Selling your own home into your Company as a Property investment

Selling your own home into your Company as a Property investment - What are the Considerations?

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Kimberley Shapcott Property Tax and Accountancy

9 ай бұрын

Are you thinking about moving house? Do you want to keep your existing house as an investment property? How do you do that? Can PPR be claimed? How does it Impact Stamp Duty?
In this video you will discover:
What do you need to consider if you are looking at making your existing property part of your investment portfolio?
What are the stamp duty considerations?
What about the mortgage?
How does the capital gains tax work?
What options do you have?
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DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not specific tax advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker. Making decisions on your tax position and investment decision is your own and appropriate specific targeted advice from a qualified accountant or tax advisor should be sort. The speaker will not be held responsible for any losses or gains based on decisions made following watching this video. Always do your own research and seek advice from an appropriately qualified professional.
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Пікірлер: 19

@Flapsupnolights 9 ай бұрын

Love it. Thats exactly what I was looking to do. I just didn't have a scooby on how to work around it. Thanks Kimberley

@kimberleyshapcottpropertytax 8 ай бұрын

Glad it was helpful!

@mrvincefox 8 ай бұрын

Amazing video. Thank you 🙏

@kimberleyshapcottpropertytax 7 ай бұрын

My pleasure!

@abdullahk8691 9 ай бұрын

Love your videos. I know most of the content but it's always good to have assurance from an expert. ❤

@kimberleyshapcottpropertytax 8 ай бұрын

Happy to hear that!

@tomrowlands1661 4 ай бұрын

Hi Kimberley, love the videos. In respect to the new stamp duty that the LTD company will incur on transfer of property- how is this calculated? I know it’s at market value but who determines the market value? Does the LTD company have to pay for a valuation ?

@kimberleyshapcottpropertytax 4 ай бұрын

There is no requirement to pay for a vaulation however it will need to be at fair value which is market value. I would always advise to check comparables and ensure you keep a copy of these should there be any questions from HMRC.

@fermencon 3 ай бұрын

Hi Kimberley, blessings, if i do sell/ transfer the property to a LTD, will I as owner of the property pay CGT the property in mention has been running as HMO for the last 7 years when i bought it.

@kimberleyshapcottpropertytax 3 ай бұрын

Yes there will be CGT for you and stamp duty for the company.

@alexandraAclayton 9 ай бұрын

Hi Kimberley, can I ask , does this process alter much if you don’t have a mortgage or your property? 🧐😊😇

@kimberleyshapcottpropertytax 9 ай бұрын

It’s probably a little easier as legal should be cheaper. No ERCs. So only capital gains to consider if you have let them out and stamp duty.

@harrietsote5707 9 күн бұрын

Can I get equity from my current resident property and transfer the property it to a ltd at the same time?

@kimberleyshapcottpropertytax 8 күн бұрын

You would be able to however there would be stamp duty payable and depending on the position capital gains tax to be considered.

@nikkion2140 9 ай бұрын

Do you get 100% principle home exemption if the property is legally owned by 2 people and the other is not living in the property?

@kimberleyshapcottpropertytax 8 ай бұрын

Each person is treated independently so the person living in would get 100% and the other person is likely not to.

@MalcolmBrownson 9 ай бұрын

Good Day Kimberley..In America, investors can take-over Exsisting Mortgages. is this Option available in the UK?? Please..

@kimberleyshapcottpropertytax 8 ай бұрын

Unfortunately the lending side of things is not my area of expertise. For detail on this I would suggest speaking to a Mortgage Broker as there may be opportunities for this with the right lenders.

@FiscalWoofer Ай бұрын

Much easier to do in a company as new investor just takes share of ownership of the company, but I don’t know of way of doing it without trust documents for personal ownership being drawn up. As the mortgage debt is with the original owner