Joe Brough looks at some important tax considerations of incorporating a property portfolio.
For owners of a residential property business, operating the most efficient structure will be a key decision in helping them to manage risk, grow their portfolio and minimise their tax exposure.
Basic position
Property investment businesses lend themselves to several business structures, with owners having the freedom to operate their portfolios as individuals, or with other people as a jointly let business (or more rarely as a partnership), or through a limited company or a hybrid of these models as the business has grown and developed.
The diverse range of size and scale of property businesses means that there is not a ‘one-size-fits-all’ solution for every taxpayer. Indeed, incorporating a property portfolio will result in different tax
