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  #1 (permalink)  
Old 24-09-2007, 03:46 PM
 
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Location: Warton, Preston, Lancashire
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Default Limited company?

I am new to the forum (and property investment). This is probably a stupid question but before I get started looking for BMVs should I set up a LTD company?? I just want to start in the right place!

Cheers
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  #2 (permalink)  
Old 24-09-2007, 03:49 PM
 
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Hi Ryan, welcome to the forum. If you go to the search button at the top of the page and put in 'limited company' all previous thread will come up for you to view all the advice you will probably need at your leisure.


with best wishes and have a good evening!

Heather
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  #3 (permalink)  
Old 24-09-2007, 04:08 PM
 
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Thanks Heather. Its a bit of information overload with only joining today!

Cheers
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  #4 (permalink)  
Old 24-09-2007, 05:04 PM
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Hello Ryan,

As Heather mentioned, a quick search should bring up enough relevant info to keep you busy for hours. However here is a quick tip: if it is a buy to sell then Ltd co is probably going to be the most tax efficient route. The buy to keep properties over medium term should go on personal name. This assumes your other financial and asset commitments do not get in the way.

Good luck!

Regards
Pankaj
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Old 24-09-2007, 05:33 PM
 
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Thanks Pankaj. Thats what iv picked up over the last few hours looking at the historical threads. There is too much information on this forum! Im not complaining though! ha ha
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  #6 (permalink)  
Old 24-09-2007, 06:25 PM
 
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Agree with Pankaj.

You can run the two strategies hand in hand. Buy your BTLs as a private individual, and set up a Ltd Co for your BTS properties.
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