Hi I have one BTL in a LTD company. I am about to file the first year return next month. I thought I did not pay tax until I got the money back what I loaned the company for the deposit have I got this wrong thanks in advanced
Hi
The business will be liable for corporation tax on the profit for the year which would be payable on an ongoing basis. You will then personally pay dividend tax when you take an income from the company other than repayment of any loans you made to business.
Best to let your accountant explain