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Set up a Ltd. Company or stay as is

  • 07-01-2024 8:44pm
    #1
    wildwoodtown
    Registered Users, Registered Users 2 Posts: 1 ✭


    Hi folks,

    I currently work full time but also have a few additional properties and am looking to purchase a couple more.

    Would I be better to set up a Ltd company to reduce my tax liability. I don’t intend on selling the properties and will hopefully leave them to my kids. Would a Ltd Company set up be better both for now and for later in life ?



Comments

  • #2
    Buddy Bubs
    Registered Users, Registered Users 2 Posts: 4,468 ✭✭✭Buddy Bubs


    You are deep into getting proper professional advice territory with numerous properties. There is no one size fits all answer to that



  • #3
    DFB-D
    Registered Users, Registered Users 2 Posts: 418 ✭✭DFB-D


    https://www.boards.ie/discussion/2058330152/set-up-a-ltd-company-or-stay-as-is

    A Ltd is actually less efficient to deliver investment income/gains to the shareholders.

    Far too many variables to cover, but for most investors, you will be more tax efficient retaining ownership in your own name.

    But talk to a tax advisor about future planning for your successors, you might be able to structure a mix of property in your own name, trusts or in your children's names to maximise after tax income.



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