Treatment of Corporate Finance for CT purposes

If I transfer an unencumbered rental property from my sole ownership into my newly formed Ltd Company and create a Directors Loan Account for the value of the property transferred, what would the tax implications be if the Company then mortgaged the rental property? Would the loan attract tax relief ? O r would it be taxed as a source of Company income? Could I use these funds to repay my DLA?

Hi susan,
Unfortunately, we cannot provide advice on the tax effect of the proposed transactions. Please approach an accountant or tax adviser to assist you with your queries.
Thank you.