a morgage. Not interested in rentals. Im in the trades, so have some experience on flips. Question.. ltd or not ?

  • @natalieallmond3019
    @natalieallmond3019 19 дней назад +1

    APG - thank you

    • @JamieYork
      @JamieYork  19 дней назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @dhathapa
    @dhathapa 3 месяца назад

    Great Video . One question- I am one the way of buying first home through Ltd company . I just managed to open business acc through Tide . Do I need to transfer money to solicitor through tide or directly from my personal account ? Please advise

    • @JamieYork
      @JamieYork  3 месяца назад +1

      I would put the Kirby into your company account as a directors loan and then send from your company 😊

  • @jasonbennett3402
    @jasonbennett3402 3 месяца назад +3

    APG. Just one thing. I don't have 50K cash, I just have a house in a nice area of Leeds which is paid off. Probably worth about 400 K and another property which I let out and have a mortgage on. Your advice is appreciated.

    • @TheNomadicTrader
      @TheNomadicTrader 3 месяца назад +2

      Take out a massive loan on the property and buy loads more in a PLC.

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch and will help and advise you on your situation further! 😊

    • @shazav9776
      @shazav9776 21 день назад

      I’m in a similar situation and would appreciate some advice too

  • @robertknott4710
    @robertknott4710 3 месяца назад +6

    The problem when you incorporate is when the Government have a captive audience they will move gole posts to draw in more taxes😢

  • @farhada147
    @farhada147 Месяц назад

    APG - Jamie I'd b einterested in what you've said and I do have some money sitting in my LTD company already but have never done any property work. Thanks

    • @JamieYork
      @JamieYork  Месяц назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @MickOByrne
    @MickOByrne 3 месяца назад +2

    Both I have some in personal and now building into my Ltd company

    • @JamieYork
      @JamieYork  3 месяца назад

      Love that!

    • @johnporcella2375
      @johnporcella2375 3 месяца назад +1

      Excellent!
      The only issue is that should you sell any held in your own name, any holding gain would be subject to Capital Gains Tax. Whereas, if you sold a property for gain in a limited company, it would be subjected to Corporation Tax instead. Then this could be reduced with a personal pension contribution, pretty easy to achieve now that the limit is £60,000pa!!
      Frankly, you should probably aim to buy in your own name properties that you will hold forever and never sell, that way avoiding CGT. You could always extract the equity by remortgaging every decade or more often.

  • @johnporcella2375
    @johnporcella2375 3 месяца назад +2

    The reason for the introduction of Section 24 was that it levelled the playing field between property investors and house buyers who were bidding on the same houses. Investors had the advantage of having their mortgage interest payments subsidised by having tax relief, whereas the ordinary buyer did not.

    • @ruhaluddin
      @ruhaluddin 22 дня назад

      ‘Levelled the playing field’? You clearly don’t know what you’re on about. It’s a bit like saying, a company should not be able to deduct interest costs associated with the loans used for the purchase of vehicles that are required to undertake business activity, as private individuals aren’t able to do the same on interest they pay towards vehicle finance where the car is utilised for personal use!

    • @johnporcella2375
      @johnporcella2375 21 день назад

      @@ruhaluddin I know EXACTLY what I wrote, thank you very much!
      Do I agree with the change? No. Perhaps, individuals buying their own homes should be able to offset the mortgage interest expense? We had something like that under MIRAS. However, it was abolished as too expensive and people did not need to be incentivised to buy property anyway.
      The next, obvious, step is to stop limited companies being able to deduct the financing interest on property purchases...

    • @johnporcella2375
      @johnporcella2375 21 день назад

      @@ruhaluddin Actually, it DID level the playing field! You and I might object to it, but it did what it was meant to, ie remove the advantage that property investors had over first time buy3rs looking for somewhere to love for themselves.

