I'm looking to buy my second buy-to-let property with my partner (both higher-rate taxpayers). Post-Section 24, are there any *legal structures (e.g., limited company)* that genuinely offer significantly better tax efficiency than individual ownership for our specific situation, considering associated costs and administrative burdens, and what's the break-even point for making such a switch?
Quick Answer
A limited company structure often provides genuine tax efficiency for higher-rate taxpayers after Section 24, allowing mortgage interest relief, though it involves set-up costs and Corporation Tax.
About This Topic
Higher-rate taxpayers buying a second BTL post-Section 24 can use a limited company for tax efficiency. Get full mortgage interest relief and potentially lower 19-25% Corporation Tax rates for new purchases.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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