Setting up a company to manage my own properties – is it worth it ?Make Text Bigger
I have 6 properties, some jointly owned with my wife, a couple with my sister. I do most of the day to day management, with two managed by agents.
I’m toying with the idea of setting up a service company to manage the properties and charging say 15% to 20% of gross rent to do so. My thinking is I can then take this income as dividend and thus reduce overall tax.
I have two questions….
1) would it be legal ?
2) is it worth it ?
Having looked at other discussion boards the issue get readily confused with transferring ownership to the company. At this point I’m NOT looking at doing it – though I may look at that in the future.
Thanks in advance
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