Hi All,
can a private limited company director transfer his own property to company? If yes, then is there any tax implications?
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Directors Home Trasfer to Company
Replies (4)
Quick Summary
Clear case of transfer of property liable to capital gains
So there is no restriction on transferring director's property to company by paying capital gain tax. Intention is company will take care of the property and expenses associated with the same. Director will continue to stay in the same property. Is there any issue with this type of engagement?
I guess you only need to make a rent agreement between director and company and your objective shall be achieved.
No need to unnecessarily transfer and pay capital gain tax.
Ok. Thank you very much Sir!!
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