Property Company

One way in which a property developer can save tax would be to run their business using a Limited Company.

The most attractive reason for setting up as a Limited Company is the ability to pay tax at more favorable rates then as a soletrader. The profit your business generates would be assessed under corporation tax at just 19% regardless of the profit you make or other income you earn.

Other reaons for operatng a property company

• Limited Liability Protection - separate legal identity / personal assets are protected.
• Greater 'business status' to lenders & customers.
• Flexibility of ownership when expanding the business.

The property sector continues to be an ever-changing environment and here at Elite Financial Accounting we actively monitor the latest HMRC stipulations to ensure you are the most tax efficient you can possibly be!

All of our clients are welcome to visit us for an initial informal chat to discuss their options and the best strategy moving forward.