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Started by geek84, 06-01-2018, 16:29 PM
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  • Lease my primary residence to my own LTD company
    by Soparles
    Hello,

    I own a property on a typical residential mortgage and I am moving to the south. My plan is to obtain a consent to let from my mortgage provider and let the property out as a holiday let. I do not plan to buy another property at this time nor do I want to transfer this property...
    21-09-2021, 07:15 AM
  • Reply to Lease my primary residence to my own LTD company
    by Soparles
    Thanks guys, that’s all understood.

    The plan would be to retain all profits within the business to invest in BTL property, so no need for dividends.

    Thanks.
    22-09-2021, 10:51 AM
  • Reply to Lease my primary residence to my own LTD company
    by jpkeates
    If the advice from the lender didn't include a discussion about leasing the property to a company, I'd have the conversation again.
    If it did, and the lender doesn't have an issue with it, my concern is clearly academic.

    The article you linked to is clearly separating itself from...
    22-09-2021, 09:57 AM
  • Reply to Lease my primary residence to my own LTD company
    by Gordon999
    ( a) I agree adding holiday let income to your own income ,tax on £50K at 40% = £20K , leaving you with £30K in hand .


    (b) If you let to Ltd Company at £10K, your tax = £4000.,

    The company taxable income = £50K - £10K rent = £40K charged at 19% corporation...
    22-09-2021, 09:48 AM
  • Reply to SDLT Recovery on Selling Query
    by Gordon999
    I agree with jpk. Your entry cost is £200K. + £5K sdlt + conveyancing solicitor costs + Land Registry costs.
    22-09-2021, 07:47 AM
  • SDLT Recovery on Selling Query
    by Sol_1969
    Say my wife and I buy a house as a second house. We would pay SDLT at the current rate plus 3%.

    If in a few years' time we sell the house and the house has gone up by a considerable amount such that we have to pay CGT.

    On selling, is the full SDLT paid recoverable against our...
    22-09-2021, 06:03 AM
  • Reply to SDLT Recovery on Selling Query
    by jpkeates
    SDLT is a cost associated with the purchase and can be deducted from the gain before tax is calculated.
    22-09-2021, 07:36 AM
  • Reply to Lease my primary residence to my own LTD company
    by Soparles
    Thanks for your detailed response jpkeates.

    I have already received separate advice from the lender regarding the consent to let so I am not particularly concerned with this point.

    I have done some reading and have found this link which seems to suggest that this type of...
    22-09-2021, 05:58 AM
  • Reply to Lease my primary residence to my own LTD company
    by jpkeates
    It is very unlikely that your lender will allow a consent to let for either a holiday let or letting to a company.
    So, the first hurdle may be a showstopper.

    I don't think HMRC would allow the arrangement that you are proposing.
    If you lease the property to your own limited...
    21-09-2021, 09:19 AM
  • Reply to Let Property Campaign.
    by Neelix
    so you approve of tax evasion ?...
    20-09-2021, 21:04 PM
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