Rolling over CGT Liability into a Ltd CoMake Text Bigger
Has any one has any experience of doing the following; selling the home that they live in and a rental property. Setting up a Ltd Co, putting the equity from the above two properties into the Ltd Co as directors loans and then getting the Ltd Co to purchase as semi commercial property (house not rented and garages and an office that are rented out). Living in the house but continue to rent out the garages and office.
There is a large CGT liability on the rental property which I have never lived in. I have been told that I can roll the CGT liability over into the Ltd Co. Is this possible/allowable and if so what steps do I need to take active this?
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