Rent family home and move it into Ltd Company?Make Text Bigger
I’m currently in the process of purchasing a new family home. The plan is to keep our current family home and rent it out, the mortgage is low on the property (7% LTV to be precise). I currently also have a LTD company which holds 2 rental properties.
Our thinking is that we would transfer the once family home into the LTD company and then keep all the rental properties owned by the LTD.
I would assume that it would be a simple sell (from own name) to LTD company (buy).
Is there anything else worth considering?
Or is it as simple as this?
Is there any methods to reduce any costs when moving the asset across? Can anyone suggest the best routes to take for this?
Please help with any additional info if I’ve missed anything.
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