Rented Property held within a Limited Company

Jaffacake
Jaffacake Registered Posts: 6 New contributor 🐸
edited 12:14PM in AAT member discussion
Wondering if anyone can help on this one, I've got a prospective client who has purchased a property to rent through a Limited Company. Would I be able to file the CT600 via the joint filing service, or would the Limited Company be classed as a property management company?

Comments

  • burg
    burg Registered, Moderator Posts: 1,425 mod
    Not sure about the joint filing service as I use software. However, there are lots of things to consider with a residential property (if it is residential) within a limited company. To save repeating what others have said have a look here http://www.accountingweb.co.uk/anyanswers/question/can-i-purchase-residential-property-my-ltd-company
    Regards,

    Burg
  • Fingersan
    Fingersan Registered Posts: 84 Regular contributor ⭐
    Hi Jaffacake
    What you seem to have is a property investment company, which should be fairly straight forward. My understanding of a property management company is a company set up to look after service charges of say a block of flats or residential estate, which is quite common for new(ish) builds. These are a little more complex as the FRC's views keep changing on how to report for them.
    Hope this helps.

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