My accountant suggested restructuring my portfolio into a Limited Company to mitigate Section 24 mortgage interest relief restrictions. What are the key tax implications and hidden costs, beyond corporation tax, that I need to consider when transferring properties from personal ownership?
Quick Answer
Restructuring a property portfolio into a limited company requires careful consideration of SDLT, CGT, remortgaging fees, and legal costs, even though it can mitigate Section 24's impact.
About This Topic
Explore the tax implications and hidden costs of transferring personal properties to a limited company in the UK, including SDLT, CGT, and mortgage fees for landlords.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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