08-23-2011, 07:26 PM
I wondered if someone could help me. I have just set up a ltd company to invest in property. We have a business account but the money we have is currently in a current account. We are very close to completing on the property. What I need to know is
1. Do we need to put the property in the name of the Ltd company or can I put it in my own name?
2. Does the money have to come out of the business account when we pay for the property or can we leave it in the current account?
What I want to do is avoid capital gains tax which I think I may have to pay if we put the property in our name rather than in the company name.
Thanks for your help
Matt
1. Do we need to put the property in the name of the Ltd company or can I put it in my own name?
2. Does the money have to come out of the business account when we pay for the property or can we leave it in the current account?
What I want to do is avoid capital gains tax which I think I may have to pay if we put the property in our name rather than in the company name.
Thanks for your help
Matt
