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Should you buy property in a LIMITED COMPANY or in your PERSONAL NAME? | Buy-to-let with Jamie York 

Jamie York
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Buying property in a limited company or in your personal name is one of the most popular topics I get asked about! "Should I be buying my first property in a buy-to-let LTD company?" or "Should I buy the first BTL in my personal name THEN move them into a LTD company later?"
When it comes to buy to let investments it usually comes down to your personal circumstance and what your property investment goals are! But to make sure you're smart with your tax then you need decide how you're going to structure your property portfolio. Property investors over the years have decided to move their property portfolios into limited companies because of regulations around tax brought in y the government.
Over the last 10 years I've learnt the reasons why you should move your property into a limited company and why not to have it in my personal name. So in todays video I'm going to teach you about what you should do so you can grow your property investments even quicker!
Make sure you subscribe to the channel to not miss videos all about Property Investment.

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5 авг 2024

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Комментарии : 599   
@amandamantra
@amandamantra 2 года назад
You know the man is serious when he has a digital whiteboard.
@JamieYork
@JamieYork 2 года назад
Oh yes!
@priiyoo
@priiyoo 2 года назад
Lol
@abracadabra1394
@abracadabra1394 2 года назад
Hahaha.. .just discovered him today. My new RU-vid hero...
@ackford9583
@ackford9583 2 года назад
It’s not a digital whiteboard. It’s an ipad pro. He’s just really small 😂
@sikanderalishah8999
@sikanderalishah8999 Год назад
😂😂😂😂
@Distech1
@Distech1 Год назад
Perfectly paced video, you hit every single query I had without dragging it out to an hour long video, thanks so much! :)
@JamieYork
@JamieYork Год назад
Glad it was helpful! Thankyou!
@setache3628
@setache3628 Год назад
Thank you Jamie for explaining and breaking it down in such a simple way. You are the best in this property business. 👍
@JamieYork
@JamieYork Год назад
Thank you! I like to try!
@mamemful
@mamemful 2 года назад
Fantastic guy. Really inspiring. Keep up the good work!
@danielnadeem4052
@danielnadeem4052 3 года назад
Honestly have learnt so much from watching your videos. Keep up the good work!
@JamieYork
@JamieYork 3 года назад
Thanks Daniel :)
@mrricharde6
@mrricharde6 2 года назад
Good point about LTD company only working out if you plan on leaving the money in to grow. As a 40% tax payer from a separate 9-5 job if I was to go through a limited company paying 19% corporation tax and then another 32.5% on my taxable dividend payouts I would be worse off than if I just left them in my personal name. Tax on profits works out about 45% equivalent doing this where as I would only get 40% tax owning in personal name. An LLP however offers the expense perks of a limited company but also low mortgage rates of owning personally so seems to be the best option. The other problem with a limited company is the mortgage rates are higher like you mentioned.
@kav1187
@kav1187 3 года назад
I am in this conundrum right now. Great timing once again. Thanks 😊
@JamieYork
@JamieYork 3 года назад
You ask and I deliver
@zeerazaq6755
@zeerazaq6755 3 года назад
Really good video, you are absolutely💯 % right speak to a property accountant and tax advisor. The savings are huge and will compound your growth😀
@greenmanlove1
@greenmanlove1 2 года назад
got to say your videos Jamie are very helpful, thanks
@dreamy665
@dreamy665 2 года назад
Thanks Jamie, your videos help me understand so much :)
@robdavis6144
@robdavis6144 3 года назад
As always. Fantastic video. Very clear and well explained. Keep it up 👍🏼
@JamieYork
@JamieYork 3 года назад
Thanks, will do!
@PA-lf8sd
@PA-lf8sd Год назад
Depends on your situation :) Whatever you choose will be wrong somehow because of the shifting changes over time. For example, keeping houses in a Ltd. was better when you could cream off the dividends almost tax free and not have it all personally collecting under PAYE. Things have changed since I started, and it's almost exactly equal whichever way you do it now. ...and that will no doubt change again over the coming years. My personal tactic was to own enough personally to achieve roughly the £12,500 limit for when I retired, then added more to a Ltd. The rules and tax landscape will shift over the years but the above method seems resilient (12+ years now), so beyond that it's pointless worrying too much about it.
