Rise in numbers of landlords going btl ltd

A new survey by commissioned by Precise Mortgages suggests that 42% of landlords adding new properties to a portfolio of four or more properties in the next year will do so under the umbrella of a limited company, with London landlords the most likely to incorporate. No mystery as to the reason… a limited company is a way of holding on to mortgage interest tax relief. (It does, however, add another level of taxation between the tenant and landlord.) More here.