Ask Barry: Can landlords avoid tax relief cutbacks by setting up a limited company?
I'm keen to hear an expert opinion on the tax benefits of setting up a limited company for the purposes of acquiring rental property. I currently own 3 properties (one I live in and the other are houses I rent to tenants). I'm keen to add another buy-to-let to my portfolio but with tax relief on cost of finance being phased out, I'm wondering if I can hold on to some more of my income if I set up a limited company for my rentals?
Kind Regards, Louis.
Hi, I'm Barry Corscaden and I've worked in Residential Lettings, Sales and Property Management for 20 years during which I have spent a lot of time sharing my thoughts and insights on the property market in Belfast. I have two decades' experience in letting homes to thousands of people. I've learnt that new, experienced and aspiring landlords alike appreciate honest, practical investment, sales and management advice, and I'm always happy to provide it.
So I have decided to write a blog. Every week I will bring you investment advice, landlord Q&A with an expert member of my team, and all the market information, insights, news and views a landlord could need to get the most out of Belfast's thriving, dynamic residential sales and lettings market.