  • @its_just_me1970
    @its_just_me1970 Месяц назад

    Hi, my question may be a bit out of context here. Any advice will be great. Im a sole proprietor and its my full time job, been leasing a property where i run my biz for over 5 years now. Would it be better if i convert my sole proprietor to a limited company and buy a property thru the company?

  • @harrysimmonds3697
    @harrysimmonds3697 3 месяца назад +1

    1 BTL in my personal name, almost ready to buy another but considering doing it through a ltd company. Is it worth setting up Ltd for second and transferring ownership of personal BTL when mortgage term ends? Current sat just below £50k tax threshold, many thanks

    • @MarkLikesCoffee860
      @MarkLikesCoffee860 3 месяца назад +2

      It's worth setting up a Ltd company if you plan on expanding until your gross income exceeds £50,271. If that's the case, then yes, you should set up Ltd for your second BTL. However, you should keep your 1st BLT in your own name for two reasons - it will be expensive because you'll have to pay 3% in Stamp Duty + legal fees. Also, it's good to have one BTL in your own name because you can include it in your £12,570 of non-taxable income when this is your only source of income (I'm not a legal adviser so seek advice if unsure. This is just my opinion)

  • @Solihul886
    @Solihul886 3 месяца назад +2

    Is there a particular reason to constantly buy property? After a certain amount arent you essentially only buying for the sake of buying since you cant really make use of that extra money?
    My wife and i have maximised both our personal basic rate band with btl property. We were going to expand into a LTD company until i questioned what i need it for. Felt more like an addiction rather than a practical decision
    I figured we can save for a new main residence and pay down mortages in a few years. Then start investing in our children when they come of age.

  • @drjeckyll5305
    @drjeckyll5305 3 месяца назад +1

    APG - just about to purchase 4th btl and torn between keeping properties in own name or maybe going as Ltd. Currently all in personal name as this is only income in my name. Hubby is on the mortgages but properties are all in my name only. He is salaried. Which way should I go?

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @gd7163
    @gd7163 3 месяца назад

    Jamie, this example of Jack and Sally, you know that there is jurisprudence out there that means they could’ve incorporated all of their portfolio into a limited company without paying stamp duty tax because there is I’m sure ample evidence they’ve been running this is a business and this the only evidence that they need to bring to court if HMRC challenges them.

  • @shayp8292
    @shayp8292 3 месяца назад

    Can you use the funds built up in the ltd as deposit for future purchases?

  • @kyle286
    @kyle286 3 месяца назад +1

    I have my own properties that pay me, but a limited company with a few rent to rents, that I don’t pay myself with. Do you think I should be paying myself enough to get to the 40% tax bracket? Anyone feel free to advise.

  • @TheNomadicTrader
    @TheNomadicTrader 3 месяца назад +2

    Those wanting to scale I would look into setting up a holding company which owns your property businesses. You can then loan each of your businesses money interest free without paying corporation tax as it comes off before your tax returns.

    • @kellysimes8238
      @kellysimes8238 3 месяца назад

      Not sure how favourably the commercial lenders view holding companies for funding BTL?

    • @gabrielcavaller4724
      @gabrielcavaller4724 3 месяца назад +1

      ​@@kellysimes8238same thought.

    • @MarkLikesCoffee860
      @MarkLikesCoffee860 3 месяца назад

      @@kellysimes8238Do they need to know? Surely you would just give them the property business name since the holding company isn't getting the mortgage?

  • @ThomasBates-oi2lz
    @ThomasBates-oi2lz 3 месяца назад

    I own a property in my name that i want to rent when i buy my next property, should i keep it in my name or sell it and buy one through a ltd company?

  • @jaredtodd8844
    @jaredtodd8844 3 месяца назад +2

    APG 👍🏻

    • @JamieYork
      @JamieYork  3 месяца назад +1

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @Joshherby
    @Joshherby 2 месяца назад +2

    APG holiday lets

    • @JamieYork
      @JamieYork  2 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @kapadyakkabikersuk9037
    @kapadyakkabikersuk9037 2 месяца назад +1

    APG..own a 3 rental property...not limited...fully employed by NHS...

