intercompany loan repayment

[mgrover]

I've done similar setting up a seperate SPV and using it to by multiple BTL properties. I had a large sum in my LTD and basically handed it over to the new SPV as an interest free loan which allowed me to get the ball rolling on buy BTL's (bought them off myself personally). Many benefits one being the release of a massive amount of equity I had personally in my personal BTL portfolio and in effect get at the cash sitting in my LTD without any divi tax hit. Moving to an SPV also has some advantages espeically if your looking to get mortgages as interest is still tax deductable.

I hear a lot about the impact of government meddling in BTL and it is a pain and making things difficult but at the same time the actual supply of rentals in my area has dropped as a lot have left the market leaving the rest to clean up. Rents are up about significantly over the past few years so more hassle has resulted in more profit

i guess we'll see how it goes.

i think even if Labour remove the interest as a corp tax deductible thing should still be fine if i've my numbers right.

also has the added bonus of any money required can be lent from my ltd co without needing to worry about personal tax.

[pjt]

i guess we'll see how it goes.

i think even if Labour remove the interest as a corp tax deductible thing should still be fine if i've my numbers right.

also has the added bonus of any money required can be lent from my ltd co without needing to worry about personal tax.

Yeah I've used my LTD as a wee source of cash when needed for the SPV so it certainly beats eating into your personal allowance.
I've not heard any concerns that interest relief would be removed from limited compaines (not really a concern as most of mine are mortgage free) but I'm not sure that would go down well. Think about all the big corps getting into the game that would kill them off I'd imagine as most of them are probably leveraged up to the max.

One thing I would say is its not cheap to move stuff over, so think long term and only do it if your in the game for the long run. I'm looking at the SPV as a pension so don't plan to sell any of my properties ever.

[mgrover]

Yeah I've used my LTD as a wee source of cash when needed for the SPV so it certainly beats eating into your personal allowance.
I've not heard any concerns that interest relief would be removed from limited compaines (not really a concern as most of mine are mortgage free) but I'm not sure that would go down well. Think about all the big corps getting into the game that would kill them off I'd imagine as most of them are probably leveraged up to the max.

One thing I would say is its not cheap to move stuff over, so think long term and only do it if your in the game for the long run. I'm looking at the SPV as a pension so don't plan to sell any of my properties ever.

i dont tbh, but its why ama get 1(and the one I am getting is the one i live in atm, so i know its properly sorted, no crazy hidden damp) do it for a couple of years and see if i fancy it. if i do make a proper go of it.

[pjt]

i dont tbh, but its why ama get 1(and the one I am getting is the one i live in atm, so i know its properly sorted, no crazy hidden damp) do it for a couple of years and see if i fancy it. if i do make a proper go of it.

Be warned Tenants can be a right pain in the arse. But they pay for your property so give them some benefit of the doubt lol