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Updated almost 10 years ago, 01/20/2015

John Wilson's profile image
John Wilson's profile image
John Wilson
  • from clare, munster
  • Member since Dec 11, 2014
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User Stats

14
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4
Votes
John Wilson's profile image
John Wilson's profile image
John Wilson
  • from clare, munster
  • Member since Dec 11, 2014
Connect
John Wilson
  • clare, munster
4
Votes |
14
Posts
Starting Out

Switching from Sole trader to PLC

John Wilson
  • clare, munster
Posted

I am in the process of buying my 1st property but i have a hit problem on the tax front.

I am currently a sole trader and if i buy the house a rent it i will go over my tax band and have to pay 52% on the rental income?

my question is i guess when going forward with building a good portfolio is it better to be set up as a plc

regards John

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