This week on Ask Rob & Rob, Ravi from Leicester asked:
What’s the best company tax strategy?
Always a tough question to answer, as accountants themselves don’t always agree on the best course of action. If you don’t have a property company but you do have a business that you want to lend from, you can organise things that way. But the best way is setting up an official loan between two separate companies; this way you can pay back bigger parts of your loan to your original company if you want to lower your profits. All you need to do is make it all official and set things up – see the links below for lots of useful material.
Links mentioned in this episode
- Should you use a limited company to invest in property? A video course.
- TPP 123: Budget special: 6 ways property investors will be affected.
- TPP 124: Post-budget survival tactics for property investors.
- TPP 125: Should you create a limited company for your property portfolio?
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