@JamieYork
@JamieYork Год назад
Sounds like a plan, well done
@marcparsons1530
@marcparsons1530 2 года назад
It is a minefield Jamie, thanks for the video. My accountant is a tax specialist and has advised me currently to buy property in my personal name, whereas one of the mortgage advisers adamantly said to buy in Ltd company. I currently am a director of my own business and receive a salary and dividends and using property for my retirement portfolio. At some point you are going to have to pay tax is probably the most salient point.
@hasask3300
@hasask3300 Год назад
hey mate. is it possible to share the name of your tax sp/accountant? i am looking for one and struggling to find someone decent
@alannock1358
@alannock1358 2 года назад
Just found your channel today. Your advice completely matches the advice received from my company accountant, the difference being, I could understand your version better! My wife is a house person, so her allowance is used to minimise our tax burden. We have three properties let out but we are now mortgage free, both of us are about 60 years old. With our principal home on top, our concern these days are death duties! Perhaps you could do a video on how death duty affects landlords, and the most tax efficient way to leave let properties to our loved ones? I intend to work my way through your videos. Thank you for posting them, you deserve to have many more subscribers. Kindest regards.
@JamieYork
@JamieYork 2 года назад
Cheers Alan! Good luck
@marlonpdavids
@marlonpdavids Год назад
Really informative mate. Keep them coming most people can’t explain this stuff and you are right it all depends. There’s not right or wrong way in my opinion it just depends on youth setup and goals 🙌🏽
@JamieYork
@JamieYork Год назад
Exactly yeah! Thanks for watching mate!
@kikyssp
@kikyssp 2 года назад
So helpful, thanks Jamie!
@BrumGP
@BrumGP 2 года назад
Thanks so much for this video. Subbed.
@amalali504
@amalali504 Год назад
This is great content Jamie. Something not often covered widely, I guess because its not sexy but 100% detrimental & the way we should be approaching property as a business for us aspiring property investors. Its always great when you can walk away from a video with food for thought & actionable plan to consider. Sometime people can skip paying attention to the foundation they're building on. Thank you.
@JamieYork
@JamieYork Год назад
That's exactly it mate yeah!
@declanreynolds6097
@declanreynolds6097 3 года назад
One thing worth mentioning is the flexibility ltd companies give you in regards to tax planning. You could add your wife as a shareholder for example and flex the shareholding’s you a percentage that is more tax efficient. For example if your nowhere near higher rate but your wife is you might want more shares than her. You can sell your company later on when you retired and get £1million pound entrepreneur relief. You can pay yourself a salary through the company which is a tax deductible expense etc. You can pay into your personal pension through your ltd company to wipe out your profit which is tax deductible. Ltd company’s have more flexibility which is what I prefer about them.
@JamieYork
@JamieYork 3 года назад
Well said Declan!
@pascalg1656
@pascalg1656 3 года назад
Multiple tax issues again here Declan. Three of your five benefits are likely to backfire or will not work. Please get a professional to help you.
@declanreynolds6097
@declanreynolds6097 3 года назад
@@pascalg1656 I’d only mentioned 4: - flexible shareholding’s between you and your wife. Exemptions from Capital gains for transfers to your wife/husband. - pension contributions to a maximum of £40k per year each is completely fine. - directors salary’s are completely fine. If 2x directors up to personal allowance is compeltely fine. - potentially something up the entrepreneur relief but not that I’m aware of? Please could you explain?
@David-ue4hh
@David-ue4hh 3 года назад
You won’t get entrepreneurs relief on a business composed of residential properties.
@rigatooflondon97
@rigatooflondon97 Год назад
I heard entrepreneurial relief was not free of tax anymore but pays 10%
@londonmadenb9421
@londonmadenb9421 2 года назад
Amazing video, really clear and detailed
@romeospadre
@romeospadre 3 года назад
Brilliant video mate, very informative and well laid out
@JamieYork
@JamieYork 3 года назад
Glad you enjoyed it
@electraededjo8277
@electraededjo8277 2 года назад
Thanks a lot for this video. Please I need more of this, still deciding what to do.
@JamieYork
@JamieYork 2 года назад
On it 💪
@stephenrandles9248
@stephenrandles9248 3 года назад
Very helpful and educational Jamie keep it up!
@JamieYork
@JamieYork 3 года назад
Glad you think so!
