I'm considering incorporating my existing portfolio of three properties to mitigate Section 24. What are the key tax implications (stamp duty, capital gains) and accounting complexities I need to be aware of before making this switch?
Quick Answer
Incorporating an existing property portfolio impacts SDLT, CGT, and financial reporting. It can offset Section 24, but consider the costs, legal complexities, and increased administrative burden before proceeding.
About This Topic
Weigh the tax implications an accounting complexities of incorporating your UK property portfolio. Understand SDLT, CGT, and Section 24 effects.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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