    • @JamieYork
      @JamieYork  2 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @shotokanmike999
    @shotokanmike999 15 дней назад

    Question myself and my partner are not married, if i go basic rate ato 50k a year which is only %20, what would happen if my partner wanted to do the same? will we be in the 40% or is only %20?

  • @honestjohn8894
    @honestjohn8894 3 месяца назад +1

    Is there a way to change properties on personal name to llp or limited company? Does this mean stamp duty needs to be paid?

  • @salsabila786
    @salsabila786 Месяц назад +1

    APG
    Would you be able to work with someone looking for a Sharia Compliant financing portfolio. I know a lot of people with the funds that would only look at these type of financing in their property portfolio. Gatehouse Bank provide such financing as long as minimum 75k per property.

    • @JamieYork
      @JamieYork  Месяц назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @VilemJungmann
    @VilemJungmann 3 месяца назад +1

    Please, a quick question. So far i have one BTL property, under my name. But I also have a LTD. company. Should I then transfer the BTL from my personal name under the LTD?? Many thanks in advance guys. And Jamie, many thasnks for good videos.

    • @VilemJungmann
      @VilemJungmann 3 месяца назад

      ...and I am planning to buy more BLTs, yes (with APG as well haha). Cheers

    • @Andy5c
      @Andy5c 3 месяца назад +5

      You can't transfer it, you have to sell it to your LTD company thus pay stamp duty/ legals and any capital gains tax again

    • @andrewharrison3888
      @andrewharrison3888 3 месяца назад

      @@Andy5c Not always true. There are people out that who can do this without SDLT and the rest. Check out Property 118.

    • @VilemJungmann
      @VilemJungmann 3 месяца назад

      @@Andy5c many thanks Andy 👍🙏

  • @TheChrisKeenan
    @TheChrisKeenan 3 месяца назад

    Can you refinance a buy-to-let in a PERSONAL NAME to generate funds for purchasing another buy-to-let in a limited company? Or are the released funds just for personal use?

    • @JamieYork
      @JamieYork  3 месяца назад

      Yep… get the right lender. And then put the funds into your Ltd (DLA)

  • @adminteam7216
    @adminteam7216 18 дней назад +1

    APG 👍

    • @JamieYork
      @JamieYork  18 дней назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @michaelowiredu8888
    @michaelowiredu8888 Месяц назад +1

    APG!

    • @JamieYork
      @JamieYork  Месяц назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @loannguyen-zk8to
    @loannguyen-zk8to 2 месяца назад +1

    APG🎉

    • @JamieYork
      @JamieYork  2 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @imarip9781
    @imarip9781 3 месяца назад

    If the property is used for short stay let/airbnb , can the mortgage interest still be taxable through an Ltd?

    • @kellysimes8238
      @kellysimes8238 3 месяца назад

      Think this is what’s changing isn’t it?

    • @damzon2wheels657
      @damzon2wheels657 3 месяца назад

      @@kellysimes8238Changing in 2025. Don’t bother

  • @JAYBOLA1
    @JAYBOLA1 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @floraharrison782
    @floraharrison782 Месяц назад

    What about LLP. Thanks.you

  • @markbishop3325
    @markbishop3325 3 месяца назад

    How do you flip them into a LTD if you had already started in a personal name and you’re now stuck?

    • @pappie1992
      @pappie1992 19 дней назад

      You have to sell them to your ltd company as far as I know

  • @BaruchEitan
    @BaruchEitan 3 месяца назад +2

    I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elizabeth Frankel.

    • @JamieYork
      @JamieYork  3 месяца назад

      You are so welcome! Thanks for watching! Its been a pleasure 🙌

  • @da_klone6494
    @da_klone6494 3 месяца назад +1

    APG. Only 30K but worth a shot.