@Techno-Charge
@Techno-Charge 3 года назад
Subscribed, thank you for all the info. Your are a true Guru.👍
@JamieYork
@JamieYork 3 года назад
Thanks for the sub!
@CB-pt2uo
@CB-pt2uo 2 года назад
Can somebody help me ! How can 14 people dislike this video , i just don't understand people . Perfect Vid Mate keep up the good work .
@JamieYork
@JamieYork 2 года назад
Haha, I appreciate that mate. I wouldn’t worry I could do a video just giving away money to people that need it and you’d still get people disliking. I never take it personally
@danaakal-kawari6924
@danaakal-kawari6924 2 года назад
Probably an element of the old green eyed, good work Jamie.
@acxezknightnite1377
@acxezknightnite1377 3 года назад
Thanks for doing this video. Every other video I’ve seen concentrates purely on the 40% taxpayers who are affected by this. Not having anything (until now) that explains it for the 20% taxpayer has been frustrating. This is very clear and succinct. Thank you.
@JamieYork
@JamieYork 3 года назад
Thanks :)
@TaliBradley
@TaliBradley 2 года назад
Another consideration for Ltd Company is the ability to transfer shares to inheritors.
@Linh-rv5dg
@Linh-rv5dg Год назад
yes, Jamie if you see this, please do a video on the pros and cons of inheritance through ltd
@lifeofkiwi8675
@lifeofkiwi8675 2 года назад
Brilliant advice thank you.
@Mirpurmad
@Mirpurmad Год назад
Subscribed: I am at the stage of decision making and even without this video I was tilted towards Ltd. company. there will be some admin of course but its worth it.
@Axiom121
@Axiom121 2 года назад
fantastic video Jamie, youre a great teacher
@JamieYork
@JamieYork 2 года назад
Glad you think so!
@Addy13Gangs
@Addy13Gangs 2 года назад
Great video. Appreciate you sharing knowledge.👍🏼👍🏼👍🏼
@JamieYork
@JamieYork 2 года назад
Thanks addy
@fxbootstraps
@fxbootstraps Месяц назад
Just what I needed. thanks
@andrzejklimek2029
@andrzejklimek2029 2 года назад
Thanks for your work
@stephenwall9036
@stephenwall9036 Год назад
Thanks for a great video. I'm going through the same ltd Vs personal dilemma. Food for thought...
@JamieYork
@JamieYork Год назад
Glad it was helpful! Best of luck!
@rockdog7323
@rockdog7323 3 года назад
Great video. Just in process of purchasing my 8th property. Was considering Ltd Co but your simple outline of advantages has helped make my mind up. BTL. The only business that can’t claim back business costs. Unbelievable. How did gov get away with it 🤷‍♂️
@JamieYork
@JamieYork 3 года назад
Glad it was helpful!
@PA-lf8sd
@PA-lf8sd Год назад
"The only business that can’t claim back business costs." What...? My BTL company claims back every "business cost". I also claim back every "business cost" from my personal properties too.
@sulemanmd
@sulemanmd 2 года назад
Skip to 04:57 and sums it up in those 4 seconds from there. Love this Jamie. Rock solid foundations.
@JamieYork
@JamieYork 2 года назад
Thanks bud. Glad you got value
@sulemanmd
@sulemanmd 2 года назад
@@JamieYork could you please let me know if I qualify for that Colchester HMO deal you have on at the moment. I have been trying to see if I can get this for my ltd company.
@1evilpie
@1evilpie 3 года назад
Great video. I'm a Company owner anyway and 40% tax payer but it was still ridiculously difficult to work out whether an Ltd. was best for my houses ( I only have 4). In the end it was so marginal I just went for the Ltd. as it definitely swings that way if I buy a few more houses. One thing that works nicely for me is lending personal money to the Ltd and charging 4% I get taxed on that as an income but it's an expense to the Ltd so doesn't get hit with corp tax. Another thing people don't realise is how much more expensive legal fees get when you obtain a mortgage through an Ltd. I've had to pay for three solicitors with some lenders, one for my Company, one for the lender and another (who can't be the same one) to advise me personally whether I should lend my own money to my own Ltd!!! Crazy!! Anyway thanks again for the video, wish I'd seen it about 3 years ago haha....
