Do you hold your property assets in your own name or a company?

Discussion in 'General Property Investment Discussion' started by Longterminvestor, Nov 10, 2019.

  1. Longterminvestor

    Longterminvestor Administrator

    They have been some significant changes with regards to taxation, do you hold your property assets in your own name or a company?
     
  2. nancyfrank232

    nancyfrank232 New Member

    What “changes with regards to taxation” are you referring to that impacts holding property assets in own name vs company?

    I’m assuming from your other posts that this refers to the tax code in the UK
     
  3. lookinginvest

    lookinginvest Member

    I think they are referring to the change in offseting mortgage interest against rental income. This is being phased out for higher rate tax payers and very soon you will only be able to offset using the new basic rate tax allowance. When property is held in a company you can offset any costs such as mortgage interest against income.
     
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