Closed Accounting & Bookkeeping
Sarah SCOTT
posted on Monday 28 October 2019
expired on Monday 11 November 2019
SN6 8, Watchfield, Oxfordshire
I am just starting out in buy to let rental property purchases, by starting out I am in the advice stage. I intend to buy the first as a cash purchase and once rented successful look to have this property mortgaged and use that capital to purchase a further property. I hope to have 3 or 4 properties in total. I am looking for advice in how to set myself up; self employed or limited company, mortgage in my name or both mine and my husband (it is both of our capital that will be used to make the first purchase), self assessment or use an accountant, if using an accountant estimated costs involved. Is it more cost effective to have everything in my husband's name as he is medically retired so only just hits the personal allowance tax bracket. Anything else that is pertinent when I think of it. Thanks in advance for taking the time to read and (hopefully) respond. Sarah SCOTT
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