I'm considering purchasing my first buy-to-let property; how heavily should Section 24 influence my choice between buying in my personal name versus setting up a limited company?
Quick Answer
Section 24 is a critical factor for BTL investors. It removes mortgage interest tax relief for individuals, making limited companies generally more tax-efficient for new purchases, especially with higher borrowing.
About This Topic
Section 24 heavily impacts BTL tax. Learn if a personal name or limited company is best for your UK property investment, considering mortgage interest relief & tax rates.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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