How to assign BTL rental income to Ltd?

Posted by manzar PM | on Mon, 07/01/2013 - 12:40 466 11 comments | report

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

Comments

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mhtax | Mon, 07/01/2013 - 12:51

levelheaded1903 | Mon, 07/01/2013 - 23:33

gbuckell | Tue, 08/01/2013 - 10:26

justsotax | Tue, 08/01/2013 - 10:41

George Attazder | Tue, 08/01/2013 - 10:48

gbuckell | Tue, 08/01/2013 - 16:05

George Attazder | Tue, 08/01/2013 - 17:04

gbuckell | Tue, 08/01/2013 - 17:31

George Attazder | Thu, 24/01/2013 - 11:47

gbuckell | Thu, 24/01/2013 - 12:26

George Attazder | Thu, 24/01/2013 - 13:28