For tax purposes, is it better to transfer properties (situated in England) into a limited company; and if so, what tax savings can I make? What are the tax consequences if the company then goes into liquidation?
Arthur Weller replies:
There are three main problems transferring properties into a limited company: (a) capital gains tax on the individual; (b) stamp duty land tax for the company; and (c) transferring the mortgages on the properties into the company. However, the rule restricting relief for interest against rental income, for residential landlords, does not apply to companies.
This question was first printed in Property Tax Insider in January 2019.