Does anyone know about LTD companies and Inherited property?

[icantwaitforsummer]

Hi all,

I am due to inherit a small property that I want to rent out, I have sent off the AS1 forms to transfer it from my grandfathers name to mine. But I have just realised maybe I should have made a Ltd company and be done it that way first?

It's too late now as I have sent off the paperwork to transfer the name on the land registry, but can I change the flat into a LTD company after it's in my name?

Are there additional fees to pay to do that?

Why would you want to do that? Without a specific good reason, it would just be more complication and expense.

It's better for tax and you don't pay capital gains.

Get advise from an accountant/tax advisor. There are too many considerations to base this decision on the thoughts of randoms who dontbhave all your financial details.