This website uses cookies to ensure you get the best experience on our website, read about our cookie policy.
Accept Cookies
National Residential Landlords Association
Home My Account My Portfolio
Join Us Log In

Rental Payments - Which method is best?
Tax Planning and Financial

Peter_155
Peter_155
0 Thanks
11 Posts
16 years ago
0
Is it best to have tenant pay rent to a landlord's personal bank account or business bank account? Does this have any tax or other implications?

Sorry if this sounds like a naive question, and I'm sure many will point me in the direction of a good property accountant who can give professional property tax advice, but I currently only have a very small portfolio (2 properties).

Background: I have bought a BTL property in personal name, with mortgage in my name. I also have a ltd. company which I have used for buying and selling a property, which has its own bank account.

Thanks in advance.

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.

Join Today

Have you forgotten your password?