Over 50,000 buy-to-let companies were set up in 2023

Posted: 17/1/2024

 comp hse.png

Despite a sharp fall in the number of homes bought by landlords in 2023, the number of limited companies set up to hold buy-to-let properties continued to rise.  Last year a record 50,004 limited buy-to-let companies were set up across the UK surpassing 2022’s previous record (48,540) by 3%.

Landlords are incorporating their buy-to-let businesses in reaction to the government changing the rules on finance interest. However, if you are a landlord and are thinking of incorporating an existing property, remember that you will need to pay stamp duty on the current value of the property and you may need to pay capital gains tax depending on what you paid for it. Remember also that of your company makes a profit selling the property at a later stage, there is no CGT personal allowance that you can take advantage of. That said, with the allowances slashed recently, there is little in it. Speak to an accountant or tax advisor. 

Key One Property offer LET ONLY or LET & MANAGE plus GUARANTEED RENT.

*Rent guarantee via insurance backed service. 

Back to News

 Click here for a competitive quote for Landlords Insurance  property-ombudsman NI Tourism Certified Accommodation to Rent