Blogger
Share this content
0
1
623

Asigning BTL income to Ltd

Hello,

A BTL is owned in 99:1 ratio, by a father and son.  Both are higher income tax payers. They are looking to assign the BTL rental income to a Ltd.

1. How would they assign the rental income to the ltd?

2. The BTL has a mortgage, can this mortgage payments and all the relevant expenses be reimbursed to the payee from the ltd?

Thanks in advance for your help and happy new year.

Manzar

Replies

Please login or register to join the discussion.

avatar
04th Jan 2013 10:56

Check with mortgage company

befoe doing anything I would check with mortgage company that they are happy with your proposals, and what other security they would need if income is not being paid to the existing borrowers.

Thanks (0)