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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

Business News, News, Business, Education, Investing

4.82K Ratings

🗓️ 17 October 2017

⏱️ 8 minutes

🧾️ Download transcript

Summary

It's time for another couple of questions in this week’s edition of ‘Ask Rob & Rob’, Sam from London and Matt from Birmingham… ...ask Rob & Rob... How do I sell a property to my own company? PLUS: Any tips for renovations? ASK YOUR OWN QUESTION TO ROB & ROB! Don't be shy! All you need to do is leave a message with your name and whatever's on your mind. Just pick up the phone and call 013 808 00035 (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead. NEED MORE ANSWERS? The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors. Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way. Just don't hang around - there are only four Summits each year, and just 8 places available at each! Interested? Click here to find out more. See omnystudio.com/listener for privacy information.

Transcript

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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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