UK Landlord Forum / Life

Hey guys,

First post here and hopefully not the last!

I just had a question on whether any LL's here hold their property rental business via an umbrella company. From what I have read you can expense many costs against profits you generate and the only tax paid is on whatever has been left over.

I would greatly appreciate if anyone can share any experience they've had with this topic and whether they would advise doing so with only one property being let out.

Thank you.

I have done this for my last two, but they are specific purchases with a long term (unmortgageable) quality.

Companies don't get indexation allowance, so if you are planning to sell the house at a profit in the future, it's probably not worth it.

You need to crunch the numbers to see if it's worth the hassle.

Sorry but just wanted to confirm, does that mean that if i want to remortgage and take the equity out and re-invest I can't do so?

What i wanted to do is actually have one company holding several houses as well as other investments (stock, bonds etc) within it.

No you can do what you like.

But "You" becomes the company.

For something like this you need to sit down for an hour with a specialist Tax adviser who you can furnish with your earnings and expected earnings, to crunch the numbers to see if it's worth the hassle.