How to move buy to let properties into a limited company TAX FREE | Limited company property taxes

[@Lawrencekingsley01]

"To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis." - Robert Kiyosaki. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already,got a new business my wife is managing, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made.

[@cathenido1624]

I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in.I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.?

[@Lawrencekingsley01]

Understanding the intricacies of investing is crucial. That's why it's important to have a reliable support system, such as a financial consultant, who can guide you, especially when it comes to selecting assets. Personally, I work with Regina Louise Collaro, an investment advisor who collaborates with a licensed wealth management firm. I must say that my financial journey has been exceptional under her guidance. Regina is widely recognized for her excellent services, so you may already be familiar with her. Thanks to her expertise, I have achieved financial stability and now earn a consistent monthly income through her passive income strategy.

[@cathenido1624]

I value your recommendations. It's challenging to locate a trustworthy person. I could really use your investment advisor after seeing how much money you've made through investing. If you don't mind revealing her information, that is.

[@Lawrencekingsley01]

She is easy to find , make a quick research of her on the internet with her name Regina Louise Collaro and leave her a message. I believe she works with anyone independent of their location.

[@ugojazzy7812]

You are correct , I am only one of many who gained from working with Regina Louise Collaro. I had no reason to live when I lost my job due to COVID in 2020, and it will always be a memorable year in my life. Regina made it possible for me to live comfortably through passive income, thus I owe her my life. To be completely honest, I think she is an angel who was sent to help those who are struggling financially.

[@senanur1983]

This video has aged well with Starmer coming for these kind of properties. Landlords of all a kinds are selling before the October budget. Never have I seen so many homes put on sale in the market. Finally I can buy a home!!

[@Liberty_Freedom_Brotherhood]

You need to update this Advice. Incorporation Relief has now been successfully challenged by HMRC

[@tundeuk]

Explain?

[@kbc138]

Excellent and clear information on conditions of transfering properties into a company

[@ESTPhonehome]

I would love a quick call on this if possible. Thanks

[@cfdProptrader]

Also there is an advantage of not selling property in LTD, get a loan on the value of all properties under LTD company and find the cash flow, also avoid paying liable to pay tax on selling properties.

[@mehmetkazim190]

Would like to have a chat to see if I can move properties into a ltd company without the burden of CGT and stamp duties.

[@majkhan3376]

Hi, really like your advice and I need some further advice on incorporating into a LTD pls

[@Jeffybonbon]

dont do it it will cost you thousands and who says Govt won t tax Ltd company more i future there are no guarantees with this apart from the fees your going to pay

[@SN-jt9kl]

hi Joahua, I would love to know more about it.

[@ShaunWatcham]

You said that if you passed the properties on within the Ltd company that you would get a ' tax free uplift as part of inheritance tax', can you explain this advantage please?

[@IBobMyHead]

Your next of kin becomes director of Ltd Company and thus inherits the portfolio.

[@niccolocapanni6808]

Can the partnership be a general partnership rather than a LLP?

[@CameronBattaglia]

Appreciate the detailed breakdown! 🧐 Need some advice: 🙏 I only have these words 🤔. (behave today finger ski upon boy assault summer exhaust beauty stereo over). I don't know what they are. What should I do with them? 🤷‍♀️

[@saffkhan4443]

I am also interested into moving my properties into a Ltd company. I have been told that you need create a partnership agreement first and then change all your tenant contracts to go to the new partnership. Then I was told you have to operate for 3 years before you then try to incorporate it into a LTD or LLC is this true?

[@karenmiller6258]

My sons grandmother has several unencumbered properties. She would like to gift him a property to his Ltd company. Is this a wise move ? I am finding it hard to get advice on this.

[@slavmarin7827]

Thank you Joshua!

[@StevenDeverill]

All good info. Just wanted to know your thoughts on the financial side. I have a business loan on my commercial BTL. Will I have to refinance by selling to a newly incorporated company?

[@garysingh295]

Great Video. Would be great to. Know more and also discuss such things as IHT.