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @shakeelsankriwala9703
    @shakeelsankriwala9703 Месяц назад +1

    APG
    I own a property that I live in with my family. I got probably £80k of equity I could release. My wife owns a property in her own name which she lets out and has got about £80k equity too. Can you help to build a portfolio

    • @JamieYork
      @JamieYork  Месяц назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @Snake16
    @Snake16 3 месяца назад

    APG , Hi, I'm new to property investing. I'd like to get into buying an auction property, renovate and flip, then maybe sercived accommodation.
    I've worked in Railway construction and maintenance for 20 years and i really need a career change.

    • @JamieYork
      @JamieYork  3 месяца назад +1

      Definitely don’t do any of those as a newbie bud. You’ll lose money fast
      Either keep it simple with BTLs, or get educated properly my man

    • @Snake16
      @Snake16 3 месяца назад

      Yes i would get educated first , I've booked into your Elite academy , Baz 😊

  • @kcbrown8742
    @kcbrown8742 2 месяца назад +1

    APG - I'm looking to join BTL Market

    • @JamieYork
      @JamieYork  2 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @andrewfallon2719
    @andrewfallon2719 28 дней назад

    But how can u extract money out of the business when corporation tax is 19% and dividend tax is 33.74% ? Paying 54% tax would destroy your profit.

  • @Pierreland-sz4un
    @Pierreland-sz4un 3 месяца назад

    Reference not having £50k yes you do its your equity so with draw from mtg free property

  • @lauralivon2956
    @lauralivon2956 22 дня назад +1

    Hey I need help and advice!
    APG!

    • @JamieYork
      @JamieYork  21 день назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @dermotcarroll3630
    @dermotcarroll3630 3 месяца назад +1

    APG.

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @philiphowkins541
    @philiphowkins541 6 дней назад

    Why didn’t you mention CG from private to Co

  • @bgate1984
    @bgate1984 3 месяца назад

    If u buy through a company and the company uses the profits to buy more property, does that reduce company profit and therefore tax bill? 🤔

    • @MarkLikesCoffee860
      @MarkLikesCoffee860 3 месяца назад

      Expenses aren't taxed. Assets are taxed. If you buy an additional property, the deposit is taxed because it's an asset which added value to the property. The mortgage is taxable but the interest is an expense. For example, if you pay a £25,000 deposit, that's all taxable because the company is worth £25,000 more. The interest didn't make the company worth more. The expenses didn't make the company worth more (Obviously I'm assuming the deposit was income from rent within the company. If you lend the company a deposit from your own bank account then it's not taxed)

    • @bgate1984
      @bgate1984 3 месяца назад

      @@MarkLikesCoffee860 great info thanks

  • @ashleighsanders
    @ashleighsanders 3 месяца назад

    So I earn £42k salary and get bits of overtime that bumps it up abit more if I get a buy to let property that turn more than 8 k a year should I think more down the Ltd route? Thanks for the great videos really informative.

  • @johnsmithda4th
    @johnsmithda4th 3 месяца назад +1

    APG - Completely agree with you mate, section 24 is just ridiculous. I currently own 2 buy to lets in my personal name and I'm now debating on how to buy the third one, in my personal name or in a Limited Company. One thing I've noticed is the mortgage fees are absolutely insane to buy it through an LTD. Not only is the interest rate much higher, the product fee for the mortgage is almost double. I've seen product fees as high as 7% if you're buying it through a LTD compared to around 3% in your personal name. Not to mention the annual cost to have an accountant do the taxes for the company. All these littles costs add up and makes me wonder if it's even worth it. Then let's not forget, you pay your 25% corporation tax on the profit and then when you extract some profits as dividends, you personally pay tax on the dividends. So am I missing something here? Where is the incentive to purchase it through the LTD other than being able to offset the mortgage payments? Even if I'm a higher rate tax payer, I've still payed 25% corporation tax on the profit and now 33.75% tax on any dividends I take out. I just don't see where it makes sense.

