Why Landlords Move BTL Property into a Limited Company to SAVE TAX | The Property Tax Show E03

[@123sumom]

Great video thanks very useful

[@provestor]

Glad it was helpful!

[@slavmarin7827]

thank you!

[@SerYoga1]

Thank you 😊 please advise is it better to own properties via limited company or a trust? Many thanks in advance👍

[@saffkhan4443]

I found this really useful and would want to move my properties to a Ltd but need advice on how to do it this. I have tried your website which I have to say it is difficult to know which option to use. Can we use the Ramsey rule s162 to do it and not pay any tax.

[@charlottelaw40]

If you are transferring multiple properties (20+) from a partnership to a limited company, at what cost to introduce the properties into the limited company. If there is no profit or loss, would it just be at market value at the point of transfer? Also, where would the other side of this transaction go? Would the amount sit on the balance sheeet ?

[@johnporcella2375]

I believe you have to use market value, but get proper advice,

[@alisahsadiq1229]

Very Informative 👍

[@provestor]

Thank you Alisah!

[@aeonlau]

How about transfer the own living house to the spv ltd, Do I have to pay Capital gain tax?

[@provestor]

Hi there, Yes, you would pay Capital Gains Tax if transferring ownership of the property to a limited company. However, you may be entitled to private residency relief. The company would also pay Stamp Duty and there are also legal fees to consider. We'd recommend getting 121 tax advice before you incorporate. Head to provestor.co.uk for more info on our property tax consultations.

[@johnporcella2375]

If you have lived in it from the start to the transfer, then you would be entitled to PPR (Principal Private Residence) relief thereny likely eliminating any CGT liability.

[@plavanvali]

I i have a property brought inside LTD already, is that adding to the 20 hours weekly work on the property businesses to incorporate my other two properties? As i have totally less than 5.

[@johnporcella2375]

The issue is whether those held in your own name are a business. Those not held by you are neither here nor there.

[@plavanvali]

​@@johnporcella2375..and what if I transfer a part of the property ownership to my company, is that considerate partnership to later fully incorporate without CGT and stamp duty?

[@tricksofthetrade3129]

I will give you a call next week

[@Jeffybonbon]

The Majority of BTL lenders dont allow this moveing from personal to company you need to refinance to do it

[@johnporcella2375]

Is that right? I thought that they would simply swap products in porting.

[@mattleelidbetter]

Hi can I ask I had a portfolio of 5 running as a partnership for 3 plus years but sold 2 of my properties last year. Can I still transfer 3 of my btl into a ltd company

[@provestor]

Hi Matt, Thanks for your question. If you're looking at getting s162 incorporation relief and SDLT relief as part of a business transfer you may be able to depending on your personal circumstance. As part of the incorporation relief you need to be able to demonstrate you're moving across a 'business'. This becomes more difficult when you have less properties in your portfolio.

[@JamesOliverr7s]

Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[@MatthewAidan4ns]

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@BernhardLeonl5]

I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. 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.!!

[@BernhardLeonl5]

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

[@jeffocarroll7848]

Not S.M.A.R.T?