bertie
Apprentice
Joined: 16 May 2004
Posts: 4
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 Posted: 02/18/08 - 00:39 Post subject: |
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| If you have a residential property already and you want to own it through the company, you will have to transfer it first, which will then make you liable to paying CGT. If that property is a business property, which means a substantial amount of activities is done on it, then you get a relief. If all this is not the case, forget about CGT, as you will then need a loan you will make through the company in order to ensure enough funds and you can get a good rates for it. Also, there is a stamp duty, unless the property costs below £60,000. In any case, it is more profitable buying a property through the limited company, be it second or first. I hope you find this helpful. |
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