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Lee Sharpe looks at the tax mechanics of transferring personally held assets into one’s company.
There are various reasons why one might transfer personally held assets to a company. We shall look at the tax implications and some of the options to optimise the tax position. This article does not cover incorporation relief under TCGA 1992 s 162 but focuses on the tax implications for single assets.
Give me a reason…
Reasons for an asset transfer could be:
(a) Logistical – it may be appropriate for an asset owned personally to be transferred to a company that now runs a related business.
(b) Protection – depending on the ownership of the company, a vital business
