Moving to Property Company to aid expansion??? Advice needed
Tax Planning and Financial

Cheryl
Cheryl
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24 Posts
10 years ago
0
I currently have 13 properties which I let out and manage tax under self assessment. I have bought 3 of these in the last year and want to continue to grow as I have a good infrastructure in place. The properties are generating a nice profit which I want to use to invest in new properties - however, as I understand it, under my current tax arrangements, I only get tax relief on the investment/deposit paid under the CGT regime when I sell them (not planning that just yet). I cannot really refinance due to the poor housing market, and I am running out of cash to invest as I have to save for taxation.

If I set up a property company do I get 'in year' tax relief on my investment???

Interested in any Accountants in the NE/Middlesbrough are who specialise in property and can advise me.

Thanks

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