How can we transfer our buy-to-lets into a limited company?
Ordinarily, transferring a commercial property that is owned personally to a limited company may have capital gains tax (CGT) and stamp duty implications.
If you can demonstrate to HM Revenue & Customs that your property activities represent a business, rather than just an investment, then you may be able to benefit from incorporation relief. This broadly involves transferring the property business to a company in exchange for the issue of shares. If incorporation relief applies, any capital gain that arises may potentially be deferred in full.
It is not possible
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Top Gear
30 minutes ago
- Top Gear
Electric Car Grant: here's every car in the UK that gets the discount
Good news: the Electric Car Grant has returned! As surely everyone is thinking, ain't no party like an ECG party. And like all good ECG parties, this one comes with fun like: rules! Stipulations! Eligibility criteria! The government of the United Kingdom has introduced two bands in order to obtain this ECG: Band 1, which offers a fat £3,750 discount for those cars with the lowest CO2 manufacturing footprint, and Band 2, which offers a less fat £1,500 discount for those cars above a certain threshold. The government of the United Kingdom has not yet confirmed what those thresholds are, and… no electric car in the United Kingdom currently qualifies for the fat £3,750 discount. So for now, here's a big list of every car that gets the less fat £1,500 off. Advertisement - Page continues below The hot version of the new Renault 5 supermini. How much of the grant applies? £1,500 (Band 2). So what does it cost after the grant? From £32,000. What do you think of it? It's a very different experience to hot Clios of old, but still a good one… there's a sense of humour, good looks, usable performance, gadgets to play with and it's well priced. Read the full review here You might like It's the electric version of Citroen's best-selling car ever, the C3. How much of the grant applies? £1,500. So what does it cost after the grant? From £20,595. What do you think of it? There's a lot we really, really like about the Citroen e-C3… and not a lot we don't. Read the full review here Advertisement - Page continues below Essentially a slightly larger, raised version of the standard C3 supermini. How much of the grant applies? £1,500. So what does it cost after the grant? From £21,595. What do you think of it? It fulfils its brief as a slightly roomier C3 without becoming too posh or too expensive. Read our full review here Good question. It's still a hatchback, but slightly taller. Not tall enough to be an SUV, and too sleek of boot to be a crossover. How much of the grant applies? £1,500. So what does it cost after the grant? From £26,150. What do you think of it? It's an interestingly styled hatch with a very reasonable asking price. Read our full review here Largely identical to the e-C4, only with an elongated rear end. How much of the grant applies? £1,500. So what does it cost after the grant? From £27,215. What do you think of it? Could do with a slightly firmer setup for better body control: the extra weight (over 200kg vs the hybrid) means it suffers from a bounce and a wallowyness that isn't there in the hybrids. Read the full review here A big, friendly Citroen, now in its second generation and freshly electrified. How much of the grant applies? £1,500. What will it cost? From £32,565. What do you think of it? We've not driven it yet, but it sits on the same bones as the Peugeot e-3008 and e-5008, and both of those are decent... Read the full story here Advertisement - Page continues below A van-based car that offers immense practicality and loads of space. How much of the grant applies? £1,500. So what does it cost after the grant? From £29,740. What do you think of it? Enormously practical and built for family life, the Berlingo does all you could realistically ask of it. Read our full review here Only Nissan's second attempt at an electric car since it introduced the Leaf in 2010 and stole a march on everyone. How much of the grant applies? £1,500. So what does it cost after the grant? From £33,500. What do you think of it? Looks fun, but drives a bit more like you'd expect a Nissan to. If you're after an electric family SUV with a decent amount of range, then you could do a lot worse. Read our full review here Advertisement - Page continues below Everyone's favourite learner car, here reimagined as an electrified supermini, ready to be silently dinged into oblivion by an entirely new generation of drivers. How much of the grant applies? £1,500. So what does it cost after the grant? From £21,495. What do you think of it? We've yet to drive the new one, but it's the based on the 'AmpR Small' platform that underpins the award-winning Renault 5. Find out more here Closely related to the wonderful Renault 5 EV, but with an 8cm longer wheelbase. That's why it's a little more expensive than the R5, even if their names might make you think the prices are the other way around. How much of the grant applies? £1,500. So what does it cost after the grant? From £25,495. What do you think of it? There's goodness in the R4 that goes beyond design: the interior is sublime, the tech is well executed, it's value for money and (most importantly of all) unfailingly uplifting to drive. Renault has hit another home run with this. Read our full review here More than just a simple electric supermini, this is a small car you desire rather than merely decide upon. How much of the grant applies? £1,500. So what does it cost after the grant? From £21,495. What do you think of it? It feels consistent: as charming to drive as it is to look at and to sit in. Your first love should last. Read our full review here Renault's family hatch, designed and built all-in for battery power. How much of the grant applies? £1,500. So what does it cost after the grant? From £30,995. What do you think of it? The Megane is conventionally desirable, handsome, well-finished and easy to use... there's very little wrong with it. Read our full review here It's a long-ish wheelbase, long-range electric family car. How much of the grant applies? £1,500. So what does it cost after the grant? From £35,495. What do you think of it? Space, efficiency and superb tech count in the Scenic's favour. But it's also good-looking on the outside and well-finished within. Read our full review here It's an Astra. And specifically, the Astra Electric. There aren't many more recognisable names in the heartland of British motoring these days. How much of the grant applies? £1,500. So what does it cost after the grant? From £32,630. What do you think of it? We like the eighth-generation Astra, and the electric one is the best of the lot… we're just not head-over-heels in love with it. Read our