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Buisness vehicle/ reduce tax liability

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  • Buisness vehicle/ reduce tax liability

    We are considering taking the leap and venturing into the world of property development. With £200k cash behind us and a good understanding of development (day job but for someone else), would someone advise on the best buisness vehicle to enable capital growth (subject to us making a profit) and limit the tax liability. The first 3 years no salaries will be taken out of the company, but from then on salaries would be taken. Is it best to set up a Ltd co.??

  • #2
    Speak to a good accountant about this - a lot of tax rules have changed recently, so you'll need to get these straightened out first.

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