Hi Haroon
You cannot gift to a Limited Company - any gift becomes a loan on the balance sheet.
If you ‘gift’ a property to a Ltd and then forgive the loan you will probably incur a corporation tax charge as the balance sheet would show a “+” and no loan to offset the profit.
I’d suggest there will be SDLT to pay on the transfer as HMRC will consider this to be at market value and CGT.
All cases are different, I see 20 clients a year who have done this incorrectly :0)
Richard
PFEP