CIC Association

Serving Community Enterprise

difficult to find accountants to with advice with selling my BTL`s/ transfering to my CIC

Who would believe it, I ve had my cic dormant until now and wanted to see how i would either sell/transfer my personal 2 BTL`s to my CIC to support investment income to develop the cic to allow deposits for new properties for those in need of local housing... advice would help? 

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Hi Chris

Generally a transfer of asset out of a CIC is the potential concern. Procedures should really be as they would for a normal Ltd, with the addition of ensuring the common interest is the driver of the transaction not personal betterment.

Please provide more info of what you're trying to achieve or contact me direct at john@cicassociation.org.uk if you would prefer a quick call.

John

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