@JamieYork
@JamieYork 3 года назад
Sorry I couldn't release it sooner!!
@TokShogun
@TokShogun 2 года назад
Why do you charge interest on the loan? doesn't that mean you save paying 19% corp. tax to then pay 40% income tax which leaves you worse off?
@1evilpie
@1evilpie 2 года назад
@@TokShogun The other way to take the money out would be dividends which are subject to 32.5% tax after you've paid your 19% corp tax 40% tax on the interest leaves you with £60 out of every £100 19% corp tax and then a further 32.5% dividend tax leaves you with £54.68 out of every £100
@josueneto3
@josueneto3 2 года назад
@@TokShogun if you loaning to your ltd company, and then the company pays you back, isn't that tax free, since the money you put in is personal and so taxed already? So you should only pay tax on your interest gain? If i open a ltd company now and put my personal money in there for the 1st deal, if i want to take it out after do I have to pay tax on it again once it arrives to my personal name?
@flightsimcentre9244
@flightsimcentre9244 2 года назад
@@josueneto3 that would be a directors loan
@semothecoolk9
@semothecoolk9 2 года назад
amazing video dude !
@orchidlady14
@orchidlady14 2 месяца назад
Concise and helpful. Subbed😊👍👍
@JamieYork
@JamieYork 2 месяца назад
Thanks for the sub! Welcome aboard 👍
@sadikicole3444
@sadikicole3444 2 года назад
Fantastic video, I worked this out last year
@JamieYork
@JamieYork 2 года назад
Boom! Well done 💪
@DanielDeLacey
@DanielDeLacey 3 года назад
Evening Jamie thanks for your direct, educational content. It’s really helpful. Can you do a video on the First Home Initiative for key workers due out today 4th June please?
@JamieYork
@JamieYork 3 года назад
Great suggestion!
@aurorekwedi
@aurorekwedi 2 года назад
Love you video and how you simplify the process. You have a nez subi
@JamieYork
@JamieYork 2 года назад
Thank you so much!
@nellyfaber2956
@nellyfaber2956 2 года назад
Great video!
@jameshowell-jones2164
@jameshowell-jones2164 2 года назад
great video! thanks
@WarrenBennettUK1969
@WarrenBennettUK1969 Год назад
Really helpful, I've both company and personal and wondered with the rises in interest if i should move the personal ones across to the Ltd Co however keeping a couple personally might be best for retirement. Many thanks Jamie
@JamieYork
@JamieYork Год назад
Think long term not short term :)
@balazsrepasi8035
@balazsrepasi8035 Год назад
That was so useful, thanks
@JamieYork
@JamieYork Год назад
Glad it was helpful!
@matthewcolledge4880
@matthewcolledge4880 Год назад
This guy is amazing!
@JamieYork
@JamieYork Год назад
Ah thanks bud!
@stevew3226
@stevew3226 Год назад
Nice advice bud, thanks :)
@JamieYork
@JamieYork Год назад
No problem 👍 Thanks!
@anand1kenobi356
@anand1kenobi356 4 месяца назад
Great video, thanks.
@JamieYork
@JamieYork 3 месяца назад
Cheers mate! Thanks for watching! 🙌
@jamesandrade3671
@jamesandrade3671 Год назад
One consideration to make here is leveraging debt when your property(s) increase in value. In your personal name you can do this without paying tax. In a company this is viewed as profit/taxable if it’s not reinvested before year end. Equally if you were to try to move that money outside of the company it would be taxable.
@AMIsmail22
@AMIsmail22 2 года назад
Great video thanks for sharing 🙏🏽
@JamieYork
@JamieYork 2 года назад
Glad you enjoyed it
@AMIsmail22
@AMIsmail22 2 года назад
@@JamieYork I want to star property business hopefully end of next year I will be definitely willing to take your education package because you already educated me a lot thanks 🙏🏽
@Kamaltweet
@Kamaltweet 3 года назад
Spot on. 👍
@JamieYork
@JamieYork 3 года назад
Thanks :)
@duttontube
@duttontube 3 года назад
The examples here are good, but they don't factor in day to day expenses - need to consider maintenance and lettings management. Your profit is actually a lot less than the examples shown, but still an important lesson in income Vs expenses Vs taxes. As Jamie says, independent accounting and tax advice is super important.
