We have succesfully completed several tax efficient bank restructures for
over-borrowed individuals and companies.

The properties involved are usually investment properties or business premises.

Typical example 

• Individuals trading successully & paying tax at top rate.
• Negative equity in respect of property investments
• Property, loans & business restructured through a company and sometimes combined with a bank write-off.

Property owned by individual

• Value €1 million
• Borrowings €1 million

Issue

• Individual cannot meet loan repayments out of after tax income.

Solution

• Individual transfers property & their business into a company
• Company pays individual in return for the transfer
• Company obtains new bank loan
• Individual pays off old bank loan

Potential tax saving over time is €850k