Hi Charles, how do you actually transfer “properties with mortgage” from individual names to the FIC without refinancing? Pls clarify this. Thanks!
@Inheritancetaxadvice
6 ай бұрын
Normally an LLP is set up first and then the clients have to wait 3 years to claim incorporation relief. While waiting they rearrange thioer mortages for corporate lending
@principalitystays4682
Жыл бұрын
So to refinance one of the property, would that be your own name or in LLP name? Thanks
@Inheritancetaxadvice
Жыл бұрын
Sorry But I am unsure what you mean by your questions - can you please expin a bit more detail
@Natalie-dk5xy
11 ай бұрын
Say if you only have 2 properties and want to partner with a sibling? Is it best to stay as an LLP
@Inheritancetaxadvice
11 ай бұрын
You can partner with whomever you want but what happens down the line when you want to leave the company to your children. IMO - Running property should not be done with family or family as too big a risk of falling out
@rupertandrews6177
Жыл бұрын
Hi Charles, How do you avoid being caught in the following tax avoidance advice. Home Tax avoidance Guidance Property business arrangements involving hybrid partnerships (Spotlight 63) Find out about a scheme used by individual landlords to avoid paying tax on their property income and reduce Capital Gains Tax and Inheritance Tax.
@Inheritancetaxadvice
11 ай бұрын
WE are confident that the way we do it has no issues with HMRC - The compmanies who have fallen short were trying to take shortcuts in my opinion
@rupertandrews6177
11 ай бұрын
Hi Charles Please can you send me a copy of the excellent webinar I attended on the 4th November Many thanks
@Inheritancetaxadvice
11 ай бұрын
@@rupertandrews6177 - Hi Rupert _ I found your email and have just emailed it directly to you
@Inheritancetaxadvice
11 ай бұрын
These issues are only a problem to companies that tried to use "close to the wind" planning. Simply not an issue for us as we stick to the rules and HMRC guidelines
@rupertandrews6177
11 ай бұрын
Hi Charles Do you have a HMRC Approval Registration Number for your scheme Thanks
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