Is BTL now only viable as a retirement plan?Make Text Bigger
I have gone round and round on whether to continue with BTL and I keep walking into the 2 same issues:
1 – If I incorporate, tax rates are such that I could only take a small proportion of income (i.e via dividends) as long as I work
2 – If i don’t incorporate, I take an immediate hit to earning through section 24 and this is dramatically exacerbated by the inevitable interest rate rises
Am I wrong? I was planning on quitting work at some point to focus on BTL, but until I do I feel like I’d be investing in a non-investment, which has the risk (if house prices drop) of giving me real problems.
Appreciate people’s views? Have I missed something on incorporation?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.