Allow Landlords to evict tenants where there are 14 days rent arrears14:34 PM, 1st October 2020
About 3 weeks ago 97
I already run my own company and am looking to venture for the first time into BTLs.
For a variety of reasons (including already being a higher rate taxpayer and the new Taxation circumstances) I am looking to start all of this up through a Ltd company.
In order to do this I am planning on setting up an SPV Ltd company and then loaning this new company money from the profits of my existing company as seed capital for deposits.
However – this will effectively show as a liability against this SPV company before the get go.
Will lenders have a problem with this? – if they will, are there any recommendations on how to pull seed capital into this new SPV company without first being subject to 40% taxation?
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