Hi,
Me and me brothers have three houses all bought by my father
House 1 has on the title deed me and my dad's name
House 2 has on the title deed my fathers name
House 3 has on the title deed my fathers and my brother's name
My father doesnt pay any tax in the uk as he works in africa.
my question is as follows;
I want to consolidate the three houses into a company (with a further view to mortgage then , release equity etc...)
1) Would we(I) have to pay any CapitaL Gains Tax If you would remove one person from the title deed?(aplies to the two houses with two names on the deed)
2) Is there a tax efficient way of moving the three houses into a company trying to avoid Capital gains tax?
3) any more suggestions?
Many thanks,
Jos
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