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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)
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Pros and Cons
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No need to sell the assets
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No need to migrate the assets across
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Simple management fee strategy and structure
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It doesn’t move the assets away from your estate however
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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.
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Including
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Cloud accounting
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Bank feed and reconciliation
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Expenses management and an App
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All statutory filing and requirements