This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Marketing

A bit of data which remembers the affiliate who forwarded a user to our site and recognises orders from those who become customers through that affiliate.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Enrol now on the free landlord tax strategies course


To enrol in the 7 tax saving strategies email course complete the form below. The first module will be emailed to you immediately.

Enrol now on the free landlord tax strategies course

Thank You!

Free Tax Saving Strategies Course
The seven FREE property tax busting strategies course reveals the secrets of how to legitimately beat the taxman and boost your property profits!
View All Questions

What is the cost and tax implications of separating my properties into their own separate Title Deeds?

Question
My portfolio consists of 11 properties all under one Title Deed.  I am now in a position where I need to separate some of these properties to have their own deeds.  The business is a limited company.  What are the costs and tax implications of separating these properties? Would it be of a benefit to have them under my own personal name, or to establish another Company?

Arthur Weller Replies:
Similar to that which was explained in the previous question, it is beneficial ownership that counts for tax purposes, and pure legal ownership (as in the case of a bare trust) is not relevant. Therefore splitting the single title deed into separate ones, which is purely a legal ownership matter, and does not in any way affect the beneficial ownership, is not something that would trigger tax. However moving the properties out of the ownership of the company could trigger capital gains tax for the original company, and if you take the properties into your personal ownership, it could also trigger an income tax liability for you.

Property Tax Insider This sample question and answer is taken from Property Tax Insider, a monthly UK tax saving magazine for landlords and property investors.

The first issue is free so click here to try today!

Got a burning tax question?

Why not submit a tax question to our tax advisors

Ask a Question