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Using our Buy-to-Let Property Transfer Calculator

What is the Buy-to-Let Property Transfer Calculator?

The Buy-to-Let Property Transfer Calculator is an online tool provided by GetGround that helps landlords evaluate the financial implications of transferring a buy-to-let property from personal ownership to a limited company. It offers insights into potential tax savings, mortgage considerations, and overall profitability of such a transfer. 

How do I use the calculator?

To use the calculator:

  1. Access the Tool: Navigate to the Buy-to-Let Property Transfer Calculator.

  2. Input Property Details: Enter relevant information such as property value, outstanding mortgage, rental income, and other financial details.

  3. Review Results: The calculator will display a comparison of holding the property personally versus through a limited company, highlighting potential tax savings and profitability.

What information do I need to provide?

You’ll need to input:

  • Property Value: Current market value of the property.

  • Outstanding Mortgage: Remaining mortgage balance.

  • Rental Income: Monthly or annual rental income.

  • Ownership Structure: Indicate whether you’re considering personal or company ownership.

  • Additional Costs: Any other expenses associated with the property.

Why consider transferring to a limited company?

Transferring a buy-to-let property to a limited company can offer several benefits:

  • Tax Efficiency: Limited companies often benefit from lower corporation tax rates compared to personal income tax rates.

  • Mortgage Interest Relief: Companies can typically deduct full mortgage interest from rental income, whereas individuals face restrictions.

  • Asset Protection: Holding properties in a company can provide a layer of protection against personal liabilities.

However, it’s essential to consider potential costs like Capital Gains Tax (CGT) and Stamp Duty Land Tax (SDLT) when transferring properties.

Are there any costs associated with the transfer?

Yes, transferring a property from personal ownership to a limited company is treated as a sale, which may incur:

  • Capital Gains Tax (CGT): Tax on the profit made from the property’s increase in value.

  • Stamp Duty Land Tax (SDLT): Tax on the property’s purchase price by the company.

  • Mortgage Fees: Potential costs if a new mortgage is required under the company’s name.

It’s advisable to consult with a tax advisor or financial consultant to understand the full implications.

Can GetGround assist with the transfer process?

Absolutely. GetGround offers comprehensive services to facilitate the transfer:

  • Company Formation: Assistance in setting up a Special Purpose Vehicle (SPV) limited company tailored for property investment.

  • Legal Documentation: Provision of necessary legal documents for the transfer.

  • Mortgage Solutions: Access to a range of lenders specialising in limited company buy-to-let mortgages.

  • Ongoing Support: Continuous support throughout the transfer process and beyond.