Financing and interest relief to start a limited company portfolio?Make Text Bigger
I have a question about financing. I am a small time landlord with a handful of properties about to remortgage. I am also thinking of setting up a company ‘incorporate’ so that any future buy to let purchase will be better placed regarding the tax breaks etc.
Sadly it will cost too much in CGT and stamp duty to move my existing portfolio across to my (yet to be formed) company.
To finance, I will need to take some equity from an increased mortgage on a property that I own to put down as a deposit on two new properties in the company.
What is the best way to do this so that I can claim the interest from the increased mortgage against the new company owned properties.
Any help would be greatly appreciated.
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