Transfer Property into LTD

  • Filter
  • Time
  • Show
Clear All
new posts

    Transfer Property into LTD

    I have set up a LTD company to transfer a freehold semi commercail property which is currently owned by me and and my wife. There is no mortgage on the property and we have had it valued by a charted surveyor who valued it at £155.
    There will be a very small amount of CG but my solicitor is asking if there will be any money transfered between us and and LTD company, I have said no - it's a transfer only and once in the LTD company it will sit there as an asset on the balacne sheet - Is that right ??

Latest Activity


  • Rent aroom property relief.
    by calista
    Hi Qick Q i cant find the answer online..

    Can i claim rent a room relief on a rent of 300pounds a month at my first property where I live. 3600 a year.

    I rent a second property 1200 pcm, where I do not live and would not claim the rent a room relief- or rather i pay tax normally...
    31-03-2020, 12:10 PM
  • Reply to Rent aroom property relief.
    by calista
    Thanks for your reply, this is what i thought, but couldn't find anything on the government page to back it up.
    01-04-2020, 21:13 PM
  • Reply to S24 deduction of interest payment / Covid-19 Virus
    by jpkeates
    I don't think that many landlords will pay any more tax, it'll catch some, but I'd have thought for the majority of landlords it's tax neutral.
    A small number of landlords will pay slightly more tax isn't much of a headline, though.

    At the time as s24 has been introduced, the personal...
    01-04-2020, 13:13 PM
  • S24 deduction of interest payment / Covid-19 Virus
    by Flashback1966
    I am wondering if S24 tax changes are going to come and haunt landlords.

    Under the tax changes landlords can't deduct interest payments in full. Individual Landlords have been paying more tax, then is fair.

    You could end up with a situation where the tenant wont or can't...
    01-04-2020, 08:06 AM
  • Reply to Selling part share
    by Bill31
    Im sure the reservation relies on the person who made the gift.
    If we was to sell the property and take our 50/50 share of the sale price would that release the gift with reservation if we then went on to buy our own property
    01-04-2020, 12:27 PM
  • Selling part share
    by Bill31
    5 years ago i gifted part of my property to my son as joint tenants. We lived in the property together. So its possibly a grob.

    Now we want to go our separate ways. Could he buy my share out so he owns the whole house. And i use the money to buy elsewhere. Could this introduce a IHT or...
    31-03-2020, 13:41 PM
  • Reply to Selling part share
    by jpkeates
    The reservation will depend (as far as I can see) on who pays the running costs of the property.
    If the running costs are split in line with the ownership, it's one thing, if the property is run as though it was the mother's house with her continuing to pay all the bills is another.
    01-04-2020, 09:58 AM
  • Reply to Selling part share
    by AndrewDod
    Well if CGT was not payable on the first slice it won't be on the second.

    I don't see that you retained a benefit, but I can't find any case law to that effect. But if rent was payable it would have gone in both directions (you would have paid your son half the rent and he would have paid...
    31-03-2020, 18:19 PM
  • Reply to Selling part share
    by Bill31
    Interesting that it may not be a grob as we own it all together. But surely hmrc will view it as i retained a benefit.

    Its our only main property i dnt think any cgt will be due. I was asking will cgt be due if i make another gift or sell my share to get my name of deeds?
    I ask because...
    31-03-2020, 17:35 PM
  • Reply to Selling part share
    by AndrewDod
    Although they were BOTH living there and both owned it -- so the share gifted is probably not a GROB. It would be if only the OP was living there (owning only a portion) and not paying rent.

    It depends on the proportion - if the OP owned 1% and paid no rent - I think it would be in GROB...
    31-03-2020, 17:09 PM