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+--- Thread: Property portfolios (/Thread-Property-portfolios)
Property portfolios - Beertjie - 15-11-2005
Anyone doing this? How do you avoid Income tax???
We fall under property trading and so have to pay income tax, would prefer to pay capital gains tax. Anyone know a good way round this?
Property portfolios - dudette - 15-11-2005
I may be wrong, but have you considered making a Limited Company? I am not sure of the details, but I understand you pay less tax that way ...
Property portfolios - mcamp999 - 16-11-2005
seasider Wrote:You don't pay capital gains tax unless you sell the property. Any rental income you receive would be taxed but as Dudette say's there are ways around that. I believe a good accountant is probably the way forward.
Correct, but you will only be able to limit the tax exposure, not remove it all together.