FHL: Limited Company BTL perfectly safe vehicle
Foundation Home Loans’ Commercial Director, Simon Bayley, responding to concerns about extra taxation of landlords who used a Ltd Company vehicle for their BTL portfolios made by a speaker at the ASTL annual conference, said that if there was a better advertisement for using a good accountant, he had yet to hear it.
He commented, “Frankly the comments made by the speaker were a great advert for accountants but also another misleading headline maker sending out a negative message to landlords at a time when this is a well proven method of mitigating some of the extra burden of taxation that has hit the industry in the past twelve months.
Of course, taking the extreme example used by the speaker, a landlord might indeed have an issue, but that is why taking good advice is so important. I think the industry would appreciate that if experts are going to pontificate about the possible pitfalls, at least they could prepare a rounded argument to ensure proper balance rather than just a crude way of creating alarmist headlines.”