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w885sl
New Member
Anyone who has recently done this and can offer guidance on how to approach this?
Has this worked for you? Any other learnings?
Has this worked for you? Any other learnings?
thanksI think it only really works when you reach a level which makes it financially viable from a cost and potential tax savings point of view. One of the huge long-term benefits to transferring significant amounts of property into one limited company is the sales process.
If you are looking to sell your properties lock stock and barrel, you will simply sell shares in the company as opposed to going through the legal rigmarole of selling each individual property. In the eyes of the law, the company is the owner of the properties and that won't change. What will change is the owners of the company.
Speak to an accountant.