I am transferring a property into a ltd company, it has a mortgage for 70k but only 22k cash is coming in from the remortgage. I am thinking I account for it as if the company is paying 48k for the house then revalue at year end so it in effect goes straight to profit or loss as a loss. Am I right in thinking that way? Could i just put the loan straight to profit or loss and buy the property for £0? cheers for any answers.