What is a SIC code?
This only applies to limited company property portfolios
Companies House requires every limited company to identify its business activities by using at least one SIC (Standard Industrial Classification) code, up to a maximum of four.
It's important to get your code(s) right otherwise you are likely to experience problems opening bank accounts or obtaining a mortgage.
The common SIC codes used by businesses in the property sector are:
| SIC code | Classification description | Type of business activities |
|---|---|---|
| 68209 | Other letting and operating of own or leased real estate | Typically used by landlords with buy to let rental properties |
| 68100 | Buying and selling of own real estate | For the trading or flipping of properties where they are purchased and sold for profit, not for investment |
| 41100 | Development of building projects | Property developers building brand new properties or converting existing buildings for resale, for example commercial to residential |
| 68310 | Real estate agencies | This category is for sourcing properties and when you’re acting as an agent |
| 68320 | Management of real estate on a fee or contract basis | Property management companies |
| 64209 | Activities of other holding companies | Used if you have a holding company |
You can view and search a full list of SIC codes here.
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