Property Investment through Ltd

[Lockhouse]

If no letting is used then it's normally down to the tenant (if they are aware of their obligations).

If they weren't aware (most aren't) and you didn't declare it, you would potentially be in big trouble if caught. Not to be recommended.

[AnotherIan]

Can you hold UK property offshore, if you are a resident in the Uk?

The shipping costs are astronomical and I can never get someone to hold the end of the ribbon while I sort out the bow :/

Interesting thread. I know someone who manages a rental property through a Ltd. I'm getting the idea it's not in his best interests and will point him this way if I may.

[Lockhouse]

Interesting thread. I know someone who manages a rental property through a Ltd. I'm getting the idea it's not in his best interests and will point him this way if I may.

I did it because it was my only option and it worked for me - myco's property has doubled in value over 5 years (along with everyone else's) and the mortgage is down by 20%. But getting my hands on the loot is another matter entirely. (Sell, pay the CGT and wind up myco is the current preferred option - in a few years time).

[ASB]

I did it because it was my only option and it worked for me - myco's property has doubled in value over 5 years (along with everyone else's) and the mortgage is down by 20%. But getting my hands on the loot is another matter entirely. (Sell, pay the CGT and wind up myco is the current preferred option - in a few years time).

Could you perhaps get a bit creative on the sale?

e.g. sell 50%, let 50%, defer sale of the rest until the next tax year. Obvious intention being to spread the gain over more than one tax year. Probably won't help if owned by a company (probably won't work if owned by an individual either, but hey it's only an idea).

[Lockhouse]

Could you perhaps get a bit creative on the sale?

e.g. sell 50%, let 50%, defer sale of the rest until the next tax year. Obvious intention being to spread the gain over more than one tax year. Probably won't help if owned by a company (probably won't work if owned by an individual either, but hey it's only an idea).

Nice idea, not sure how it would work in practice. I'm planning on leaving the country and retiring in 5-6 years so I'll take specialist advice nearer the time. My company's being going since '92 so I'd hope to get BATR etc when winding up for retirement which will hopefully give me some tax mitigation.

[reginald]

I'm looking at splitting out part of my house into a separate flat, selling to ltd co, using ltd co to pay for redevelopment of said flat as a B&B sideline in the next few years. Not sure how the splitting of the property title will work. Anyone here done / doing anything similar ?

[Lockhouse]

I'm looking at splitting out part of my house into a separate flat, selling to ltd co, using ltd co to pay for redevelopment of said flat as a B&B sideline in the next few years. Not sure how the splitting of the property title will work. Anyone here done / doing anything similar ?

Sounds like a minefield to me. Splitting the property is a well trodden path, but why sell it to your company? You're getting short term gain for long term hassle - if you read this thread and search for others, you'll see what I mean regarding property through limited companies. In general it's the wrong thing to do.