T
tks23
New Member
Hi there,
If I were to purchase a BTL property via an Ltd, does it make sense to purposefully make the Ltd loss making by taking out a mortgage for say 10 years in length (rather than the usual 25) such that the rent would only just cover the mortgage and there would be no profit and therefore no tax (until the mortgage was completely paid off)?
Thanks
If I were to purchase a BTL property via an Ltd, does it make sense to purposefully make the Ltd loss making by taking out a mortgage for say 10 years in length (rather than the usual 25) such that the rent would only just cover the mortgage and there would be no profit and therefore no tax (until the mortgage was completely paid off)?
Thanks