Hi
We are just contemplating buying a second property to let.
As this is getting to more like a business and less like a hobby I am wondering whether there would be any wisdom / advantage to forming a limited company.
Any thoughts welcomed,
UK Limited Company
- tree-peony
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personally, at the moment, I wouldn't. Accounting charges will be higher for a start. There's now no profit allowance for limited companies (it used to be the first 10K was tax free) and tbh there's not really any protection benefit these days.
http://www.gozoluxury.co.uk
actually quite nice apartment in Gozo!
actually quite nice apartment in Gozo!
- tree-peony
- Posts: 1308
- Joined: Sun Apr 01, 2007 9:40 am
- Location: gozo
- Contact: