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kelbol
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Last Activity: 25-02-2020, 22:46 PM
Joined: 21-01-2016
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  • kelbol
    replied to R2R - Just an idea
    The same restrictions will apply to the usual R2R. What about when a LL rents out to a council who in turns sticks in all sorts of tenants in your property?

    Anyway, it was just an idea that came up to benefit from the advantage of using a ltd company, without having to pay stamp duty, more...
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  • kelbol
    replied to R2R - Just an idea
    Maybe for taxation purposes, the rent has to be "fair". Same when selling your property to a company, wife, spouse etc for £1 in the hope of avoiding stamp duty. You can sell it at this price as far as I am aware, but for taxation purposes, HMRC will look at the market value and bill you...
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  • kelbol
    replied to R2R - Just an idea
    Good point about the tax relief on interest. I was going to point out that another advantage is that mortgage interest is lower for individuals compared to companies.



    I would assume the rent would already be as high as the market allows. Why would a LL ask for half the rent...
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  • kelbol
    started a topic R2R - Just an idea

    R2R - Just an idea

    If you want to transfer ownership of a property to your own company to rent out, you have to pay stamp duty, maybe capital gains, and also have to sell at market value, not £1 to cut down on tax.
    Then there's rent to rent. So what's to stop a property owner to set up a company, then rent out...
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