The Property Podcast
ASK473: Can I deduct my own management costs? PLUS: Is it time to buy in Dubai?
Apr 22, 2025
This week’s discussion dives into property management strategies, exploring whether managing personal properties through a limited company can enhance profits and reduce taxes. The hosts share insights on the potential pitfalls of this approach. Additionally, they tackle the intriguing question of investing in Dubai, covering the buying process and strategies for potential investors in this vibrant market. It's a mix of practical advice and captivating investment ideas!
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Quick takeaways
- Using a limited company to manage personal properties can effectively reduce tax liabilities while emphasizing the importance of self-management.
- Interest in the Dubai property market is largely from overseas investors, while the hosts remain focused on providing UK property resources.
Deep dives
Managing Properties Through a Limited Company
Using a limited company to manage personal property holdings can potentially help reduce personal tax liabilities while providing a revenue stream for reinvestment. To make this arrangement effective, self-management of properties is emphasized, as reliance on external agents could complicate the justification for management fees charged by the company. Furthermore, mortgage lenders may be hesitant to support such arrangements if they perceive additional business activities beyond property management, possibly necessitating the creation of a sister company. This setup can be feasible if management fees remain competitive within the market, generally accepted at around 12 to 15%.
