How do I form a buy-to-let company?
In order to set up a company you need to register with Company House, completing the necessary paperwork. This can be complicated, as the paperwork can be in-depth with legal and accountant jargon. Therefore you may find it easier and ultimately more cost-effective in the long run to ask one of our solicitors to set up your company for you. We can do this as an add-on to your conveyancing.
How do I transfer property into a company?
As the current owner, you are effectively selling your property to a company. Therefore you will need to redeem your current mortgage if you have one and set up the required finance in your company name. Selling the property will mean you are liable for stamp duty and may have to pay capital gains tax. Consequently, we would also recommend you speak to an accountant first.
How much will my legal fees be?
The fees payable for company buy-to-lets are as per the Attwells Residential Calculator plus an additional sum of £225 plus VAT. For more information about pricing and disbursements please click here.