Jump to content

Search the Community

Showing results for tags 'limited comapny'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Property Hub
    • Housekeeping
    • Property in the news
    • Introduce yourself
    • General property discussion
    • I need advice!
    • Progress journals
    • Property Podcast discussion
    • Property Hub University
    • Chit-Chat
  • The Property Hub Summit

Calendars

There are no results to display.


Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Website URL


Skype


Location


Areas I invest in


About me


Property investment interests


My skills


My goals


Interests outside property

Found 10 results

  1. Hello does anyone have a personal recommendation for someone who can offer some legal advice who is a specialist in property law please ? It is with regards to moving a property from a personal name into a new limited company and whether or not this would have to be a 'sale' per se or if a transfer or sorts can be done ? etc. Personal recommendations always the best! Thanks
  2. Hello, I am a new investor and understand you can take £3k out of your limited company into your personal name / year tax free as a dividend. I have three questions relating to this. 1. really I would like to continue building money within the company to invest in further buy to let properties. Therefore is it possible to take the £3k from rent/ year and immediately re invest the money as back into the company so that you could take a tax free lump sum in the future as this would in effect be your company returning the money you lent it? Ie. The same as you can remove your initial deposit tax free 2. If there is another person with significant control who owns the other half of the company can they also take £3k as a tax free dividend and probably in a similar way? 3. What paperwork do you need to show to do this? Is it a letter from the director to the share holder to say the terms of the loan and so on? Thanks very much for any help that you can offer!
  3. Hello everyone,I am new here, but have been following Rob and Rob for some time and very grateful for all their work they do for community, hopefully I’ll manage to get my own BTL soon.I would like to form “Rent to Rent” limited company and I was wondering if someone could help with advice please.I have found two 3 bedroom houses I can rent and sublet on room by room basis. The living rooms have already been converted into 4th bedroom, so there will be 4 people in total in each house.To my understanding, I need to:1. Sign commercial lease agreement between my LTD and the house owner.2. Make sure mortgage provider is aware of this lease agreement and also that the house is being let as HMO.3. Make sure landlord has building and landlord liability insurance.4. Make sure landlord’s insurance won’t be invalidated due to contract I have between my LTD and the landlord.5. Make sure landlord’s insurer will cover multiple tenants on separate ASTs.6. Make sure house has gas and electrical safety certificates, and also ECP.7. Make sure house meets all other requirements (fire safety, minimum room size, etc)8. Get public liability insurance for my LTD9. Get professional indemnity insurance for my LTD (do I really need it?)10. No mandatory HMO licence needed (4 people in Lambeth area in London)11. No planning permission needed (no HMO Article 4 Direction for this area)Questions I'm looking answers for:12. Is £100 per month a good budget to take care of payroll and everything else to do with tax? Accountant recommendations please.13. Do I need a licence/permission for my LTD to operate as R2R?14. Do I need to register myself as an agent? If so, is it as a “letting agent”?15. Do I need any other licence for myself as director/employee of the company?16. I won't be collecting deposit from the tenants, but instead will require 2 months rent payment upfront. Is this acceptable or I need to handle this money in particular way?17. Where can I get good template for commercial lease please?18. Shall I use company formation agent? I would like to keep my home address private. Any recommendations?19. What else am I missing??Hopefully this post will be a good starting point for other people interested in R2R business.Many thanks in advance for all the input!PG
  4. Hello, On the HSBC Business Account (Purpose of Account) it mentions: 1) Holding funds to be invested in the UK 2) Holding funds to be invested abroad Are holding funds mean like this: Bonds, stocks, private equity, hedge funds, pension funds, options, portfolio, mutual funds, futures, real estate, savings, personal funds, assets, shares. Is it any funds? The business account is for a private imited company. Thank you
  5. Hi, Has anyone had any experience or recommendations for a bank that will allow a new company account, which is owned by two companies. It is for a JV, we have set up a new Limited company for the project which is owned by two separate companies but struggling to find a bank account to support this structure. Any recommendations or advice would be greatly appreciated. Many thanks, Kate
