One key strategy Charterhouse have worked on is how to transfer rental properties into a corporate without the need to have over eight properties or to be seen to be working over 20 hours a week on the property portfolio, ensuring you maximise the returns from your investment. There were many questions raised around this point including:
- If the property portfolio is incorporated into a LTD Company – how will the individual draw the money out tax free from the LTD Company. Will there not be a crystallisation of the gains from cost price to market value of the properties?
- How can I pass the profit onto my children while retaining the capital and control of my property portfolio?
- When dealing with mortgage lenders in a corporate will the interest rates and products be greater?
These were just some of the questions asked during the webinar, but don’t worry if you missed it you can listen to the whole webinar here.
If you have three or more properties that you rent out and want to know if you are paying the right amount of tax or if there is a more efficient way of managing your property portfolio contact David White and complete a short questionnaire. Charterhouse will then prepare a bespoke illustration to show you the benefits and potential tax savings of a property restructure. If appropriate we will arrange a meeting with you to discuss the illustration and the property restructuring at no cost to you.