Reduce taxes with our 'Using a Property Company' Tax Calculator

This simple tax calculator allows you to assess the tax bill where you plan to dispose of property that is owned by a company. It will calculate the corporation tax on the capital gain in the company as well as calculating the income tax liability for you on the extraction of proceeds

This TaxCalc allows you to assess the tax implications of a disposal of a property that is owned by a company.

Many individuals own investment properties via a property investment company. This could be for any number of reasons eg:

• to take account of the lower rates of corporation tax
• for asset protection reasons
• because they were advised to do so to take account of the previous nil rate of corporation tax
• to access a company's retained profits and prevent the tax charge on extraction
• because they were badly advised

Whatever the reason once an investment property is owned by a company you need to consider the tax implications on any future transfer or disposal of the property.

There will be two potential tax charges:

The income tax on the above two basis for your inputted amount of profits to be extracted.

What does it look like?

Here's a screen shot of one the pages showing the data entry

To access the 'Using a Property Company TaxCalc' click here