  6. Hi everyone, I hope you are all safe with the covid 19 situation and all. Im in a position where my family will be selling a property and with a portion of this I will be using it to set up my own company and invest using this lump sum. To make this as simple as possible my mother will be selling a property for £300k. From that my mother will be buying a £200k house through a LTD company having £100k left over for retirement. Myself and my sister are looking at the best way to minimise the tax and be able to secure the £200k property for us in the future. Once the £200k property has been purchased we would refinance it and split that between myself and my sister (going off the fact the refinance sum would be £150k). I would use this money to invest and we would split the repayments in half. What I am looking to do is to purchase multiple properties through a limited company (thats not to do with my family) with that investment. If the original £200k property was bought via a company that myself, sister and mother set up, then refinanced, could I use that money (the £75k) to invest through my new company (my investment business) without having to pay taxes on it? Essentially moving £75k from one limited company into my own without tax implications (eg paying dividens as I would be reinvesting it and not spending it on myself (eg cars). So basically how can I access the funds from the refinanced property to use in my new business without paying tax on it. I appreciate this is a LOOOOONNNGGGGG question but I have scoured the internet and after reading many books thought I would try my luck here Any feedback is welcome Many Thanks David Tate
  7. Hi, Does anyone know if I was to set up a limited company to own a property with a sole director, would there be any additional stamp duty implications or issues with the lender if another director was added to the company at a later date? Many thanks
  8. Hi, I am not sure if this is the place for this, but i'll try anyway. I am looking at making my first BTL investments and am trying to figure out the most tax efficient way of going about this from the get go. After some reading into the options of buying as an individual or as a Ltd Co I have come up this the following, would love it if someone could tell me if this is a sensible idea or if not suggest any alternatives: 2 people earning ~35k gross per year each (~15k below higher tax band) We would split investment ownership and rental income 50/50 Would the best option be to: buy BTLs until the income generated (in addition to our main income) reaches just below the higher tax band, looking at things simply we could earn a total of just under 30k gross from property and remain basic rate tax payers @20%. Any subsequent investments should then be made through a Ltd Co in order to benefit from the Corporation Tax rate rather than paying the higher rate of tax band of 40% I can see an issue with this if one or both of us were to get a pay rise which in addition to the property investments would then push us into the higher tax band, but at that point we could sell one or more of the properties to the Ltd Co - I suppose the argument there might be, why not just buy it through a Ltd Co in the first place and not have to pay the SDLT twice? I hope that makes sense, thanks in advance Cheers Lewis
  9. Hi all Hoping some of you might be blessed to help as I’ve been unable to find the answer anywhere else. Me and my partner bought our residential home last year and paid the 2nd home surcharge as I own another flat (no Morgtage). We are now setting up a BTL business with a third party using a LTD company set up, we’ve had issues trying to sell the flat (which is where a large portion of our funds for the company are to come from) and want to let it out for a short period (it’s service charges are too high to make it a good investment long term) to get some come income to cover the costs. My question is this- if we moved it into the company could we claim back the second home surcharge as the title will have changed, even though I own 33% of the company? I know there will be costs involved in doing this (we estimate to be about £4.5k) but there’s about £17k that we could claim back so something we’re keen to do if possible. Thanks James
  10. Hi Guys, I've recently established that my future investments would be better made via a limited company. I have previously set up a limited company, non property related, so have a small amount of experience in setting up and running. I've got a few questions regarding, setting up, LTD mortgages and the correct SIC codes to use so hoping some of you may be able to help. Firstly, I've read a lot about setting up an SPV, which from my understanding is a separate entity from a current LTD company but under the same umbrella. My current LTD company is fairly small and only has a net profit of about 20k. Can anyone shed any light on whether it would be best to set up an SPV or a completely new LTD company? Secondly, from a lenders point of view, do they have a preferred way for this to be done? I’ve read a lot online that says they prefer it to be a new business with no income and use the directors earnings as a means of passing affordability. Can anyone shed some light? Lastly, the business will ideally start with a couple of BTL's then look at doing flips and refurbs in the future. As there will be two cor functions, BTL's & Flips, will there need to be two businesses or 1 business with two SIC codes? I've also scoured the SIC code list to try find the codes related to flipping and BTL's, can anyone advise what these are? Any help, advise, or pointers to information on this would be amazing :-) Rob
×
×
  • Create New...