[@naheedaziz6672]

Hi Joshua would love to to speak with you. I and my wife have about 10 properties in our own names and want to move them into a company but need help in how to go about this! Please can you help

[@matthewherbert5940]

Would love a quick call on this :)

[@hasnaintejani9307]

Hello, fantastic info. I would ove to contact you. Please let me know how. Thnks very much

[@mulasabegum4596]

Hi how can you sell rental property to limited company I don’t now what do can you let me now how tax I need to pay thank am ur subscriber 😊

[@northernhardcore.7899]

Thanks Joshua. Please May I book a call? Thanks

[@matt9383]

And all this while the working man and woman on PAYE are taxed at the highest rate in 7 decades! All these loopholes need closing immediately!

[@Danxr-k4j]

A lot of “working men and women” own second properties for a better pension for example. We all pay taxes. Let your money work for you.

[@mulasabegum4596]

I have tow property on my name I want to move to limited company and More property’s how do I do this am ur subscriber

[@noureensafdar1423]

Hi How can I get in touch with you as I would like to transfer my BLT in a LTD company

[@Deeelon]

I have one property that i am unable to sell at the minute because of cladding unless to a cash buyer. So I rent it out but barely making anything off it and am unable to move on with my life. Is there anyway I’d be able to set it up in a smarter way than my current “permission to let”

[@ajaynandakumar1]

I am in the same situation s you are. Can we move the property to LTD company as the current value is 0 according the mortgage company because of cladding issue and un sellable.

[@BeperwaH]

What about higher dividend tax ?

[@user-wj4et6gh5n]

What are the chances of HMRC adding section 24 AND personal income tier tax to ltd owned property for income derived from property. I've heard they are trying to find a way where ltd owned property will suffer the same tax as personal tax liability.

[@Holdeenio]

We can only speculate but I am personally doubtful. I believe this whole strategy is to incentivise landlords and investors to utilise LTD companies for investing. This leads to tighter reporting and auditing. As the regs tighten around things like EPC and standards it is also easier to keep track. I think it solves for the large percentage of landlords who in the past didn’t declare their property income and that was perhaps their main driver.

[@Jeffybonbon]

Dont do it no guarantees and lots of pit falls Just stick where you are and save the fees and pay the tax

[@Holdeenio]

@@Jeffybonbon there are no guarantees in life save death and taxes, but that’s not a legitimate reason not to investigate optimisation and improvement in life 😊

[@pitamberthapa5839]

@@Jeffybonbonpay tax help nation, good man 👨

[@plavanvali]

What if one property is in my company 's name but I am the director , is it counted to the other properties I have on my personal name to result in the weekly 20 hours ?

[@slomofs]

I have multiple properties in my own name but I am not in a partnership so am I stuck in that I can’t incorporate into a limited company and avoid CGT and stanp duty?

[@cfdProptrader]

find this channel in YT and you will find the answer : Kimberley Shapcott Property Tax and Accountancy

[@ranispakistanicuisine4172]

Hi Joshua, Nice video. Thanks. I want to know if I need to book a call with you. What's the procedure regarding the property business.

[@asifmohammed3713]

Great video Josh, would like to know more, are u still in Dubai?

[@daleo1133]

hello, I own a flat in my personal name, which has been my first property which I have lived in since purchase. I am looking to transfer it to a ltd company, it is worth 120k which is less than the sdlt threshold, can I use Private Residence Relief scheme and not pay any tax?

[@sajadkhan497]

Josh great content....

[@JoshuaTharby]

Thank you 😎

[@andywall2401]

Hi Joshua, many thanks for this information 🎉

[@huwroberts721]

I've just come across this video - recommended by my cousin. Thank you Josh I'd be very interested in having a conversation with you to scope out the feasibility of moving my portfolio (x10) from personal ownership (me & wife - partnership) to an incorporated structure - LLP or Ltd. I have looked for this route before but deemed it would be too expensive with CGT & SDLT. However this now sounds like it is possible?

[@parms9945]

Hi Joshua, how can i contact you?

[@fernwatson]

Appreciate Joshua

[@slavmarin7827]

thank you!