@JamieYork
@JamieYork 3 года назад
Hey James, You're 100% right. This video could easily be to be over an hour so we wanted to make sure we the basic theory is there :)
@PA-lf8sd
@PA-lf8sd Год назад
Lettings management - £0. Never ever used an agent in 10 years. They're all bloody useless and you make far less money for no service. For example, they wanted £50 (10 years ago this was!) for a new key if they were managing it. Told them to sod off and managed them all myself. If you get a letting manager, you're paying commission every time they find a let and if there's an issue they still bother you with it (or they charge a bloody fortune to sort it for you). Manage it yourself, accept you're making nowhere near what you could, or forget BTL altogether.
@MarzellCrypto
@MarzellCrypto 2 года назад
great video mate very helpful
@JamieYork
@JamieYork 2 года назад
Glad to hear it
@slavmarin7827
@slavmarin7827 8 месяцев назад
thank you Jamie!
@JamieYork
@JamieYork 8 месяцев назад
You are so welcome!
@willhigson648
@willhigson648 11 месяцев назад
The man is spot on here. I had to read a very dry property tax book 5 yrs ago to get the info that Jamie supplies here in 10 mins so now I know he’s legit. 👍
@JamieYork
@JamieYork 10 месяцев назад
Glad it was helpful! There is nothing more dryer than a tax book!
@davidriley1572
@davidriley1572 3 года назад
Great video Jamie, Just a quick note, Dividends are 32.5% higher rate and 38.1% Additional ;o)
@JamieYork
@JamieYork 3 года назад
My man 💪
@krismalde7994
@krismalde7994 2 года назад
Thanks for this. Very knowledgeable. One question - you didn't address the CGT implications. Any advice on this please.
@j9network78
@j9network78 2 года назад
Thanks very much for these tremendous videos Jamie I think you advice is really solid. One thing I found inconsistent though in this particular video was your suggestion of £700 mortgage against £1000 rent. I wasn’t sure why you estimated mortgage at such a high percentage against the rental income. You equated this at 70% but in the past few years typically would be nearer 30% I was just wondering why you had shown the mortgage cost to be so high in this example? Many thanks
@JamieYork
@JamieYork 2 года назад
It’s not realistic at all. Just to have it as a comparison metric on the tax :)
@beverleysmith3629
@beverleysmith3629 3 года назад
What about leaving property in your name to family members by will? Is there a benifit to your elected beneficiaries, by putting property in a company? Or What would be the benifit of distributing shares in company to family before dealth? And what about lending money to a company? Or lending money from one company to the other?
@helenlockwood5082
@helenlockwood5082 2 года назад
I'm a 20% tax payer buying my second buy to let with some premium bond money and savings i have. Im buying in the NE with no mortgage. After watching your video i'm going to keep to no more than 3 properties in my personal name. Im 10 years off my state pension so should own them outright by then.
@foreverhappy68
@foreverhappy68 2 года назад
Great video👍
@JamieYork
@JamieYork 2 года назад
Thanks 👍
@glostergloster6945
@glostergloster6945 Год назад
One other tip for those who DONT want to put property in a company, and are married or in a civil partnership AND one partner is in a lower tax bracket, is to put the property in joint personal names, that way the property income is taxed separately per individual, and you pay less tax on one half of the income.
@JamieYork
@JamieYork Год назад
Whatever works best for you! Sure thing!
@MasonsWorkshop
@MasonsWorkshop 3 года назад
Great Video, very clear and informative. An easy subscribe from me !
@JamieYork
@JamieYork 3 года назад
Thanks :)
@matthewhunty
@matthewhunty 3 года назад
@jamie Maybe you could do a video on how much extra profit you’re making since you remortgaged your existing houses to a lower rate. The government is doing a tax grab on this profit. I think it’s very unfortunate the new landlords are caught up in this.
@JamieYork
@JamieYork 3 года назад
Great suggestion!
@rosiewang5920
@rosiewang5920 3 года назад
I’d say the difference is marginal as what you saved on tax would go to lender’s pocket due to much higher interest rate and fees for LTD. Whilst LTD gives you the flexibility about when to withdraw the profit, personal ownership gives you the flexibility on how to use the property, i.e. you could switch to a residential mortgage and live in there or pass it to your children someday. It all depends on personal circumstances and the property you are buying.
