Sarah Bradford looks at the advantages and disadvantages of possible structures for rental property businesses.
When setting up a property business, one of the first decisions that has to be made is how the business should be structured. There are various options to consider, including an unincorporated business, a property partnership, a limited company or a limited liability partnership (LLP). As with most things, there are advantages and disadvantages to each. The trick is to find the structure that works best for your particular circumstances.
While this article focuses on the tax implications of each, the non-tax considerations should also be borne in mind. As ever, it is important to not let the tax tail wag the proverbial commercial dog.
Unincorporated property business
Most property business are unincorporated