[@tarlochannahal9103]

Need more advice

[@timjrandall]

Hi Joshua I have 17 properties in joint names with my wife . I was looking to transfer these to my property limited company. Can you help with this I could not see how to contact you Regards Tim

[@JoshuaTharby]

Hi Tim, yes we can help with this. First place is to schedule a consultation for us to provide advice - jsmtax.as.me/consultation

[@mulasabegum4596]

Property on just my name

[@safc2951]

Can I transfer my first rental property I purchased in my personal name to a limited company , it got no mortgage and a good tenant, I have another 5 properties in the limited company at the moment. Thanks in advance

[@merch1100]

Mortgage rates are higher for a Ltd company aswell. Wasn’t worth it to move them to a ltd company for me

[@Jeffybonbon]

Its not worth doing and the cost is tens of thousands of pounds and who is to say the Govt will not tax Ltd more in the future they have already cut the tax free dividend dont do it by 2028 there will be rises in threshold so just pay the extra tax and put up rents

[@eviantime]

@@Jeffybonbon did you watch the video son? there are ways to get around the tax when transferring over to a ltd

[@Vvvggghj]

@@Jeffybonbon LOL

[@dwjudd]

Who do you recommend to help move properties into company structure?

[@Andy-si1pl]

Everyone tells me to get financial advice but I just want an example of someone who has done it with only one BTL. I'm not wealthy enough to get the attention of these magic tax advisers.

[@Natasha-tq1qm]

Great video, could you say you work 20hrs a week with a single buy to let that is self managed?

[@letsplaywitheesa1668]

Same question!

[@andrewfallon2719]

@@letsplaywitheesa1668no he said 5 or more properties. It’s not justifiable..

[@SerYoga1]

Good man thank you 😊👍

[@AlisonGormley]

Excellent video. Very informative

[@nickrowland7022]

Great content Josh, highly appreciated. Would you also support the use of a “Deed of Trust” as a way of avoiding Stamp Duty and Capital Gains Tax?

[@JoshuaTharby]

Not in most cases, doing it the proper way is my preferred route

[@Holdeenio]

Ah Nick! I remember seeing you on the touchstone mastermind programme. Hope you’re doing well!

[@Mickferndalespeedy]

Hi what paperwork do I need to give my accountant so they can prove the criteria have been met?

[@johnmagill4556]

How do i prove im in partnership?

[@rajaibrahim9330]

Hi Great video! Well explained Could i book a call for a chat...

[@luminargooglenetwork.1965]

I like your content and enjoy learning from you. I wish to see a lot more of the educational and valuable youtube content you put out. Keep up the awesome work! : -

[@mpanee5525]

Great content thanks for sharing this Joshua, not sure about mortgage complications currently under personal names

[@StrykerGamingOfficial]

Great video Joshua, I look forward to more of your tax tips🙌🏽

[@JoshuaTharby]

Appreciate it, answering your questions this week!

[@user-wj4et6gh5n]

And if you're not married or in a partnership?

[@Holdeenio]

So by partnership Josh isn’t referring to your romantic relationship, he’s talking about your business partnership. For example, if you and “Bob” run a HMO together, you are technically business partners. It could also be spouses of course but the romantic aspect isn’t a prerequisite for incorporation relief.

[@user-wj4et6gh5n]

@@Holdeenio after asking about this possibility, one could be liable for other taxes such as class 2 & 4 national insurance + other tax bill submission relating to LLP.

[@Holdeenio]

@@user-wj4et6gh5n working in a “partnership” is not necessarily the same as a LLP in HMRC’s eyes. Two individuals running a property business, with properties owned in their own names is a partnership. But if the route to LTD Co incorporation includes a limited liability partnership stage, which it usually does, then the costs associated with running that LLP would of course be incurred. NI is such a variable cost (dependant on how the entity is operated) that no one really talks about it in relation to property. LLPs can be incredibly tax friendly if operated efficiently.

[@brendangannon436]

Interesting information- thank you Joshua. We set an informal partnership up (four family members) around 9 years ago & have four properties, does this affect CGT & Stamp Duty if we were to incorporate?

[@Holdeenio]

That sounds like a pretty good situation to apply for incorporation relief. Look up property118 👍🏼

[@Jeffybonbon]

stick with LLP dont move to a company

[@Holdeenio]

@@Jeffybonbon an LLP is a corporate entity, just not a LTD Co. There are benefits to each option, but for most professional investors with other streams of income, an LLP is not the most effective vehicle to hold properties. It’s great for commercial property (upon which one can claim capital allowances) or for leasing cars through, or for sideways relief but not for generic residential investment. It’s also even more effective (through looser controls, for inheritance strategy) but LTD Co. can do much the same with suitable share structures and articles.

