Transferring a property into an SPV – what do you need to know?

One of the options available is to manage the portfolio within a special purpose vehicle (SPV) limited company. A non-trading SPV can hold all or part of the client’s buy to let portfolio, allowing them to incorporate their existing portfolio from direct ownership to a limited company set up. However, your client should seek independent specialist tax advice before making any decision.

If your clients are considering this, we could support them.

Please be aware that the directors on the new limited company must be the same individuals that are named on the current mortgage. If not, the request will have to be submitted as a new application, and therefore won’t be party to the process.

 

Read the full article here.

Credit: Kent Reliance

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