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Dear all, I have been looking for hours for an answer on-line and it appears that the question I have has not as yet been discussed elsewhere. Question: Is it possible to setup a LTD company for the purpose of renting my own house to it (4/5 bedrooms), to let the LTD (that I own) sublet it and I rent one of the rooms in order to keep it as my primary residence? I think this would allow me to take some expenses from the income that are therefore jot taxable. If I was just to sublet to two other people more of the income would come to my Gross Income. Any advice/suggestions would be greatly appreciated! Kind regards, Pegs

I am looking to work out a strategy of buying a house that can let out and be lived in by ourselves. I am not sure if we meet the criteria though! The house will be bought using our Lifetime ISA I am looking therefore at a residential mortgage and declaring it as our primary place of residence. However as part of my wifes employment we are given free accomodation on the school campus. We will live here during term time. Non term time (weekends and holidays amounts to approximately 197 days a year. Any advice on how to achieve this and what restrictions I face from both HMRC and mortgage lenders would be appreciated. Thanks, Jamie

Hi Hubbers, Apologies if this has been asked and answered before (I could find anything in the search option). A potential flip has just come on the market directly opposite my main residence that I own jointly with my partner (we aren't married). >>I'm thinking I could move in across the street whilst the refurb is being undertaken, and make this my primary residence (with my partner continuing to live in our existing house) I'm guessing this would mean that I would: Get CGT relief as the flip is my main residence. Avoid the 3% surcharge on purchase of the property as this is replacing my primary residence. However how would the tax man view the stamp duty we previously paid on our primary residence (i.e. the house me and my partner live in currently)? Would they expect some clawback? Anyone have any other potential pitfalls to what I've described? Thanks hubbers! Jono

Hi Everyone, This is my first post after listening to the podcast for a few years, and unsurprisingly it relates to SDLT. Myself and my wife use to own a London flat (main residence) before we were married, which we sold back in 2016. Since then we've been in rented accommodation. We're now looking into starting our property adventure but would like some advice on the following. Given we sold a primary residence and have not completed the purchase of a replacement main residence before the 26th November 2018, it looks to us we will need to pay the additional 3% SDLT if we buy any property in our names. To us the most tax efficient way forward looks to be to start buying BTL properties into our LTD company, paying the 3% surcharge each time. However when it then comes to buying a main residence in London, which will create a much high SDLT payment, we transfer one of those BTL properties into our individual names, pay the 3% surcharge again and designate it as our primary residence and then sell it back to the company when we purchase our main residence, avoiding the additional 3% surcharge on the new main residence. There should be a break-even point where the additional 3% surcharges incurred moving the BTL property out of and then back into the LTD company are greater than the 3% surcharge on the new main residence. For example on an £800k London flat the 3% surcharge equates to an additional £24k SDLT, so as long as the cost of moving the BTL property around is less than that then it should still be the right economic decision. This would put the break-even value of the BTL flat at £275k, as it incurs £12k SDLT moving the property out of the company and another £12k moving it back in. Any thoughts on whether this is possible, pragmatic and the most tax efficient way of ending up with a new main residence in London and a BTL portfolio in a LTD company would be greatly appreciated. I've also ignored the impact of any CGT tax liability generated in the above scenario and any thoughts on this would be helpful. Sorry for the long post, but wanted to come up with a suggestion to be critiqued rather than just a request for information. Thanks, James

Hi all, Does anyone have experience of leveraging a second charge on their own residential home, with the view of releasing equity to invest, and also remain living in that property? Thanks.