10:30 AM, 1st August 2018, About 6 years ago 2
My aunt (+70) cannot raise mortgage finance within her Offshore company, on buy to let property. She has no mortgage at present property value £500k.
She wishes to incorporate UK ltd company and transfer the property from offshore to onshore Uk Ltd. I am age 40 and her nephew.
She wishes I join the business and help raise the mortgage finance from within the UK mortgage market, using a buy to let Ltd mortgage.
What is the best way for me to get introduced into the UK ltd company as a shareholder, an issue of shares?
What steps should she take into shift the UK property from the Offshore company into the UK Ltd company?
She wants to minimize stamp duty and capital gains on transfer, but wants to ensure she follows all the correct steps to ensure she in line, as the main commercial reason for the move is to raise mortgage finance, as lenders do not wish to fund the Offshore vehicle.
Also here age means she needs to plan for estate duty purposes and wishes for me to help manage the business. I will become 50% shareholder.