Why I use an SPV limited company for buy-to-let (Part 3)

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2 жыл бұрын

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Buying a buy-to-let property through an SPV limited company versus your own personal name when getting into property investments can be a little confusing. For me, buying in a limited company (with holding company) was a no brainer because I want to re-invest the profits and grow the company in the future, as well as being a higher rate tax payer. To work out your own scenario, speak to an accountant and they will be able to give you the best advice.
This video is my experience with investing buy-to-let property in a limited company
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Пікірлер: 18

@TejTalks 2 жыл бұрын

Great points Matt!

@MattBrighton 2 жыл бұрын

Thanks Tej!

@davidalejandrogutierrezgra7376 2 жыл бұрын

This I a good video Matt, thanks and greetings from Germany!

@MattBrighton 2 жыл бұрын

Glad you enjoyed it!

@MrDatimms 2 жыл бұрын

Your videos have a great production quality. There was one point I think you should check as you also said it in the holding company video- NI is only paid on employment income not investing income, so the correct comparison to make when buying property is 40% income tax vs the Ltd company extra costs and tax mentioned in your video. I think student loan is a grey area though. The general points you made are valid though and it's a nice primer for people to do more research.

@MattBrighton 2 жыл бұрын

Thanks! Good point actually, would depend if I paid via dividends or PAYE from company to me if I ever needed it. From what I understand NI is immune via dividends but you still pay student loan on dividends as it's still income, if you're over the £25k threshold on plan 2.

@VishalGuiris 2 жыл бұрын

Awesome video. I personally want to get into buy to let but cant do it until another 2 years at least.

@MattBrighton 2 жыл бұрын

Best of luck! Hope it goes well

@georgechristou7982 Жыл бұрын

Regarding expenses you can claim them all even if you do on your personal name, on your self assesment tax return.

@thomascsimpson551 2 жыл бұрын

The amount you can borrow on a personal mortgage is based off your income. How do lenders calculate the amount a limited company can borrow?

@MattBrighton 2 жыл бұрын

Usually based off rental income of the property. The lender will usually stress test the interest to 5% and make sure that your rent covers it. Depending on the lender they will ask for different percentages to cover the rent. And of course you usually have to go for 75%LTV or lower

@MattBrighton 2 жыл бұрын

A broker will be best placed to get exact figures for you but light answer - it depends more on the property and you’re merely the security

@kennyiklei 2 жыл бұрын

Hi Matt, very useful video. Thank you. I’m about to retire soon and want to setup a LTD company for buy to let businesses in the UK. Should I speak to an accountant or someone else to get some professional advice and assistance?

@MattBrighton 2 жыл бұрын

Setting up the company is easy, takes about 10 minutes online and accountants charge silly money to do it for you. However I recommend n accountant if you need a complex structure to get their advice

@musheopeaus4125 Жыл бұрын

Wish I was this savvy but I wouldn’t know how to go about it

@jpeastwood Жыл бұрын

Well articulated video BUT your comparison of personal expenses Vs Ltd company expenses is incorrect. As a sole trader (not incorporated) you still deduct expenses from revenue to calculate taxable income via Self Assessment.

@iknowineedausername 2 жыл бұрын

Should you buy your first property in a limited company or in personal name ?

@MattBrighton 2 жыл бұрын

Depends if you have your own home or not. I always recommend buy your own personal home first, mainly for tax reasons and lenders always ask if you're already a homeowner when you get a BTL / development mortgage so does help.