I have a couple of houses with buy-to-let mortgages. I wish to protect the remaining equity by the formation of an offshore company with complete confidentiality. I am not looking to avoid tax on the rental income but this would be a onus ! Can I protect the assets in this way, legally ?
Offshore company to buy and own houses and other property!
- Thread starter euroinvestor
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Well I don't see what should sop you. It depends of course on the country where you want to buy some property, some countries like Turkey have restrictions so others have. You may check the country of where you want to buy property for what restrictions they may have.
Say it is in Spain and Greece I want to by the property do you think it is a problem? Can I do it with my Seychelles company or must it be a Panamanian company?
Well the Seychelles company registrar nor the government there will prohibit to buy property in any country in the World. It may most often be the country of where you buy the property that may make some troubles.
Btw if he were in the UK they've closed the loophole
you cant buy a property as a company in UK to evade tax
you cant buy a property as a company in UK to evade tax
not sure how it is in the UK, but if you consult a local tax adviser you may figure out that there may be tax benefits if you buy property as a company...for instant in Scandinavia there is some tax benefit 🙂
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