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The Property Podcast

ASK110: How do I sell a property to my own company? PLUS: Any tips for renovations

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 17 October 2017

⏱️ 8 minutes

🧾️ Download transcript

Summary

This week's Ask Rob & Rob...

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob, and I'm Rob.

0:02.8

And this is Ask Robin Rob. It is Ask Rob and Rob, the show where you get your questions in, we get our answers out and everybody wins.

0:17.0

Super simple format, but everyone seems to like it, so we'll keep doing it.

0:21.0

And it's a super simple format to get involved as well.

0:23.7

Yep one phone number you need to know

0:25.9

Oh one three eight oh eight triple oh three five oh one three eight oh eight

0:30.0

triple oh three five but actually I lied you don't even need to know that phone number. You can keep it even simpler and just go to the Property Hub.net.

0:37.0

Ask. Whichever you do, just leave us a voicemail and before too long you'll hear us introducing your question just like I'm doing right now

0:43.9

with Sam from London. Hi Rob and Rob it's Sam calling from London I currently have

0:48.6

three rental properties in my own name I have weighed up my options and done the

0:52.3

calculations and I plan to invest in property

0:54.6

going forward through a limited company. I have a question for you about selling a property

0:59.7

that I currently have on my own name to a new limited company and how to fund this transfer.

1:05.0

I don't have a large amount of free capital at present and the only way I can imagine selling

1:09.2

property to the company would be to sell the property and use the funds from the sale to lend to the company and use as a deposit on a new mortgage through the company.

1:18.0

Obviously there are fees and capital gains tax and stamp duty which I will need to consider. But ignoring these for a second,

1:25.0

is this a feasible way of selling the property to the company or do I need to have a new deposit

1:29.3

already available sitting in cash in the company to be able to proceed.

1:33.0

Thanks for all you do in the world of property.

1:35.0

I hope to hear from you soon.

1:37.0

Cheers, Sam, good question.

1:39.0

So to put it simply, Sam wants to sell her property to her company. so in a way buying it from myself, but the company's buying it her company.

...

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