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BTL properties and a LTD
theGrinch
Posts: 3,133 Forumite
in Cutting tax
I have a BTL portfolio with equity in it and I am looking to release the equity.
Is it possible for me to remortgage without paying tax. Am I correct to assume tax is payable at the time that capital gains is crystalised i.e. at sale and no income tax is due on a preferential remortgage?
All 10 properties were purchased in my name, but I want to remortgage and then transfer them to a LTD. Does this make sense to separate my assets like this? I assume that at the point of transfer capital gains and stamp duty will become due again?
If this is the case then I might just leave the status quo
Is it possible for me to remortgage without paying tax. Am I correct to assume tax is payable at the time that capital gains is crystalised i.e. at sale and no income tax is due on a preferential remortgage?
All 10 properties were purchased in my name, but I want to remortgage and then transfer them to a LTD. Does this make sense to separate my assets like this? I assume that at the point of transfer capital gains and stamp duty will become due again?
If this is the case then I might just leave the status quo
"enough is a feast"...old Buddist proverb
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