Is it possible to set up your own company to run a couple of houses that you rent out and 'invest' your 7,000 ISA allowance in the company? Using the money invested to buy new properties in time.
If this were possible it would protect you from a lot of the capital gains charges when selling the properties.
Mark BR
I very much doubt it...if you do what you suggest your ISA money would effectively be invested in a stake in the company. The value of that stake would be shielded from tax but the company profits wouldn't be as it is the stake, not the company, that is in the ISA.
The company would still have to pay the usual taxes on its profits, including CGT upon the sale of any property.
What's more, there are rules governing allowable investment types within an ISA...I have a suspicion that unlisted (private) companies are not allowed so you would have to go down the route of getting your company listed first, which would be an extraordinarily expensive way of getting no added tax benefit for your 7K annual ISA investment.
Reestit Mutton
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