Indeed.
Have finally finished the not uncomplicated task of placing all the properties into a limited company. Rentals go in as revenue, then I can pull a dividend, means no tax at source and utilises the very low rates of corporation tax as opposed to income tax.

Then my 'salary' is only hit by capital gains tax...way below current rates of income tax. Saves at least 10-15% per year.
( Albert Marshmallow is a completely irredeemable cunt, Thu 28 Feb 2013, 15:45, 1 reply)

Except that they're cracking down on IR35 loopholes and cheap mortgages for limited companies - particularly for buy-to-let - simply don't exist.
And if you have an existing salary then your dividends will be taxed at your highest tax rate. Unless you pay everything into the PCL and take a minimal salary in which case you wouldn't be able to afford the mortgage on your home when the 5 year term ends. But ... again ... I don't want to cry Honda Accord.
( Dr. Shambolic je suis charlie, Thu 28 Feb 2013, 19:04, closed)