How to assign BTL rental 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.

 

Manzar 

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Ownership

mhtax |

Asset

levelheaded1903 |

Property law

gbuckell |

Presumably this is akin

justsotax |

S.624 ITTOIA 2005?

George Attazder |
George Attazder's picture

Bounty

gbuckell |

But surely...

George Attazder |
George Attazder's picture

Bounty on a company?

gbuckell |

@gbuckell

George Attazder |
George Attazder's picture

Settlements

gbuckell |

The "too difficult" pile

George Attazder |
George Attazder's picture