@PA-lf8sd
@PA-lf8sd Год назад
You can pass on company-owned property to your children. My tactic was always to be frugal with dividends and salary (only ever up to the higher tax ceiling), build up the profits in the company and then loan it to my property company which then bought property in cash. Then you don't need to worry about lenders trying to tell you what you can and can't do, and the interest rises are of no concern to you.
@rlc2978
@rlc2978 Год назад
Would be interesting to have inheritance tax consideration on transferring your property company to your beneficiaries/kids?
@babybambi8389
@babybambi8389 6 месяцев назад
Excellent video
@JamieYork
@JamieYork 6 месяцев назад
Thanks for the visit 🙌
@krupeedan
@krupeedan Месяц назад
What if you are you not buying buy-to-lets and only flipping houses? Love your channel btw!
@ryanwollacott8205
@ryanwollacott8205 3 года назад
Can you buy first few properties in personal name and then when you get to point of being close to that 40% bracket any future properties you buy in LTD company? Also I would say difference in rates more like 1% and way higher arrangement fees for LTD.
@MRW515
@MRW515 2 года назад
I am just starting on the property investment journey, I will have two properties in 6 months, and I am wondering if I should own one, just to have a small but regular income and also create a limited company to build up a property portfolio.
@pepperpeterpiperpickled9805
@pepperpeterpiperpickled9805 2 года назад
Your videos are great, mate. So if I buy a property in my companies name, im personally financially liable for it BUT if someone sues my business, I could lose the property? Can you do a video on how to set up a Cayman Island account?
@hellojoealexander
@hellojoealexander 3 года назад
Great video as always, thanks Jamie. Would be keen to know your thoughts on investing in property vs paying off the mortgage on the house you live in? ie, if I have 50k sat in the bank does it make sense to invest that in a 2n property if ive still got a big mortgage on my own home or is it more sensible to get that mortgage paid off first? thanks as always
@JamieYork
@JamieYork 3 года назад
Hey Joe check this video out and it might give you some clarity ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-OwsM0MBQvfU.html
@recardoh
@recardoh Год назад
Thanks Jamie
@JamieYork
@JamieYork Год назад
Thanks for watching!
@this_is_yourlife_journal
@this_is_yourlife_journal Год назад
Brilliant thank you 😊
@JamieYork
@JamieYork Год назад
You’re welcome 😊
@bakieliacik5949
@bakieliacik5949 3 года назад
Thanks Again .
@JamieYork
@JamieYork 3 года назад
You're welcome Baki :)
@afarongordon
@afarongordon 2 года назад
13:25 the moment you said 37.5% dividend tax my face dropped LOL
@eloisebevan1316
@eloisebevan1316 3 года назад
Hi Jamie, Great video yet again loving your content at the moment it is very helpful to me on my property journey! I have one question, at around the 6 minute mark where you talk about 20% income tax bracket before and after the new policy, and wrote £720 NETT before and after, is this actually the taxed amount, and £2880 would be the NETT before and after for this bracket? :)
@JamieYork
@JamieYork 3 года назад
Thanks Eloise! Great spot… I screwed up 😂
@brettsterlini1350
@brettsterlini1350 2 года назад
@@JamieYork big time😂
@naq5339
@naq5339 Год назад
thanks god I found this comment. I just calculated many times and even changed a calculator to check the numbers
@kamelitani7878
@kamelitani7878 Год назад
Am glad someone brought this up! Spent the last half an hour repeating my calc😅
@alisavas9526
@alisavas9526 3 года назад
Very informative! I thought the biggest advantage of Ltd. was that you make yourself MD and get salary. Yes, you pay income tax but it's expense for Ltd, tax deductible so net hurt is the difference of income tax and corporation tax.
@David-ue4hh
@David-ue4hh 3 года назад
Correct. The video completely ignored the fact that there are two ways to take an income from a limited company - salary and dividends to shareholders. He also ignored the different treatments of capital gains when a property is sold - properties held in a company until recent years can claim inflation relief on gains. He ignored that company held bigger properties have to claim an ATED (Annual Tax on Enveloped Dwellings) exemption or face huge fines. Companies have the advantage that they can make bigger contributions to a directors pension scheme. The list goes on and on…
@whome5810
@whome5810 2 года назад
@@David-ue4hh How do you get an Annual Tax on Enveloped Dwellings exemption? I know if you let it to a 3rd party on a "commercial" basis that you don't have to pay the tax, but would a BTL with residential tenants in it qualify for the exemption?
