Am going through probate and have inherited a Ltd company in which there is just one rental property (no rental income though as a golddigga got a rent free life interest!). So I have to act as landlord on a lifetime rent-free property.
So this will be a Ltd company that has no money but will incur costs for a number of years. Would i be best keeping the property in the Ltd company, as despite the associated costs (accountant etc) I would only incur 19% corp tax on property gains versus the 28% I would incur as capital gains tax if I closed company and held the property as a personal 2nd home?
Ta
So this will be a Ltd company that has no money but will incur costs for a number of years. Would i be best keeping the property in the Ltd company, as despite the associated costs (accountant etc) I would only incur 19% corp tax on property gains versus the 28% I would incur as capital gains tax if I closed company and held the property as a personal 2nd home?
Ta
Comment