- posted 6 years ago
Hello. I'm considering buying a property to rent out, using a mortgage. The thought occurred to me that if I set up a limited company and have the com pany buy the property, it puts some distance between my own personal financ ial affairs and those of the property. Specifically, what I am thinking abo ut is the eventuality of interest rates shooting up and finding myself in a position in which the rental property becomes unaffordable. Is it better, in terms of preserving my personal financial status, to use a limited company vehicle for this enterprise, or does it make no difference ? What about rental income; are there significant consequences in respect o f taxation on money made? Cheers. Terry.