Honestly Jamie, I can’t thank you enough for your videos 🙏🏻 Every time I have a question I find the answers I’m looking for on your channel. It’s just so helpful!

I like the fact you said "This is a learning for both of us" very humble. You are clearly very knowledgeable on the subject

Brilliant video Jamie, no waffle and very direct. Thank you.

Best uk real estate property channel on KZfaq ✌🏻

Really good and informative video Jamie! I’ve been mulling this situation myself and you’ve helped me make a decision.

Solid advice. Thank you!

Every accountant I have employed over the past 40 years is useless at explaining their actions. It’s like they don’t want you to know. Your videos have answered so many questions I have right now. I am looking to move 6 properties into my ltd company that I have personal mortgages on. My plan was to pay off the outstanding mortgages and transfer the properties into the ltd company. Armed with the information I have learnt from your channel I can come up with a plan with my accountant as to how I move forward in the most tax efficient way. Ultimately I am looking for the most tax efficient way of dealing with CGT if I sell my portfolio. Or sell the company with its assets and claim entrepreneur relief.

Really interesting video, thanks Jamie. I've just started a Limited company to buy property with but was very unsure how it worked transferring my current buy to let from my name to the limited company. Thanks for making it so clear and understandable

Brilliant video Jamie. Will need to look at an LLP

Good man, thank you😊👍

Great Video Jamie thank you, do you know if you can borrow more / easier to leverage with an ltd, example if someone transferred 6-7 properties from personal name to a company and wanted to do bigger projects such as development would a company be easier to get more money borrowed if the company now has 'assets'? hope this question makes sense, cheers also, with this scenario would the best scenario you think be a llp if person had someone else to help

Great video Jamie. One point of correction is that limited companies don't pay CGT - only corporation tax. So if the company sold a house for £40,000 more than they paid for it (after all costs) then the company would pay corporation tax on the extra £40,000 profit - not CGT. Only individuals get the benefit of the CGT allowance (currently £12,300 as you say). I think, but I am not certain, that if the company uses the £40,000 profit to reinvest in another property, then the company can benefit from "roll over relief" and so avoid (or at least defer) paying the corporation tax on the £40,000 profit.

Brilliant information

I really do love your videos! My parents have a substantial property portfolio so I am looking into the same path. They say “it’s not like it used to be” continuously. I am a 40% tax bracket earner already so will be looking to buy renovate sell. Suffer the big hit initially with the first then use this money to set up a ltd company and buy in that direct rather than personal to transfer (Ltd buy from myself). Not as an adviser but as an opinion do you think this is the best method. I don’t think there’s many more of your videos for me to watch 😅 keep them coming! 😁

Hi Jamie, I've been watching many of your videos with interest. Do you have a video on transferring properties into an LLP partnership 🤔

One of the reasons I moved a personal BTL to my ltd was to get my deposit money back on top of the gain the house had made. This money can then be lent back to the ltd. at a justifiable 4% which is a deductible expense to the ltd. and a 20% income to me. Just another column to add to the spreadsheet...... Could work out quite nicely if you run the numbers.

Great content Jamie. Its nice to see someone practice what they preach & can back it up. Unlike most of the other so called specialist property gurus on youtube.. Could you possibly do a video on purchasing a property with a sitting tenant.?

Hi Jamie very good video. I am more interested in the subject of transfer. Can you please explain a little more on this .

❤️ On point

We were advised if doing a BRRR then personal name is better as tax is not realised on value increase until selling therefore the money released you can do whatever you want with and costs were lower too. If standard BTL without much value uplift potential then LTD CO.

If you've owned your property for a number of years you can minimise your CGT by ensuring you get a retrospective valuation on your property in 2017 when the rules changed. Sharing advice from my tax advisor. 👍

Hi Jamie. Love your smart whiteboard! Do you want to share the Brand and Model so I can ask Santa to bring me one? 🎅🎁🎄

Hi, Thanks much for sharing the knowledge. We are thinking to get our first BTL and I am doing research what is better. I am close to 40% tax range and my wife is lower rate tax payer. What do you see is better for us. Own name joint mortgage as she is in low rate and it will work out balance despite me going at 40% tax rate or setup Ltd for this. We are thinking couple of properties but obviously need to see how it goes and build up slowly in longer term. In my head I am thinking we should buy first 1 or 2 under own name and then go Ltd but giving majority advicing on Ltd from start I am confused. I would be greatful if you can advise which route should I take. Thanks much.

Great video. What about the company taking a loan from me to purchase the property through a bridging loan. I.e there is no CGT as you sell the property in order to repay the loan.

