In the event that you have a current portfolio, it is conceivable to exchange ownership from your own names to a limited company if that suits your necessities and conditions.
If you choose to exchange your property portfolio with a limited company, you will trigger a deal and repurchase. Doing as such will bring about capital gains tax, stamp duty and the legal, Mortgage and valuation charges.
It is likewise imperative to take note that limited companies do have running expenses and lawful necessities, for example, documenting accounts. In any case, you will pick up the upside of tax-deductible costs, for example, Mortgage broker fees and lender arrangement fees.
This is a very specific territory and if you are thinking about making this move, it’s important that you seek specialist buy to let mortgage advisor in Durham, who will be ready to help you with the arrangement of top quality mortgage advice, backed up by introductions to appropriately experienced accountants and lawyers if needed.
Date Last Edited - 04/06/2020