full review here In case you hadn't guessed yet, it's the fully electric version of one of Britain's best-selling cars. How much of the grant applies? £1,500. So what does it cost after the grant? From £25,280. What do you think of it? It's significantly less peacocky than its Honda or Mini rivals, and it'll go further and has bags more room for people. Read our full review here Vauxhall Combo Life Electric The same van-based car as the Citroen e-Berlingo and the Peugeot e-Rifter. How much of the grant applies? £1,500. So what does it cost after the grant? From £30,690. What do you think of it? The Combo is well judged for family life and makes no misguided attempts at sportiness. Read our full review here Vauxhall Frontera Electric It's the new Vauxhall Frontera, making its return after a 20-year absence. How much of the grant applies? £1,500. So what does it cost after the grant? From £23,995. What do you think of it? It feels well judged. Its driving manners exceeded our expectations, it blends the company's now familiar image with the kind of rugged looks people favour these days, and above all there's no arguing with the cost. Read the full review here Vauxhall Grandland Electric It's the second-generation Vauxhall Grandland, available for the first time with electric power, in case you hadn't already guessed by the name. How much of the grant applies? £1,500. So what does it cost after the grant? From £34,555. What do you think of it? This is a car you'll buy with your sensible shoes on, and not those fluorescent trainers you got on a whim and haven't worn since. Read our full review here Vauxhall's smallest crossover. How much of the grant applies? £1,500. So what does it cost after the grant? From £30,180. What do you think of it? What the Mokka does is make a Corsa-sized crossover more interesting than it has any right to be. Read the full review here
The Sun
31 minutes ago
- The Sun
Amazon shoppers rush to buy Flash Speedmop kit with 48% off – ‘leaves floors sparkling'
Cleaning products can be a hidden cost when running a household, so if you find a good deal it can really help save money. Right now, you can get the Flash Speedmop Floor Cleaner Starter Kit for almost half price, as it's reduced from £25 to £13. Flash Speedmop Floor Cleaner Starter Kit £13 (was £22) Hard floors like wood and laminate may be slightly easier to clean than carpet, but it can still take effort to tackle stuck-on food and dirt. If you favour specific brands for your cleaning products, and you're not heading to Amazon for deals on them, you could be paying more than you need to. A mop is a basic cleaning necessity but the Flash Speedmop is an easy to use, mess-free alternative. The starter pack comes with the mop itself, plus 8 wet cloths for spills and stubborn stains and 15 dry cloths for dust and dirt. All you have to do to set us is connect the poles, and attach a sheet to the mop head. The head swivels, so you can clean difficult areas, like beneath sofas and under furniture. A Flash Speedmop is more convenient than the traditional mop, needing no water or cleaning fluid, and offering easy disposal. The main difference is that you need to keep stocked up on the cloths, which is why the current deal is so handy. Buying from Amazon also means home delivery, so when you run out you won't have to rush to a supermarket. Over 7,000 shoppers have left reviews on the Speedmop, which has now become an Amazon bestseller. One shopper said: ''The Flash SpeedMop is incredibly easy to use and convenient, which makes it great for busy mums or anyone looking to speed up their cleaning.'' ''The spray mechanism is handy, and the pre-moistened pads really help cut down on the effort needed to get floors sparkling clean.'' ''Many users find it effective on both sticky messes and light dusting, especially in high-traffic areas.'' Another shopper added: ''Wow this is so good - easy to fit and to store, takes up virtually no room.'' ''It cleans up brilliantly and wow the dirt it picks up, also the lemon smell is really nice, and the floor dries really fast.'' best vacuum cleaners.
Reuters
31 minutes ago
- Reuters
CK Hutchison's $22.8 billion ports deal in focus as conglomerate reports results
HONG KONG, Aug 14 (Reuters) - Investors will look for comments from CK Hutchison ( opens new tab on the status of its $22.8 billion ports business sale to a consortium led by U.S. investment firm BlackRock (BLK.N), opens new tab when the Hong Kong conglomerate reports its results on Thursday. The ports-to-telecoms group will present its interim results at 5 p.m. (0900 GMT), offering analysts the first opportunity to quiz the management about the plan to sell the ports business since it was announced in March. Departing from its usual practice, CK Hutchison did not brief analysts or media about its 2024 earnings, released in March after it made public its plan to sell the business, which includes two ports along the strategic Panama Canal. Since the plan to sell 43 ports in 23 countries to a group led by BlackRock (BLK.N), opens new tab and Italian billionaire Gianluigi Aponte's family-run shipping firm MSC was announced, CK Hutchison has faced a firestorm of criticism from China. In the latest announcement on July 28, the conglomerate said it was in talks with the consortium pursuing its ports business to add a Chinese "major strategic investor" to the bid, after their exclusive talks ended. It said changes would be necessary to secure regulatory approval in relevant jurisdictions and that it would allow as much time as needed to achieve that. Sources have told Reuters the investor was COSCO ( opens new tab - one of the world's dominant, vertically integrated marine transportation firms. They said COSCO was seeking a bigger stake while the other parties in the consortium were keen to keep it a minority. While any stake by COSCO is not yet clear, an inclusion of a Chinese investor would alleviate China's national security concerns and have its blessing, the sources and other experts have said. COSCO did not respond to a request last month for comment. U.S. President Donald Trump had earlier called for the removal of Chinese ownership in the Panama Canal. More than 40% of U.S. container traffic, valued at roughly $270 billion annually, transits the Panama Canal. Shares of CK Hutchison eased 0.2% on Thursday ahead of the results, versus a 0.1% fall in the Hang Seng Index (.HSI), opens new tab. UBS forecast last month a 6% rise in underlying profit for the first six months, as ports and retail business growth and a weakening dollar offset the negative impact of oil prices. However, one-off losses, including from the completion of the 3UK merger, could weigh on the conglomerate's net profit. Morgan Stanley rated CK Hutchison "overweight" last month, citing potential strategic transactions, attractive valuation, and a strong balance sheet.
