Firestarter
17-10-2006, 21:36 PM
Hi,
My wife and I currently own 2 buy-to-let properties between us, one of them is being re-mortgaged to release equity to purchase a development property.
We are both higher rate tax payers and are intending for this buisness to be a long term plan.
Ive read so many articals on the advantages and disadvantages on being limited. The only valueable thing ive learnt so far is that we need to get our tax planning now otherwise it could be costly in the future.
Based on the information given I would appriceate any advice.
Regards
Darren
My wife and I currently own 2 buy-to-let properties between us, one of them is being re-mortgaged to release equity to purchase a development property.
We are both higher rate tax payers and are intending for this buisness to be a long term plan.
Ive read so many articals on the advantages and disadvantages on being limited. The only valueable thing ive learnt so far is that we need to get our tax planning now otherwise it could be costly in the future.
Based on the information given I would appriceate any advice.
Regards
Darren