@whome5810
@whome5810 2 года назад
@@David-ue4hh Hi David, I see you replied to my question about ATED exemption, thanks very much for that. Unfortunately your comment has disappeared, would you possibly be able to re-post it? Thanks very much!
@Bbbbbbcd
@Bbbbbbcd 3 года назад
I’ve started watching these as I really want to understand it all 🙈 I am a beginner 👍🏻
@JamieYork
@JamieYork 3 года назад
You can do it!
@jackpilkington6770
@jackpilkington6770 3 года назад
Love it
@JamieYork
@JamieYork 3 года назад
Thanks :)
@thedoggsound6653
@thedoggsound6653 3 года назад
Very useful content mate. U doing great job educating ppl. Do you do any stock investments at all?
@JamieYork
@JamieYork 3 года назад
Yes I do
@thedoggsound6653
@thedoggsound6653 3 года назад
@@JamieYork any cryptos? You are fully diversified then... Mr york knows the game
@cliftonsmith
@cliftonsmith 3 года назад
Good video👌
@JamieYork
@JamieYork 3 года назад
Thanks :)
@ciaran4060
@ciaran4060 2 года назад
Great video, one question... What if your living in the Middle East, Qatar or Dubai for example, and you buy property in Uk but are a non tax resident? How would that work??
@yy5123
@yy5123 Год назад
I happened to come a cross your video, it’s honest and amazing, I have subscribed to your channel. By the way where I can buy digital white board from?
@JamieYork
@JamieYork Год назад
Thanks for subbing! The board is great isn't it! Its a SAMSUNG FLIP, Its deffinatly worth the investment!
@mattydiz199
@mattydiz199 3 года назад
Pls do more vids on 20% thanks Jamie 👍
@JamieYork
@JamieYork 3 года назад
You got it!
@AAA19999
@AAA19999 2 года назад
Thank you for the great video. I have invested in BTL in my own name before article 24, so have reduced profits currently; thinking of investing more - wondering if using a limited company can the profits kept within the company be used to pay off the outstanding balance on the property or repairs or buying new properties and avoiding dividend tax ?
@PA-lf8sd
@PA-lf8sd Год назад
Course it can. Expenses thru property are still expenses. If the company doesn't pay dividends and puts it towards property (owned by the company, not you!) then there's no dividend tax to pay.
@ukvibe
@ukvibe 3 года назад
Loved this video, Being on the lower tax bracket and on a salary within the range you mentioned near the end I think i'll opt for personal, but would it be an issue start with personal getting up to the new tax levels then starting the company and having them split, so X amount in personal and any new ones in the company?
@shaaddhillon3819
@shaaddhillon3819 2 года назад
I think that's a good idea and precisely what I am I tending to do myself.
@PA-lf8sd
@PA-lf8sd Год назад
That's exactly what I did. Makes perfect sense to me. If you have a one or two personally then you can earn the £12,500 tax-free income when you retire and choose to pay yourself from the company whenever you feel it's necessary, and you can also not pay yourself dividends if you're comfortable and don't need the money (or the tax hit). If you get to retirement and you're paying "too much" tax and there's not much you can do about it, then don't worry - you're probably in a pretty decent position :)
@derin111
@derin111 2 года назад
Thanks for the video. What if you have no mortgage on your buy to let property? Therefore unaffected by Section 24? I’m also possibly going to be in a position to buy another buy to let without borrowing. I’m so confused as to what to do. 😔 I’m retired at the age of 59 currently btw.
@matthewedmondson2713
@matthewedmondson2713 3 года назад
Thanks for confirming my own thinking. I would be a HRT payer if it wasn't for substantial pension contributions. Currently buying in personal name and offsetting it with making higher pens contributions (keeping me lower rate!). Essentially this makes my day job less and less important going forward, to the point I'll literally need to quit to keep me lower rate. It'll be company properties from that point forward. Brill channel.
@pj0179
@pj0179 3 года назад
That's a great idea until you hit 40k yearly contributions.
