Damien D

Registered with Property118.com
Tuesday 5th April 2016


Latest Comments

Total Number of Property118 Comments: 4

Damien D

13:22 PM, 6th May 2017, About 4 years ago

Setting up a company to manage my own properties - is it worth it ?

Hi, i like this suggestion but have a query? Would you not have to pay VAT on the transaction, ie as a personal individual to your service company, which you would then pass on to HMRC?... Read More

Damien D

14:33 PM, 16th July 2015, About 6 years ago

Moving a BTL portfolio into a Ltd company structure with no CGT

Reply to the comment left by "Mark Alexander" at "16/07/2015 - 14:03":

Mark, ok thanks, it does raise the question of what is the correct way of doing this?

Should i get a market valuation done just for the purposes of satisfying hmrc / cgt?

I guess i could ask hmrc that question.... Read More

Damien D

13:55 PM, 16th July 2015, About 6 years ago

Moving a BTL portfolio into a Ltd company structure with no CGT

Hi, i have a question re CGT in reference to transferring assets from personal to ltd company ownership. I guess the issue is how the value of the asset is assessed for CGT when it is being sold/bought.

If i am effectively selling a property to my own ltd company, can i not set the value myself – for example the price i paid for it or the value of the mortgage?

So if i bought a property, say 3 years ago for £100k, its market value now may be £120k, but what is stopping me selling to my ltd company for £100k = no gain, no cgt?... Read More

Damien D

12:46 PM, 16th July 2015, About 6 years ago

Summer Budget 2015 - Landlords Reactions

Hi, excellent forum! Its certainly explained the details of the tax changes to me so thanks to everyone who explained that over the last few days - even to that guy who pretended not to understand!!

i think probably best strategy is to move properties to limited company structure, but i have a question about CGT.

Mark, i think you previously mentioned this as being a problem.

I guess the issue is how the value of the asset is assessed for CGT when it is being sold/bought.

If i am effectively selling a property to my own ltd company, can i not set the value myself - for example the price i paid for it or the value of the mortgage?... Read More