Allow Landlords to evict tenants where there are 14 days rent arrears14:34 PM, 1st October 2020
About 3 weeks ago 97
We are the process of change from personal to limited for our property portfolio. Do all of the properties need to be transferred to one company or can they be transferred to two companies as long as they are all transferred. I also have existing companies with portfolios in. The main reason for this situation is due to size of the portfolio and the banks criteria of no more than £5,000,000 with one company.
I’m not familiar with with the lending criteria you’re referring to but would your lenders be happy with one holding company and multiple subsidiaries?
In regards to your question “Do all of the properties need to be transferred to one company” it is not entirely clearly why you are asking this. Are you are referring to the ‘whole business’ transfer rules under s162 TCGA 1992 which provides incorporation relief to roll capital gains into shares in the company the business is being transferred into?Show Form To Book A Tax Planning Consultation
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