Hi all, I've got a few websites I've been running for a few years which make a few thousand rand/month, but recently decided to start a pty ltd and have it own the websites. The pty is now up and running, and somehow I need to transfer ownership of the site to it.
Questions:
1) Any idea how this is done? Do I have to sell it to the business or can I simply transfer it?
2) If I understand things right, if I sell it I'll have to loan the business money to buy it from me. Then I'll be liable for CGT on the full amount as I built them from scratch, but the business can pay me back for the loan with the earnings every month and I won't need to pay income tax on that right?
3) How on earth do I get the legal ownership moved? Do I simply change the name in the domain registrar? Is there some document to fill in? Does anyone have a template that would work for a website that's the asset?
Thanks
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