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private ownership

ARE YOU AWARE OF THE TAX IMPLICATIONS OF EXTRACTING YOUR PROPERTY PORTFOLIO FROM COMPANY TO PRIVATE OWNERSHIP?

Many investment properties are acquired through a limited company for a variety of reasons.
 
Complications arise when this structure is no longer appropriate, for example, there may be a desire to gift to a child, and extracting a property from a company back into private beneficial ownership can be a costly affair. Tax costs arise both for the company disposing of the property and for the purchasing connected party.