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

    • @raymondwuimanyiupianist4164
      @raymondwuimanyiupianist4164 3 месяца назад +1

      I'm looking into directors loan account where you can pay yourself the money back tax free which you "loaned" the company to buy the BTL? Going to speak to an accountant about this next week.

    • @johnsmithda4th
      @johnsmithda4th 3 месяца назад

      @@raymondwuimanyiupianist4164 Yea I was looking into this as well. From what I understand, you lend your LTD company money from your personal account, let's say £50K and you charge interest on that money and slowly extract it back out from the LTD company as and when you want. As it's a loan that the company is repaying, there is no tax on this.

    • @tobsstone
      @tobsstone 2 месяца назад

      I am literally in the same situation, and also dont see the benefit of buying through a company as the moment you take it out to use the money you end up paying just a smuch tax as if it wa sin personal name. Also more expense and more work to do to run a company, all the bookkeeping is a pain. Did you get any advice in the end?

    • @raymondwuimanyiupianist4164
      @raymondwuimanyiupianist4164 2 месяца назад

      @@tobsstone I changed my mind now and don't really see the benefits of BTL at the moment...

  • @FarrahQureshi-uk9zb
    @FarrahQureshi-uk9zb Месяц назад

    If you are living abroad and dont pay tax (0%), should you just buy it in your own name?

    • @bogdanpohrib7316
      @bogdanpohrib7316 Месяц назад

      I'd like an answer to this question too. Also considering buying more properties, eventually in a LTD when the tax threshold is near 40%. @JamieYork give us a hand please.

  • @cnryan1
    @cnryan1 29 дней назад +1

    APG!

    • @JamieYork
      @JamieYork  29 дней назад

      Amazing! Let me know once you get it filled in. Good luck on the call: www.aspirepropertygroup.co.uk/?RUclipsOrganic

  • @absarkhan6823
    @absarkhan6823 3 месяца назад +1

    APG

  • @frederickgreenwood4795
    @frederickgreenwood4795 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @wesleydouglas1914
    @wesleydouglas1914 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @leighrice8279
    @leighrice8279 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @tarabubble4866
    @tarabubble4866 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @MarkLikesCoffee860
    @MarkLikesCoffee860 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @pawelkossecki7459
    @pawelkossecki7459 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @walkerjohnson2402
    @walkerjohnson2402 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @ditennisacademy
    @ditennisacademy 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @geo66665
    @geo66665 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @MatthewBreeze-iz4du
    @MatthewBreeze-iz4du 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @fredwhite658
    @fredwhite658 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @chrisk1201
    @chrisk1201 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @aljones4080
    @aljones4080 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @sukinagra
    @sukinagra 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @HannahGondar
    @HannahGondar 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @oluolutoy
    @oluolutoy 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @salmashah9513
    @salmashah9513 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @santoshpatra7169
    @santoshpatra7169 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @vishalpatel19902009
    @vishalpatel19902009 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @gurdeeppoonian6637
    @gurdeeppoonian6637 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @mihir001
    @mihir001 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @TuyetPham-qe6jl
    @TuyetPham-qe6jl 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @andrewbroughton4295
    @andrewbroughton4295 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @j-rz2pc
    @j-rz2pc 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @Slevinlee
    @Slevinlee 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @jakebullet4157
    @jakebullet4157 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @Ppp2r2a
    @Ppp2r2a 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @Dzashe15
    @Dzashe15 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @SnakePliskin762
    @SnakePliskin762 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @shibasischowdhury9846
    @shibasischowdhury9846 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @deer9474
    @deer9474 3 месяца назад +1

    APG

    • @JamieYork
      @JamieYork  3 месяца назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊

  • @hussainahmed9531
    @hussainahmed9531 Месяц назад +1

    APG

    • @JamieYork
      @JamieYork  Месяц назад

      Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