We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
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
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards