I own several properties and all are held under the same Company name. What I'd like to do is establish several holding companies under the main company, so that each property is owned by its own individual limited liability company. And all of these companies would be wholly own by the existing main company.
In terms of transferring the property from "main Company" to it's new "holding Company", can I simply transfer it? Or do I need to do a S&P Agreement between the Companies (even though the ultimate ownership remains the same).
There aren't any mortgages over the properties, so no need to worry about notifying banks. I only need to consider LINZ and IRD.
In terms of transferring the property from "main Company" to it's new "holding Company", can I simply transfer it? Or do I need to do a S&P Agreement between the Companies (even though the ultimate ownership remains the same).
There aren't any mortgages over the properties, so no need to worry about notifying banks. I only need to consider LINZ and IRD.
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