Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 3 weeks ago 48
I’ve been searching for my first BTL for a while and have found one which I am comfortable getting involved with.
Value – £155k.
Now I am in a dilemma as to whether to set up a LTD company to purchase it, or purchase it through my significant other.
At the moment our residence is in my sole name, so technically she owns no property. Therefore can she buy a BTL as a ‘first time buyer’ and therefore not have to pay the SDLT surcharge of 3%?
She is also in the lower tax bracket and probably will be for some time as she is a teacher, therefore much better than it being in my name.
Let me know your thoughts please
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