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Where Taxpayers and Advisers Meet

BTL v Ltd Company BTL on Wife’s Property

caffe
Posts:28
Joined:Wed Aug 06, 2008 4:02 pm
BTL v Ltd Company BTL on Wife’s Property

Postby caffe » Fri Apr 15, 2022 4:21 pm

Hello

I am sure this question may have been asked before but wanted to get an up to date viewpoint on the following.

My newly wedded wife and I are about to buy our family home, we both have properties in our sole name.

1) My property originally joint owned with my ex-wife has had mix uses over the 22 yrs of ownership as PPR, then rented and for a period as my home whilst my divorce was finalised. The property is now let again under a standard BTL.
2) My wife has a property in name that we would like to keep as a long term investment. Originally joint owned with her ex husband and recently acquired 100% through transfer of equity.
3) We have found a family home which I know we will have to pay higher rate of SDLT

The question is how would one calculate the best cost option for tax on turning my wife’s property to a BTL ?
If we choose the LTD company purchase we would make both of us joint owners / directors


Also is there anything to consider regarding CGT on my property ? This property will be used half of the time by myself for when I am in London for work and weekends.

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