Increased taxation and legislation mean many landlords are looking to move their properties into limited companies but is it the right move for you?
It’s no secret that it’s become a much tougher environment for landlords. The removal of tax privileges, more legislation and increased paperwork mean many are selling up while, those who remain, are looking at ways to make their portfolio more cost-effective. “We have seen more landlords looking to either incorporate their existing portfolio or to continue building their portfolio through a limited company,” says Anton Lane, managing partner, Edge Tax. As this looks to be a growing trend, we’ve spoken to several tax and property experts about the pros and cons of creating a limited company and what you need to look out for if it’s something you’re thinking about.