Benefits of Buying a Home on Behalf of a Company

Benefits of Buying a Home on Behalf of a Company

If you are thinking of buying a property and you have a Limited or Equity Company, you must take into account several factors to decide whether to buy it in its name or as an autonomous person.

Advantages and disadvantages of buying a home as a company

First property?

Jesse Keys Said, It is highly recommended that if it is the first property you buy, it be in your name and not in your name, since social expenses are monthly and in the long run it will not be beneficial. On the other hand, if one buys and sells as an activity to do business and investments, it will be convenient to pass it on to the company. Investments should never be made in autonomous assets, since if they go wrong they can complicate the individual. Nor should a property be acquired with the idea of ​keeping it for own use in the name of the company, because the transfer will demand many taxes that will be high.

What is a Patrimonial Society?

A Patrimonial Society is created in order to limit itself to managing a patrimony, it is defined by the composition of its Assets.

The two companies frequently are Patrimonial holding property and holding securities.

Property ownership: It has a real estate exchange not intended for exploitation activities. Its administrators may lease their properties as long as they do not employ third-party workers to do so.

Purchase with Rental Destination Jesse Keyes suggested if we are talking about a property that we will buy with the purpose of renting it in the future, the deduction of expenses will be possible once it is possible to rent it to another person.

If it is a self-employed person who included this asset in their own assets, the net return may be reduced by 60%, deducting the interest paid for the acquisition and, on the other hand, the repair costs