If you put each property in its own limited company, with say a holding company, then when you dispose of a property you can have the company sell it, or you could sell the company. You wont be able to set off losses against profits and people are often reluctant to buy companies, since you buy all the risks of the company back to incorporation, but the purchaser will probably get a stamp duty benefit since they are buying shares, not property. Another thing to think about.

I've been advised to max out my personal income before incorporation. So two personal name and then the third is in ltd company

Hi Jamie, thanks for your video. It’s bittersweet as I think it’s answered my question unfortunately it’s not the answer I want ☹️ I just tickle the 40% tax bracket but then my two rental properties kick me way over the line. They were both meant to be my pension but with 40% tax and higher mortgages I’m losing money every month 🤦‍♂️ How can that be right. Looks like it will cost a small fortune to transfer them into a limited company with money I don’t have.

LLP Hybid structure specialist Chris Bailey of the Bailey Accountanting Group. Cheers Jackson (Toyan is trying to get us houses in APG)

This is something that really interests me however, being in Scotland, different rules apply :-(

Hi Jamie, hope you can help. I just bought an additional property and affected by the stamp duty tax paying 9k. I been advised after a year I can move my current property which I been renting out which i paid 100k back in 2017 to a LTD would I be able to get the full tax refunded? Is it worth staying as a limited company in the long term? Cheers

I have been looking into partnership. Apparently you can own a property on your woen name, but you can share the profit in accordance to the time that was invested into running a business. There are also implications for inheritance tax, etc. I am still struggling to find an accountant that would know what they are talking about....

Hi Jamie, great video as always. I have 8 BTL's in my own name and due to section 24 i'm hovering around the 40% tax bracket and could just do to reduse it by a few thousand. Accountant advised a LTD and I've set that up and bought 2 properties in there and just using it as a savings pot to eventually re-invest. Option 1 is to sell one in my name to the LTD, I have an unincumbered one so that would be the least hassle. Option 2 is one i've never come across before and it's to allow the LTD to manage my own properties by collecting the rents, deducting 15% for a management fee, then distributing the difference back to me. This reduced payment to me would be 40k which would keep me under the 40% tax threshold, job done, allowing me leway for future rent increases etc. I would still pay all the bills and maintenance as I did before and claim the mortgage Interest tax relief. I get that the LTD would pay corporation tax on the management fee but that would be fair enough. Option 2 sounds ideal but just too good to be true, what do you think and what would you do?

Do you get to claim the bills for your property as claimable expenses?

Hi Jamie, if all of my properties are commercial I won’t pay any stamp duty is that correct? Thanks.

Scenario. Individual A) owns a property out right and after 1 year adds Individual B) they just pay land registry fee and lawyer fee to add them onto the title right? If then Individual A) removes themselves a year later i am guessing there is no stamp duty or cgt owed. Now lets say A) is a person and B) is a ltd Partnership, would that be a way to transfer personal properties from personal to Ltd accounts?

Jamie, Get advised before you carry out your plan of transferring your personally owned properties into limited companies one at a time. Why? My understanding is that ALL of those personally held houses form ONE business, so you cannot pick and choose which ones to transfer and which ones not to transfer. Anyway, with CGT allowances falling, it does not appear worthwhile.

The biggest question on this topic is for me; If I own a HMO on my personal name and want to refinance it to scale my portfolio, is it possible to do debt the money from my ltd ?

This may sound like a syupid question but if I have 2 properties that have now pushed me 20k into the 40% tax bracket and i wanted to transfer them to a brand new ltd company, how would thenltd company pay me? I am confused on that part.

I'm new in this BTL. Only ve 1 property to let out. If u as a couple, employed, is it best to do 2 BTL in personal name first. Once u r close to reaching 40% tax between u, then Open Ltd company and buy yr third BTL onwards on yr Ltd company? Saves the cost of transferring later?

We help and have helped many property investors on incorporation from their personal name via partnership to limited company no CGT or SDLT. You need property tax advisors and legal support depending on your circumstances to see if it is right for you

What about refinancing differences between personal name and ltd company.

Jamie, many mortgage brokers don't know how to apply for a mortgage for a limited company. Could you recommend some brokers to us?

Isnt it a paper exercise,? You borrow £90,000 to buy/transfer your £120,000 property to your Ltd Co, that money goes to you, so your Co pays off the mortgage with the money you've paid yourself and you only incure the fees youve spoken about?

