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Expert Lu
Expert Lu, Business Consultant
Category: Tax
Satisfied Customers: 113
Experience:  ACCA Diploma
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I want to buy a property and develop it into 3 flats, then,

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Hello, I want to buy a property and develop it into 3 flats, then, rent the flats out for a monthly income. Money and tax wise what is the best way of do it? I'm thinking on buying the property with a mortgage, and with 3 remortgages, pay back my first lender and keep on paying monthly these 3 new mortgages. Is there any way of getting government aid to do this? How can I transfer the properties/put them under my company for tax purposes without paying stamp duty?
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Customer: replied 6 days ago.

Hello I am an expert with Just answer and I am happy to assist you with your question , I am currently reviewing your question and I will get back to you .

Thank you in advance

Customer: replied 6 days ago.
Thanks

Hie , to answer your question unfortunately there is no government aid to help with this. Mortgaging is the best way forward . You will be liable to capital gains tax and the company will be liable to Stamp Duty.

Wish you all the best

Expert Lu, Business Consultant
Category: Tax
Satisfied Customers: 113
Experience: ACCA Diploma
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