jnws Posted May 2, 2011 Share Posted May 2, 2011 On advice 5 years ago, as a UK resident I established a company registered at Companies House and through it, bought a house in France . There was no problem with the purchase and the Notaire and since then I have paid the various taxes directly.My question is whether or not this is still a sensible means of ownership or should I now close the company and tranfer ownership to myself and wife ?Any advice welcome and any views as to the costs of transferring ownership e,g, would this be seen as a sale ?thanks Link to comment Share on other sites More sharing options...
idun Posted May 2, 2011 Share Posted May 2, 2011 I reckon that you'll have to pay all those taxes you paid the first time round again. It'll be classed as a new purchase. My neighbours divorced and he kept the house and he had to pay when it was transferred into his name. Link to comment Share on other sites More sharing options...
Polly Posted May 2, 2011 Share Posted May 2, 2011 Yep, that'll be a sale of the property, so you'd have to start with your bundle of diagnostic tests and then go through the usual sales channels paying the Notaire as you go. I suggest you'd need to take some tax advice on the way (more expense!) to make sure you don't get caught out somewhere down the line. Link to comment Share on other sites More sharing options...
jnws Posted May 2, 2011 Author Share Posted May 2, 2011 IDUN, POLLYThanks for advice - look like I should just leave things alone Link to comment Share on other sites More sharing options...
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