Limited Company 'Property Management'

If you own properties and spend time managing them, you could form a Ltd company to charge a management fee for that time you are spending as the letting agent / manager. This could then be received into the Ltd Company as a fee charged against each of the properties and the profits could be distributed in accordance with normal profit extraction (salary / dividends / expenses) or retained in the business)

Pros and Cons

  • No need to sell the assets

  • No need to migrate the assets across

  • Simple management fee strategy and structure

  • It doesn’t move the assets away from your estate however

  • CGT will still be payable on eventual sale of the assets

 

This company wouldn’t be VAT registered and would be pretty straight forward so I would estimate the cost of operation would be £150 + VAT pm.

Including

  • Cloud accounting

  • Bank feed and reconciliation

  • Expenses management and an App

  • All statutory filing and requirements

In the event you have any questions or would like us to review your position please do not hesitate to get in contact.

 

The Buy To Let Accountants

23 Skylines Village,

London,

E14 9TS

0207 6143101

enquiries@thebuytoletaccountant.co.uk

Part of the Rodliffe Accounting Group of companies

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