Landlords Alliance – Emergency Euro Elections Statement21:09 PM, 21st May 2019
About 3 days ago 70
I am thinking of starting the process of incorporation for my property portfolio and in doing so I am aware of the potential SDLT and capital gains tax implications involved. A number of my properties, as you would expect, have risen in value.
However, I have a couple that have not shown any increase in value since the time of purchasing although they have been good generators of cash from rent.
It occurred to me that I could use these properties as the basis for starting incorporation thus avoiding the CG implications. Have I missed anything in my logic? Also, if I chose to go ahead would it be best to create a new company from scratch or adopt what is known as a ‘shelf company’
Many thanks in advance for anyone’s thoughts and observations
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