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Recent content by fly101
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Purchasing already owned buy-to-let flats through contracting Ltd
I'd certainly like to know if there is any precedent for this, or else any show-stopping impediment. Otherwise, for my own circumstances only, I think it could work for my intention of departing contracting and simply running and expanding my portfolio and using that to draw an income...- fly101
- Post #8
- Forum: Accounting / Legal
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Purchasing already owned buy-to-let flats through contracting Ltd
Stamp duty - nearly all of my buy to lets are 100-150k, so stamp duty will be nominal or zero. CGT - I plan to stage the sales over the next 3 years. I don't think there have been large capital gains, although this is a consideration. Mortgages for a limited company are not massively more...- fly101
- Post #7
- Forum: Accounting / Legal
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Purchasing already owned buy-to-let flats through contracting Ltd
Tax changes on buy to lets will be changing. I think it is beneficial to have my portfolio in a ltd company structure now. I currently own 7 properties, I intend to expand to 10 in the next few years. Brief explanation - tax relief on buy to let mortgage interest is going to be capped at 20%...- fly101
- Post #3
- Forum: Accounting / Legal
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Purchasing already owned buy-to-let flats through contracting Ltd
Hi I've been contracting a few years and have built up about 150k of capital in my company Ltd account. I also own a small portfolio of buy to let flats each with a value of about 100k in my own name. They're all on b2l mortgages with 75% loan-to-value. What are the implications of selling...- fly101
- Thread
- Replies: 15
- Forum: Accounting / Legal
