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The Property Podcast

ASK144: Can I buy my home through a limited company? PLUS: Will my plan to avoid stamp duty work?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 10 July 2018

⏱️ 5 minutes

🧾️ Download transcript

Summary

It's time for another couple of questions in this week’s edition of ‘Ask Rob & Rob’, Steve & Haseem ask Rob & Rob... Can I buy my home through a limited company? PLUS: Will my plan to avoid stamp duty work?... ASK YOUR OWN QUESTION TO ROB & ROB! Don't be shy! All you need to do is leave a message with your name and whatever's on your mind. Just pick up the phone and call 013 808 00035 (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob.

0:08.0

Howdy everyone and welcome back to Ask Rob and Rob where you ask us questions and we give you answers

0:13.8

same format every week you kind of know it by now

0:16.0

and also the way you get involved is pretty easy too if you've

0:18.8

listened to a few of these but we'll remind you just in case. Yeah you should know this, but it's 013, 808,00035.

0:26.0

That's 013, 808,00035.

0:28.0

Leave us a voicemail or go over to the Property Hub.

0:31.0

Dot net slash Ask, leave us a message that way instead.

0:34.8

Okay, let's have a listen to our first question today.

0:37.2

This one is from Steve in Bristol.

0:38.8

Hey guys, it's Steve from Bristol.

0:42.1

I'm just calling, I'm wondering if it's possible to buy your

0:45.1

primary residence through a limited company or not. That's the structure I'd like to have, but I

0:50.0

don't know whether you can actually still get the stamp duty savings if you buy it through a limited company.

0:53.8

Okay, thanks very much. Bye.

0:55.2

Okay, Steve. Is it possible? Yes, but probably not easy because most limited company mortgage lenders

1:01.9

are probably only going to want to lend to you for

1:04.1

investment purposes and not allow you to live there.

1:07.2

So there's probably going to be a restricted range of financing for you.

1:10.3

However, the bigger question is why would you want to?

1:13.2

The advantage that you seem to have spotted here is a stamp duty saving,

1:16.4

but actually, swerving the extra stamp duty is not that easy.

...

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