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Buying a property through a limited company
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MattShill
MattShill
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1 Posts
2 years ago
0

Hello,
I am looking at setting up a limited company and buying an investment property through it. The property I am looking at needs work and I would not be starting work on it for a few years.

So my question is, if I was to buy the property through the Ltd company I would be paying for the mortgage and council tax and other fees I suspect, so how much of these costs would I be able to offset in my tax return? As this will be the only property in the company it would be making a loss for some years. Does this allow me to not pay for the council tax as an exemption?

I hope this makes sense.
A little back ground to myself. I have 4 properties in my own name that I let out so have knowledge of residential letting just not business.

Regards

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