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Hi All,
In 2010, We started our property company ( 5 partners). The first and subsequent properties were bought in our personal names, but revenue, costs, assets and liability were shown on the company accounts. The solicitor setup a deed of Trust so each director acted on behalf of the company.
We are now in the position to transfer the properties in the company. I just wanted to make sure that we would be liable for stamp or capital gains as advised before.
Thanks in advance for your help.
In 2010, We started our property company ( 5 partners). The first and subsequent properties were bought in our personal names, but revenue, costs, assets and liability were shown on the company accounts. The solicitor setup a deed of Trust so each director acted on behalf of the company.
We are now in the position to transfer the properties in the company. I just wanted to make sure that we would be liable for stamp or capital gains as advised before.
Thanks in advance for your help.