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.