Asigning BTL income to Ltd

Asigning BTL income to Ltd

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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

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By mn2taxhbj
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.

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