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Buy to Let Company

Answer
Zahir Mohammed
Posted Wed, 25 Sep 2024 14:48:47 GMT by Zahir Mohammed
Can you confirm if one buy to let property in a limited company is classed as a 'Property investment company' and should be taxed at 25% or can this be classified as trading and use the 19% bracket. This clarity is required for the company information pages.
Answer
HMRC Admin 17 Response
Posted Wed, 02 Oct 2024 07:01:30 GMT by HMRC Admin 17 Response

Hi,
 
Your reference to the 25% rate suggests you believe the company may be a 'close investment holding company',

please refer to the guidance at 'CTM60705', available via GOV.UK.

Whether the company is a 'CIHC' is a matter of fact, you may wish to seek professional accountancy advice to determine this.

Without all the facts, it would not be appropriate for me to comment further here.

Thank you .

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