Selling our BTL properties and company?

by Readers Question

2:10 PM, 10th October 2016, 10 years ago 10

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Landlord News Landlords Questions

We have 4 properties let out in our Ltd company and 5 properties in our private name. We are looking to exit the whole BTL business and move on.

We are looking to sell our company as a whole and the other properties as the mortgages come to an end. Could you give any advice on the quickest and most cost effective way of doing this please.

Many thanks

Carol

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Comments

Jon Pipllman

Member Since August 2015 - Comments: 287

3:57 PM, 10th October 2016, About 10 years ago

I would be talking to letting agents in the area where the properties are located & offering them a nice earner for finding buyer(s)

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Moneesha Imrit Ludhor

Member Since June 2016 - Comments: 2

8:32 AM, 11th October 2016, About 10 years ago

Hi, what is location for the properties.

thanks

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Michael Barnes

Member Since July 2013 - Comments: 1434

11:06 AM, 11th October 2016, About 10 years ago

have you spoken to an accountant regarding the best approach?

I have a feeling (but no evidence) that spreading the company disposals over tax years and extracting the profits in those tax years may be better from a tax position.

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PaulM Read Full Bio

Member Since October 2014 - Comments: 69

11:22 AM, 11th October 2016, About 10 years ago

Hi Carol,
I note your comments about selling the company as a whole. As an Investor myself, I also have a limited company and am looking for Portfolio Purchases as well as individual properties as a quick way to expand the business. It would also be a lot quicker.

Good luck and feel free to PM me.

Paul

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david corless

Member Since May 2015 - Comments: 19

11:55 AM, 11th October 2016, About 10 years ago

Reply to the comment left by “Paul Mullally” at “11/10/2016 – 11:22“:

hello Paul we have a small portfolio in liverpool that we would be interested in moving on

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PaulM Read Full Bio

Member Since October 2014 - Comments: 69

8:50 PM, 11th October 2016, About 10 years ago

Hi David,
I don’t really know Liverpool. As a rule, I like to stick with areas that I have a good working local knowledge of such as Leeds, South Bucks., Middlesex & Dorset. I would also consider West and North West London.

Thanks Paul

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Carol Edwards

Member Since March 2016 - Comments: 2

10:13 PM, 11th October 2016, About 10 years ago

Reply to the comment left by “Moneesha Imrit Ludhor” at “11/10/2016 – 08:32“:

Hi Moneesha,
The properties are all in South East Wales.

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david corless

Member Since May 2015 - Comments: 19

7:50 AM, 12th October 2016, About 10 years ago

Reply to the comment left by “Paul Mullally” at “11/10/2016 – 20:50“:

thanks Paul

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Hugh Pattison-Appleton

Member Since January 2016 - Comments: 1

3:29 PM, 15th October 2016, About 9 years ago

Carol – I would attend a local property meeting, like PIN, where I am sure you will find an investor looking to expand their portfolio. Subject to negotiation, you could hand over the day to day management through a Purchase Lease Option and sell one a year (subject to your tax accountant’s advice) to mitigate some tax, whilst still benefiting from a guaranteed income. Good luck

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Mark Alexander - Founder of Property118 Read Full Bio

Member Since January 2011 - Comments: 12205 - Articles: 1397

5:04 PM, 15th October 2016, About 9 years ago

How would this reduce tax?

Also, my understanding of lease purchase arrangements is that the current owner carries the bulk of the risk for little to no benefit

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