“It’s my property, can’t I sell it to my limited company at a discount?” Unfortunately, no. As a sale and purchase transaction, for tax purposes, the property must sell at the open market value.
What happens when a limited company sells a property?
When you sell a property through a limited company you pay corporation tax on the gain. You’re not entitled to use your capital gains tax-free allowance here, however for higher rate tax payers the overall rate of tax can be lower via a limited company.
How do I transfer assets to a limited company?
Transfer personal assets into your company
- Prepare an invoice. Once you have determined the value of the asset, you need to prepare an invoice from yourself to your company listing the items and cost of each separately.
- Transfer the money.
- Enter the transaction in bookkeeping.
What can property advisory services do for You?
We are highly experienced in providing advice throughout the lifecycle of properties to include pre construction, transitional management to practical completion, tenant fit out phase, ongoing steady state management through to plant replacement/refurbishment phase. For all enquires please complete the form below.
Where can I get property management advice in the UK?
We provide both technical and property management advice nationwide to numerous clients which range from individual high profile properties, to institutional property portfolios. Our experienced team includes multi disciplined technical and vertical transportation consultants supporting our clients across the UK.
When did Property Advisory Services ( PAS ) start?
Formed in 2008, Property Advisory Services (PAS) was created to provide quality technical and FM advice and solutions to managing agents, property owners, property managers, landlords and occupiers in relation to commercial property and premises management.
When to use a property management company for VAT?
Taking a generalisation of a 15% management charge the rental income would need to be in the region of £567,000 for this to be a concern. If the company does have to register for VAT this will add 20% to the charge, effectively reversing the benefit of using a management company in the first place.
