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    Do you own a property flipping co?

    The business model is: There is 3 of us, all friends who have worked together in the past on various projects. Between us we are qualified & can carry out most trades (other than electric work or plastering, however, we do plaster boarding ourselves & get a plasterer to do final plastering)...
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    Limited Company Bank / Business Acct

    I alrready tried them but they only provide business accounts for Ltd co's with 2 or less directors, we have 3.
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    Do you own a property flipping co?

    Just a few general questions really... Bank accounts Any recommendations for a bank account as most business accounts charge for money paid in, this will be a large fee when the proceeds of a property sale are paid in. Insurance policies (household insurance) Do these need to be in the name...
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    Limited Company Bank / Business Acct

    Whi do you do your business banking with?
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    Do you own a property flipping co?

    Just wondering if anyone on here owns their own property flipping company? Im in the process of starting my own ltd company & have a few questions. Cheers
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    Limited Company Bank / Business Acct

    After some advice regarding business bank accounts for a limited company. Business model is flipping property, i.e. to cash buy residential property, renovate and sell on for a profit. In relation to a bank account, transactions will be limited to: · Holding all original money in the...
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    Any full time prop developers on here?

    is there any full time property developers on here able to explain how / if VAT applies to flipping properties as a ltd company?
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    VAT & Property Developing

    Does VAT apply to any element of Property Development for a company that purchases, renovates & sells? Obviousily VAT isnt charged upon sale so is it totally exempt?
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    Accountancy Costs

    I got a breakdown from my accountants proposal. What's people's opinions: - Provision of un-audited financial statements - £1,000 - Tax management service including corporate tax, compliance and tax provisioning services - £350 - Confirmation statement & PSC register - £193 + VAT - Directors...
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    BTL & BTS costings template

    Yes no probs, pm me your email address
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    Hello! Newbie about to start property journey from London

    Did you find out what other insurance other than buildings you’ll need?
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    Hello! Newbie about to start property journey from London

    I use towergate for th budings insurance as they do policies for unoccupied / unfurnished properties and properties that are being extended / renovated. Did you gather and research ragarding the other insurances as i’d like to know that too?
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    Accountancy Costs

    Thanks realdeals
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    BTL & BTS costings template

    PM me your email address and i’ll send you mine. Its on excel and is formulated
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    Accountancy Costs

    Hi all Had a meeting last week with an accountant to discuss my new limited company which is a property development company, buying renovating & selling approx 2 properties every 3 years. I’ll do the bookkeeping for each property. What is a reasonable cost?, he quoted £1200 + VAT. What would...
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    Limited Company Query

    What do you mean as a "normal" business?
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    Limited Company Query

    Thanks for the reply. I know what you mean but we’ve worked on jobs together a few times as we’re all tradesman, but as you say things can change. Ok, i’ll mention that account to my accountant too. Thanks again
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    Limited Company Query

    Hi All Following the successful renovation of 6 properties (mortgages on all) I have now created a consortium with 2 friends to start our own limited company to buy properties for cash, renovate & sell them for a profit. I've got a meeting with an accountant on Wed this week but have a few...
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