Creating a property company to transfer my 2 investment properties into: thoughts?

I'm a long-term investor (who isn't these days!), and am trying to manage my costs and taxes as best I can. I have an idea that if I setup a property holding company and transferred my property to it, I could then avail of lower taxes and also offset greater amount of expenses.

I own 2 investment properties.
- I owe €500k on them in total.
- Who knows what they're valued at, but for arguments sake let's say they're valued at €500k. (so effectively 0 after debt)
- I am private sector, working for a company


The idea is that the new company would:
- Get the rental income, which it would use to payoff interest
- That I may be able to lower tax rate on rental income from top end to the company 12.5% (as I would no longer get the income - the company would)
- Where there was a surplus, after tax, would use to payoff capital
- That expenses would be allowable (eg full interest relief on loan by company, vs 75% interest relief for individual)
- I am prepared to add some additional "equity" to the company if required

I believe there would be issues when it comes to the point of selling (ie the company is the owner, not me), however, I am a long-term hold, and have no intention of selling.

Does anyone have any experience of doing this type of thing, and any advice on it?

Thanks.

Re: Creating a property company to transfer my 2 investment properties into: thoughts

Covered at lenght in other threads. They might be a bit old but the principles are the same.

brendan