[@stone678]

If there are 3 directors of a limited company and 1 dies do the remaining 2 directors have to pay capital gains if it's a property.buisness

[@Holdeenio]

Good question, directors in a LTD company are different to shareholders. Directors have the responsibility for managing the company and its trade, as well as reporting to HMRC etc. The shareholders own the business in whatever format their shares and shareholder agreement defines. It is possible through use of different share classes (including freezer shares) for ownership of a LTD company to pass on to other existing shareholders without attracting inheritance tax. No capital gains tax is applicable in that’s scenario either.

[@28121sdfsfsf]

3:03 for future reference

[@Gilly-gx8rt]

Think very carefully before doing this! Great if you have kids to leave it to. If Not so easy to get your cash back out - double taxation !

[@xxNeg]

Hi Josh, is there more benefits to do this now with the stamp duty holiday? Is this worthwhile for 2 properties? LTD vs LLC right now? Thanks

[@elpelado777]

Hello Josh , thank you for all your videos are good help , as i have got a 1 house residential and the second one buy to let but both are in my name , how can i move i to the LTD, need to pay stamp duty, taxes etc again or not , as i would like to increase my profile , but i am full time employee 64k a year , income rental 2k a month

[@MyHarveyNo14]

I'm in the same situation, hope to get some great answers

[@domandlucas]

Hi would like a chat with you 1:38

[@Liberty_Freedom_Brotherhood]

Completely wrong advice. HMRC has designated this tactic as an avoidance scheme and is coming after landlord with additional interest and penalties, IE MORE TAX!

[@AccessRealityTruth]

It's funny when you say that we will have to pay GGT when we sell our home etc, I sold my previous home 3 years ago then purchased another one and sold it last year. After contacting HRMC they confirmed that I don't have to pay GGT as when you sell your main home GGT doesn't apply. Your information contradicts what HMRC says on its website.

[@Vvvggghj]

LOL HE'S NOT TALKING ABOUT YOUR OWN RESIDENTIAL PROPERTY

[@huwroberts721]

And what is GGT? Did you not get it - this is on additional properties to your own residential one? Doh!!

[@AccessRealityTruth]

@@huwroberts721 I made a mistake its CGT. When did he mention this to be about second property and not residential? I watched a few times but cant find it.

[@AccessRealityTruth]

@@Vvvggghj So is he talking about what? He mentioned about tax on a property in your name or LTD Company. I didnt hear the mention that this is about commercial property and not residential. LOL!

[@Jeffybonbon]

Dont do it your jumping from the Fire into Frying Pan there is no guarantee taxes on Ltd Co will not change The cost of doing this are not low I have personal BTL and I am sticking where i am Have you not noticed corp tax is higher now and the tax free dividend is being cut S24 is not great but the more i see of LTD co at some point after 2028 tax thresholds will rise and the impact of S24 will lesson just pay thee extra cash and stick with personal yes if your buying more property use Company

[@Vvvggghj]

THIS IS AN ABSURD COMMENT!!!

[@scarlettarcher1396]

I agree with Mr Smith - the scheme smacks of avoidance which will be jumped on as numbers doing it rise. I am more concerned with CGT on selling properties we have had for years,and then IHT at some point.

[@Jeffybonbon]

HMRC are looking at this now its avoidance @@Vvvggghj

[@Jeffybonbon]

I was told last week HMRC are looking at this topic @@Vvvggghj

[@Jeffybonbon]

read the latist HMRC UPDATE@@Vvvggghj

[@jazzeveningmusic2656]

Great information, it will be great to contact you if possible

[@jojoc8357]

I’ve to have a chat as well!

[@Michael.P247]

Hi Joshua, I’ve had a BTL flat in my name for a while and I’m unmarried, would like to book in a call with you to discuss the feasibility of me moving it into a LTD company. What’s your contact details please

[@GoloPutka]

Salaried=slavery. Self employed business= freedom that is if you are successful

[@Khan_is_mongol]

Yeah its not a simple as that. Buying or transferring a house from personal to business will increase the Mortgage tax rate and stamp duty!!!!!!!!!!!!!