21:37 PM, 14th September 2022, About 3 weeks ago 3
Hi, I finally decided to transfer my personally owned & lived in property to a ltd company for renting out.
I have always lived in this property and will be moving out soon.
I understand that transferring to ltd company and rent later will save me from CGT for past dates.
I also am aware the SDLT is payable but I decided that it will be justifiable in the long term inheritance planning.
There is no mortgage, I am the property owner and my immediate family are involved as shareholders of the company.
I am considering to do my own conveyancing because there are no third parties involved and there are just couple of forms to be sent to HMLR (AP1, TR1, ID1) and HMRC (SDLT Return).
Am I making a significant mistake here?