@matthewedmondson2713
@matthewedmondson2713 3 года назад
@@pj0179 correct
@JamieYork
@JamieYork 3 года назад
Thanks Matthew! You've been watching for a while so thank you!
@PA-lf8sd
@PA-lf8sd Год назад
This is where Ltd. comes in. You can choose to pay yourself or not if the money is sitting in a Ltd, or do other things with it. Gives you more options. I'm currently pounding my pension allowance (£180K this year as I've never contributed until now) from my company in order to avoid Corp Tax, so pensions work whether personally-owned or company-owned :)
@PA-lf8sd
@PA-lf8sd Год назад
@@matthewedmondson2713 Except when you haven't contributed for 4 years :D I'm planning to only do 2 more years of work so it's time (all being well, touch wood) to pump up the pension by about £120K this year, put the full allowance in next year, tour the world for a year after that and then put my feet up for a few years until I can access the SIPP. I'm one of those that the govt says should go back to full time work yet they actively discourage me by raising every tax I pay, so I've decided to do the opposite of what they want and retire altogether. I think the OP is thinking along the same lines for his future, and I wouldn't discourage that for a second.
@saqibusman2849
@saqibusman2849 2 года назад
As a long term investment, please advise the implementation of Capital Gain tax and inheritance tax..many thanks
@aminislam9150
@aminislam9150 3 года назад
Hi Jamie! Hope you are well my friend. This was a brilliant video and was waiting for a video like this. I was thinking of creating acompany but the dividend tax is a problem. Long term I can see a shortage of houses for rent and generally rent going up.
@JamieYork
@JamieYork 3 года назад
Sounds like we're in the right game then!
@philipfoyn6700
@philipfoyn6700 3 года назад
Jamie, you have landed on my doorstep at the perfect time. Very informative videos, have subscribed…and look forward to joining the journey.
@andrewgalloway9766
@andrewgalloway9766 Год назад
worth considering and looking into inheritance tax and wealth transfer when using a ltd co more acuratley a smart ltd co where the future beniffisarys of your estate become shareholders
@JamieYork
@JamieYork Год назад
Very smart approach!
@ss-cl4rr
@ss-cl4rr 2 года назад
Excellent
@JamieYork
@JamieYork 2 года назад
Thank you so much 😀
@SuccessWithSiama
@SuccessWithSiama Год назад
😍 Thank you
@JamieYork
@JamieYork Год назад
You're welcome 😊
@mattvanders
@mattvanders 3 года назад
Question, I’m currently living in a flat that I own with my name on the mortgage but am in the process of buying a house to live in with my other half which will have both our names on the mortgage. I’m just below £50k earner, she is just above. First off because I already own the flat would. Have to sell the flat to the ltd company (would would add to the cost of things)? Secondly, we were not planning to be a property tycoon, it’s just we’re flat prices have taken a dip we don’t think it’s worth selling at the moment so thinking of seeing what the market does and either sell before 3 years (to get stamp duty back) or keep it long term, is it worth going down ltd route?
@farooqahmed8658
@farooqahmed8658 2 года назад
Good video, can you make a video on beats to transfer properties from personal name to Ltd company the cheapest way.
@PA-lf8sd
@PA-lf8sd Год назад
There is no cheapest way. It's just a regular purchase from you to your company. You have to get 2 separate solicitors and pay Stamp Duty on the purchase, and maybe CGT on the sale.
@Bestofthebest383
@Bestofthebest383 2 года назад
Why people than keep saying that you can’t have more than 1 property under your name . Thanks for clarifying it . I am in my 30 and will go for personal definitely, no planing to have more than 3 properties
@jamieerst
@jamieerst 2 года назад
Another great video... thankyou... im a 40% tax payer, but my wife was recently made redundant, she doesnt need to work so i considered moving my 1 rental property into her name fully and expand my portfolio that way.. i have a decent amount of capital to commit to 5 or 6 houses now but i just dont know if we should setup a ltd company now
@PA-lf8sd
@PA-lf8sd Год назад
If you're in the UK then "moving my 1 rental property into her name" would mean employing 2 different solicitors (one for you, one for her) and paying stamp duty on it (because it's not your main home). Makes more sense to just transfer some of your wodge of cash to her and get her to buy one.
@KDT_research
@KDT_research 2 года назад
Great stuff! What about STMD? Do you still pay for it when going via the ltd?
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