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Where Taxpayers and Advisers Meet

Search found 47 matches

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by ltd101
Mon Nov 28, 2016 9:43 pm
Forum: Property Taxation
Topic: Interest relief on Directors Loan to own LTD *pls help*
Replies: 0
Views: 631

Interest relief on Directors Loan to own LTD *pls help*

Husband/wife have large personal mortgage on primary residence of £1mil mortgage outstanding on interest only at 5% interest. Husband/wife own 1 share each in property investment LTD which own 5 properties unencumbered. All purchases were funded by DLA which owes both directors 500k each (total of £...
by ltd101
Sun May 22, 2016 1:01 pm
Forum: Company Taxation
Topic: company car BIK
Replies: 1
Views: 1092

company car BIK

Question, husband & wife own an LTD they intend to get 1 company car between them. They are both higher rate tax payers, the Co2 emissions are 42 so only 7% BIK in 2016/7 BUT my question is do both the husband and the wife have to pay the full 7% BIK each or is this shared between them given the acc...
by ltd101
Mon Apr 18, 2016 9:23 pm
Forum: Property Taxation
Topic: Interest relief on Directors Loan to own LTD
Replies: 1
Views: 670

Re: Interest relief on Directors Loan to own LTD

any thoughts on this one please?
by ltd101
Sun Apr 10, 2016 10:34 pm
Forum: Property Taxation
Topic: Interest relief on Directors Loan to own LTD
Replies: 1
Views: 670

Interest relief on Directors Loan to own LTD

I previously remortgaged my primary residence in order to lend (via DLA) £funds to my own Property Investment company. Previously because I remortgaged my primary solely for the purposes of the DLA I have been claiming interest relief at my marginal (PAYE) rate (I am a higher rate tax payer). Will O...
by ltd101
Mon Dec 21, 2015 11:04 pm
Forum: Property Taxation
Topic: Principal residence transfer to LTD question
Replies: 8
Views: 1954

Re: Principal residence transfer to LTD question

Sorry section44 does that mean I would need to pay SDLT for transferring to my LTD then or I wouldnt for my primary residence?
by ltd101
Mon Dec 21, 2015 11:01 pm
Forum: Property Taxation
Topic: Principal residence transfer to LTD question
Replies: 8
Views: 1954

Re: Principal residence transfer to LTD question

Thanks a lot, reason is that if I am struggling to sell my primary residence but want to buy another, I could transfer my existing primary into my property investment LTD at current market value & then buy my next primary residence without the 3% second property surcharge. Or at least that was my th...
by ltd101
Sun Dec 20, 2015 10:33 pm
Forum: Property Taxation
Topic: Principal residence transfer to LTD question
Replies: 8
Views: 1954

Principal residence transfer to LTD question

Husband & Wife own principal residence without mortgage. If they transfer to their own company (at market value), clearly no CGT will be due but will they have to pay SDLT? A few websites that I have read argue that there are some BIG exceptions for transferring primary residences to LTDs, presume t...
by ltd101
Mon Nov 30, 2015 8:03 pm
Forum: Property Taxation
Topic: New LTD
Replies: 8
Views: 1577

Re: New LTD

Managing the properties, taking tenant calls, organising handymen etc
by ltd101
Mon Nov 30, 2015 8:01 pm
Forum: Property Taxation
Topic: New LTD
Replies: 8
Views: 1577

Re: New LTD

Section 44

5 unencumbered properties via DLA just means, husband and wife lent personal funds via a directors loan account to buy 5 properties in cash with the funds
by ltd101
Mon Nov 30, 2015 7:22 am
Forum: Property Taxation
Topic: New LTD
Replies: 8
Views: 1577

Re: New LTD

1/ does it matter to Hmrc 2/ 0% profit margin - seems questionable no? 3/ if it's being managed by company b, tenants normally pay mngt agent then mngt agent pays the landlord in my experience. Would Hmrc have an issue if fully mngd by company b but company gets the rent directly and just pays compa...

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