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The Property Podcast

ASK257: Is now a good time to move my property into a company? PLUS: Is Huddersfield a good investment area?

The Property Podcast

Rob Bence & Rob Dix

Education, News, Business News, Investing, Business

4.82K Ratings

🗓️ 13 October 2020

⏱️ 6 minutes

🧾️ Download transcript

Summary

Welcome back to another episode of Ask Rob & Rob. First up this week is Matt from York. He’s a long-term listener and has finally got in touch to ask a question around stamp duty. Matt has a couple of houses that are currently under his personal name. So he’s wondering if now would be the ideal time to move those properties into a limited company?  The reason for this is that stamp duty is currently at its lowest and he’s wondering if it will be beneficial to move his properties into a limited company. Our second caller this week is someone we’ve called Samuel.  Unfortunately Samuel invested a lot of cash into his property education and has found that he’s not getting much more from that than what he’s getting for free from Property Hub.  After looking into the hotspots that we recommend, he’s wanting to know why Rob & Rob have never recommended Huddersfield as a place to invest?  There’s a university, the prices are pretty good and with the current market, he’s wondering if The Robs think now might be a good time to target Huddersfield?  So, do Rob & Rob think now is a good time to be moving your property over to a limited company? And do they think you should consider investing in Huddersfield? Tune in to find out.   Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob, and I'm Rob, and this is Ask Rob and Rob.

0:07.0

It's Tuesday that means it's Ask Rob and Rob Day.

0:10.0

Luckily two listeners have done their bit and send us some wonderful property questions and that means that we can do our bit and supply some answers.

0:17.0

So those coming up in just a sec, but don't just be content with listening to other people's questions, send us one of your own.

0:22.0

You should know this number by now. But just in case... listening to other people's questions, send us one of your own.

0:22.6

You should know this number by now, but just in case it's not imprinted on your memory,

0:26.9

you can call in on 013, 808,000.35, or you can go to Property Hub.

0:33.7

dot net slash ask and leave us a message via the website.

0:37.9

That's exactly what Matt has done,

0:39.4

so let's listen to his question.

0:41.8

Hi Robin Rob, this is Matt from York.

0:44.0

Thanks of the much for the great content you've been putting out over the years.

0:47.0

Been a long time follow-up.

0:49.0

Just got a question to ask regarding the stamp duty or the current stamp duty. My question is, if I've got some

0:56.5

houses that are currently under myself as a personal buy-to-let mortgage, would now be a good time to transition these into a corporation

1:08.6

whilst the stamp duty is going to be its lowest time and if so are there any tips that you could provide on doing that

1:16.3

thanks for this much and keep up the good work.

1:18.9

Thank you Matt the answer to that question is yes because stamp duty is temporarily lower it probably does

1:25.0

make it a good time to move properties across from your own ownership into a

1:28.8

company compared to before the stamp duty reduction of course we can't say what the situation is going to be in the future.

1:34.7

So it might be even better than it is now for some reason.

1:36.6

We don't know, but what we can say is now is better than it was.

...

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