Selling our BTL properties and company?

by Readers Question

14:10 PM, 10th October 2016
About 2 years ago

Selling our BTL properties and company?

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Selling our BTL properties and company?

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.sell

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



Comments

Jon Pipllman

15:57 PM, 10th October 2016
About 2 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)

Moneesha Imrit Ludhor

8:32 AM, 11th October 2016
About 2 years ago

Hi, what is location for the properties.

thanks

Michael Barnes

11:06 AM, 11th October 2016
About 2 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.

PaulM

11:22 AM, 11th October 2016
About 2 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

david corless

11:55 AM, 11th October 2016
About 2 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

PaulM

20:50 PM, 11th October 2016
About 2 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

Carol Edwards

22:13 PM, 11th October 2016
About 2 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.

david corless

7:50 AM, 12th October 2016
About 2 years ago

Reply to the comment left by "Paul Mullally" at "11/10/2016 - 20:50":

thanks Paul

Hugh Pattison-Appleton

15:29 PM, 15th October 2016
About 2 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

Mark Alexander

17:04 PM, 15th October 2016
About 2 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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