Is it not true that if you have 1 commercial property in your portfolio you can incorporate the whole portfolio without having to "sell" to your company? Heard that few weeks back....im not in that position so didn't really look into it further ....

Jamie, if it's going to cost you £7,256 EACH for 4-5 properties (£36,280 total), why wouldn't you integrate into a LTD company from the start? Why is 6 properties onwards the magic number, and surely 6 properties in Chelsea to 6 in Salford are completely different kettles of fish. Great content though and I'm on my journey to build my property portfolio, however this grey area is one I'm struggling with hmmmmm

It isn't a 14% return on investment because the money hasn't been invested, it's been spent on taxes and fees so you no longer have it. Effectively, you only start getting a 14% return after 7 years. Is it still worthwhile?

The capital gains in transfer to the Company, is washed out via shares. The ownership is turned into shares and unless you die or sell shares, you don't need to pay the capital gains. The transfer is the harder part to prove (as stated). HMRC are a real pain in the ass these days. In my grandfather's and even my father's times, you could put so much more through the business. Also everyone doing this does not want to refinance until after the transfer, to wash out as much as possible. Golden rule - debt liability CANNOT be higher than the capital value across the portfolio you have. This is calculated by looking across the entire portfolio owned, not at individual properties.

Hi Jamie, A perplexing question for me is- Are you not being doubled taxed if you use limited company- 1) first on net profit on company earnings as form of corporation tax 2) On the dividends you take out if your personal earnings cross 40k/ year?! . Best Regards

Went through incorporation with a client to find out he’s worse off as the interest for a ltd co is so much higher than an individual. Do your homework before doing this. Also going LLP to ltd you need to demonstrate the badges of trade to claim incorporation relief.

I've just been told that you can reinvest all the money and buy another house on the company's name after paying corporation tax. Is this true Jamie?

Would I be able to gift a deposit to the ltd company when selling the property from my personal name ?

This all sounds very costly and complicated. The easiest and most certain way of minimising tax legitimately is to pay any personally owned BTL profits is into a SIPP. You get 25% top up for every pound and it increases your tax code. You incur too many costs transferring to a Ltd. The best thing is to buy via a LTD in the first place. Accept you’ve bought prop A personally and invest in a SIPP. Buy all future BTLs via a LTD. But remember it is very difficult to extract profit from a LTD company these days.

Hi , I have a land in my name and I was asked by a developer if I want to sell this based on obtaining a planning application for 3 houses. The problem is that if he obtains this I will have a profit of £540.000 . I believe it will be beter to transfer this land better to a LTD in order to avoid to pay to much taxes as I want to purchase some BTL with this money. Also I have 5 children which are minors ...Can I add them on the LTD before this transfer ? Thank you , I hope you can help me with an answer.

Me and my other half are wanting to rent out our current home we live in and because it’s in both our names it’s 40 percent tax is there any way around this

How and where would I find trusted trades people in Liverpool, to do up a property, as I live in Leicester. Thanks

Where can I find a decent tax advisor who is familiar with these methods?

First :)

I noticed companies house is about to strike off your company aspire properties for not submitting your taxes on time. Im not assuming any wrongdoing, its a ltd company so the records and status are public. Just wondering what your reasoning is for doing this?

Please Jamie, can a limited company get a mortgage from a Bank?

Hi Jamie, I have just bought the property (buy to let) under limited company for fix rate for 5 years. My circumstances change can I move in that property. Any advice please? Thanks

You dont need a reason for setting up a LTD company, your reason is you want to pay less tax. There is nothing wrong with tax avoidance, it is completley legal. Tax evasion is different and illegal. I habe also read about LLP with the 2 year thing, cant see any issues with that.

quick question, can i buy a property in a LTD and live in it myself my pay rent to my own limited company ?

How do I transfer a property that's been bought through a limited company to myself as my circumstances have now changed.

How about a hybrid structure LLP with Ltd Co as designated member and you as member of LLP - you own100% of shares in the LTd Co - ask me about it and we`ll get you the cool cars

What if you have a cashed property no mortgage. Anyone know the costs if wanting to put it into a ltd company?

All of these ideas are of no use if we do not have a cost effective implementation and accounting service available in the market ! Property 118 charges like 30k+ ?!! seriously !

Suggestion based on 30 years experience. Before you make any move in business seek professional help, do not rely on guidelines from amateur KZfaq presenters. Jamie York covers his butt by saying he is not a tax adviser etc., heed that comment, it’s a get out of jail card.

Property118?

Llc’s are better than LTDs dunno why your talking about LTDs??

I’ll purchase it in the company to keep my girlfriends grubby has off it