Should I purchase my next buy to let via company?

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    Should I purchase my next buy to let via company?

    Afternoon,

    I want to purchase another buy to let. I currently own one outright personally. Reading different websites about the new 3% buy to let charge on new purchases and how to get around the issues i'm still slightly confused.

    If i set up a ltd company and purchase one buy to let with cash (my loan to the company) do i have to pay the new 3% buy to let tax on top of the standard SDLT?

    Many thanks in advance

    Kev

    #2
    Yes you will have to pay the extra 3% SDLT. Ltd companies are NOT excluded.

    Comment


      #3
      Yes, company buying residential property pays the extra 3%

      http://www.mortgagesolutions.co.uk/n...y-budget-2016/

      You have to bargain harder with the seller and offer 3% less .

      Comment

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