If you’re interested in buying property then you should consider talking to a property tax specialist. They can help you deal with your pre-tax money so you can save before it becomes taxes that are gone forever. You can’t just use your already limited company for making these property purchases because you are already trading with it. You’ll have to set up a new business for most mortgage companies to want to lend money for the cause.
- One of the great things about having a limited company is that there are lots of expenses you can legitimately offset through the business.
- If you use one of the rooms in your home, you can obviously put that through your business as well and get a bit of a deduction for the household costs.
- It’s really good to pay for as much as you possibly can from the business’ pre-tax profits instead of post-tax income which is when it’s in your pocket.
“So even if you have a business already related to your employment, you might need to set up a separate investment business.”