Selling your property owned by a company? What are the options?

You have decided to sell your property and it is owned by a company. What options do you have to sell the property? Should you just sell the property and then close the company? What about selling the company?
Let's look at the options available and how you can make a deal stack by buying and selling properties owned by a company.
In this video, you will discover:
How can you sell a property owned by a company?
What tax will you pay when you sell the property from the company? How do you take the money out of the company? How does the tax work?
What about selling the company? What are the tax implications?
What should you consider when selling your company?
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DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not specific tax advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker. Making decisions on your tax position and investment decision is your own and appropriate specific targeted advice from a qualified accountant or tax advisor should be sort. The speaker will not be held responsible for any losses or gains based on decisions made following watching this video. Always do your own research and seek advice from an appropriately qualified professional.
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[@wch4972]

Thx

[@kimberleyshapcottpropertytax]

No problem

[@DavidSmith-qn8fl]

Interesting options, thanks Kimberly.

[@kimberleyshapcottpropertytax]

Your welcome.

[@Dan-si9ok]

You should buy a whiteboard! :)

[@kimberleyshapcottpropertytax]

Thanks for the feedback.

[@gk5063]

​​@@kimberleyshapcottpropertytaxyes I second that defo a board. I like watchinh your videos because you go straight to the point and it is easy for us beginners to follow. With this illustrated on a board it will be brilliant. Also might want to remind people to subscribe, like and send suggestions that way you are engaging with your viewers and u will grow your community. Thanks so much for taking the time to make these videos

[@andrewdove2303]

Hi Kimberley, great video - most have no idea of the costs of exiting a property investment company. I think it would be great to see you run through a scenario such as this one which I have contrived... A higher rate tax payer wants to exit their estimated £1,000,000 10 tenanted property portfolio within the next 6 months. They purchased the properties for £500,000 20 years ago, the kids are not interested and they want to retire. They have 2 offers on the table for the entire portfolio. Offer 1 is to buy the portfolio from the company for £900,000. Offer 2 is to buy the limited company but this offer is for £800,000. Assumptions: no debt. How much will the seller end with under up with under each scenario taking into account all taxes? Thank you!

[@kimberleyshapcottpropertytax]

Great suggestion. I'll looking at putting some numbers together and going through the numbers on a video in the next few months.

[@HelaneBrooks]

Hi Kimberley, If I incorporate so the properties are transferred into my existing Ltd Co then look to sell in the future. Will I still be able to claim reliefs on gthe sale if I have previously lived in it before it was incorporated.

[@kimberleyshapcottpropertytax]

You will get the relief for living in the property when you sell the property into the limited company. Then you will pay tax on any gain in the company from the value transferred in at to what it is eventually sold as.