Before transferring your property, you'll need to make a decision on whether a company structure is right for you.
To help you make a decision, plug your information into our property transfer calculator:
Based on the information that you provide, we will be able to generate an illustration of what it would look like for you to transfer your property from your personal name to a company ownership structure.
Please note, we highly recommend that you also take on the necessary professional advice to ensure that this is the right decision for your personal situation.
Details about the inputs required
We understand that some of the inputs may be confusing, so we've pulled together a quick guide below to help you understand what information you'll need to provide.
Original purchase price incl SDLT
Please input the amount that you purchased your property for, including the amount that you would have paid for Stamp Duty Land Tax (SDLT).
Estimated property value today
If you don't have this information, you can use an online tool such as Zoopla to get an estimated value for your property.
Monthly rent
Include the amount that you currently charge as rent, or an approximate value if your property isn't currently tenanted.
Average monthly expenses
This may include monthly service charge, or any other expenses associated with your property.
Lettings management fee
You can mark this as 0% if you do not currently use a lettings management company.
Gross annual income
This is your gross annual income - we will use this to calculate the tax you need to pay on your property in a personal ownership structure.
Outstanding loan amount
Include the amount that is currently outstanding on your mortgage, or on any other loans associated with your property. If you do not have anything outstanding, leave this as £0.
Existing mortgage interest rate
If you do not have an existing mortgage, you can leave this at 0%. Otherwise, please include your current interest rate.
Are you remortgaging in the next 6 months?
Click on the slider to toggle this on if this statement is true (the toggle will turn blue if you click this).
Equity release optional
When moving the property from your personal name to a company, you will need to pay SDLT as this will constitute a sale. If you have equity in your property, you can release part of this to cover this (alternatively, we can help you obtain a mortgage to fund this).
Personal ownership mortgage market rates
This is set by default to 4.5% to reflect the current market. Of course, this may vary depending on your personal circumstances.
Limited company mortgage market rates
This is also set by default to 5.2%, but will depend on your personal circumstances.
Years to sell
We have defaulted this value to 10 years, but you can choose to change this depending on when you are looking to sell your property.
Capital Growth
We have defaulted this to 5% on an annual basis, based on historical data.
Rent Growth
We have defaulted this to 6% on an annual basis, based on historical data.
Once you have filled out all your information, you'll just need to hit "Submit" at the bottom of the form and you will see the comparison between ownership in personal name vs. company.
Provided your information but want to speak with us?
Book in a consultation to speak with a member of our team below.