10:30 AM, 1st August 2018, About 4 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.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|