25 June 2026·8 min read
Limited Company or Sole Trader for Your STL Post-FHL? The Arithmetic Has Shifted
The abolition of the FHL regime has moved the tax gap between running an STL as a sole trader and running it through a limited company. For portfolios of any real size, the Ltd route now saves more tax than it did under the old regime - but the transition costs are real and the fit depends heavily on your borrowing structure.