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Purchasing 50% share of Tenancy in Common
JAS3250
Posts: 1 Newbie
I have a BTL owned with my business partner in personal names as Joint tenants in common. 50/50
I wish to purchase my business partners share, but via a ltd company with me as the director.
End result 50% owned by new Ltd and existing share continued to be owned by me. The whole idea is to save CGT and Stamp duty on my existing share.
Is this possible and will I get a mortgage ?
I wish to purchase my business partners share, but via a ltd company with me as the director.
End result 50% owned by new Ltd and existing share continued to be owned by me. The whole idea is to save CGT and Stamp duty on my existing share.
Is this possible and will I get a mortgage ?
0
Comments
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How do you think this will save CGT on your existing share? Stamp duty will have already been paid on that share as well.
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