Transfer Property To A Ltd Co WITHOUT Paying Capital Gains Tax or Stamp Duty Tax

Landlords with more than three properties held in their personal name, or paying higher rate tax, should consider moving their property into a limited company to save tax.

Using a company structure can also help you pass property onto children while mitigating the inheritance tax burden.

It has been 5 years since George Osborne introduced his Sec 24 tax changes, penalising millions of buy-to-let landlords, but you can do something to legally avoid the ‘Osborne gut punch’.

The process is complex, legal and requires specialist advice. Landlords will incur fees, but the savings more than outweigh the costs.

With the right advice you can legally create a tax-free pot of money!

If you are a landlord or property investor with three or more properties in your own name and would like to save tax email or message me.

Personal Debt Soaring Citizens Advice warns.

Half Citizens Advice clients are falling behind with debt payments and budget.

With lending interest rates rising, unlike savings rates, and soaring inflation more and more people are using expensive credit card debt to pay for basic like food.

Citizens Advice guide to dealing with debts

1. Work out how much you owe, who to, and how much you need to pay each month
2. Identify your most urgent debts. Rent or mortgage, energy and council tax are called priority debts as there can be serious consequences if you do not pay them, and so they should be paid first
3. Calculate how much you can cover in debt repayments. Create a budget by adding up your essential living costs like food and housing, and taking these away from any income such as your wage or benefits you receive
4. See how you could boost your income, primarily by checking what benefits you are entitled to, and whether you are eligible for a council tax reduction or a lower tariff on your broadband or TV package
5. If you think you cannot pay your debts or are finding dealing with them overwhelming, seek support straightaway. You are not alone and there is help available. A trained debt adviser can talk you through the options available
Source: Citizens Advice

The debt charity StepChange reports that the cost of living as their main reason for debt, and seven in 10 of them are women.

The credit report company Clearscore reports data which shows a 7.1% increase in the use of expensive overdrafts since 2021.

National Energy Action expects the number of UK households in fuel poverty to increase from 4.5 million last October to 8.4 million in April.

You may also be able to reduce debt repayments or even write off all or most of your debts with the right professional advice. Email or message me.

Recessions create opportunities to make money and build a fortune if you have the correct mindset.

For more ideas and tips, see out my new training to help you get control of your finances in 28 days!

#freetraining #savemoney #moneysavingtips #mortgage #creditcarddebt #costofliving #goals #houseprices #property #getcontroloffinances #money #halifax #housingmarket #interestrates #inflation #tax #section24 #buytoletlandlrd #propertyinvestor

[woody]

What would your advice be now in view of spotlight 63 ?

[mopar]

Too much self advertising, why not just tell us how to actually transfer to Ltd

[arjunbassi]

Hi. Can you let me know how much this process costs from start to finish?

[matthewherbert]

Do you still help landlord. Got 5 I need to move to my ltd

[jonathanhowson]

Im thinking of selling my primary residence to a limited company, then buying land and building a new home and repeating every 3 years. As its my primary residence it would be exempt from capital gains for me personally and I believe subject to 3% stamp duty for the ltd company. I want to build up a portfolio of properties to pass onto my children who can say 'daddy built these'. Also, it would be cool to have a new house every 3 years and develop each one learning from what was good and bad in the last design. I work in construction and property as a building surveyor and I come from a property development background, so can do a lot my self. Any thoughts would be welcomed.

[charleskellymoneytipspodca]

As I said, I suggest you take advice from an accountant. Your primary resident is already exempt from capital gains tax so you could do what many others have done and just keep scaling up your property without incurring capital gains tax and additional stamp duty for second properties.
You can also benefit from lower residential mortgage rates
Many people I know have made a lot of money, just buying fixer up properties and living in those while they renovate them and later selling them

[khurrambinmubarak]

Charles i need yo transfer one flat in to limited company and i dont wanna pay stamp duty or CGT please advice

[ekjpxwz]

Hi - can you still transfer into a ltd company if the properties are mortgaged or do they need to be mortgage free

[DatDemon]

Hi Charles, I would like to enquire about transferring my personally held BTL property into my already existing limited company.

[TheCat]

Hi Charles love your video. I received recently inheritance and want to buy a property. I am still married but this inheritance have given me the opportunity to leave. I would like to protect this property from any divorce proceedings if I decide to divorce. Can you please give me some advice how to go forward. Thank you

[reetapandey]

I have 3 properties 2 on rent and one I am living. I would like to move all 3 properties into Ltd company. Is it possible?

[kalpnashah]

what happens if you got one property btl and you want to transfer to child how do you gift this if morgage free

[mulasabegum]

I have two property on my name I want two bay more properties how can put in limited company

[DB-jppr]

Hi Charles, enjoyed your video. I would like further advice on transferring my personally owned btls in an ltd. I would very much like to speak to your tax advisors as mentioned.
Many thanks

[ahmedmaysani]

rather confused, is this about money saving of property transfer to LTD

[stevo]

Sounds like aggressive tax avoidance. HMRC could claim tax retrospectively at a future date if the rules change.

[wasimahmed]

Could I transfer my primary residence into a ltd company and then remortgage that property to use the funds as a deposit on a second home, whilst at the same time avoiding the additional home stamp duty rate? Thanks

[francissaunders]

Do you include aimless waffling in the course? Just asking for a friend...

[abhisheksheoran]

Hi, you mentioned about your email address to get in touch. I am keen to explore this route to see if there is a scope for me.

[altafsamji]

Hi Charles, how does one contact you? Thanks