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Hello everyone,

 

Me and my sister have inherited a 4 bedroom detacted house which is currently worth £400k. Theres is no mortgage left on it. We have been adviced by a financial advisor  to move the property into a Limited Company and then mortgage agianst that for deposits on Buy-to-Lets which we are very keen to do. Finally, i want purchase my first home so by doing this, i should pay less in stamp duty. 

 

Since talking to my accountant and then him discussing with a collegue that is specilist in this area he has come back and said he isnt coverly convinced that this is best way.. 

 

If anyone has has experiences or advice on this subject of moving assests or limited companies, it would be greatly appreciated.

 

Regards

 

Ben

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