I have 2 BTL properties purchased in 2001and 2011 , one a 3 bed house the other a 1/2 bed flat ! I set up a ltd company in March this year ! I had my my house up for sale but due to communal parking issues I ended up taking it off market ! My plan was to sell the house walk away with 150k - 170k after paying off mortgage and pay the main chunk off the flat 90k and leaving £15k on mortgage, and after capital gains tax would walk away with 30-40 currently live with my Dad who is unwell and I am his carer but when my Dad passes his house has to be sold, so was looking to move into flat and be almost mortgage free. However am feeling confused what to do as been adviced to keep both but because they are not in a Ltd company this then presents Tax issues as the £12570 allowance is soon swallowed up as get just over 28k rental income and that means when I start getting property through Ltd company normally as Director you would pay yourself £12,570 Plus dividends , the position I am in I have been told I can’t get remortgaged until Jan next year as tenants didn’t pay and missed mortgage payments ! so have no money to start Ltd company and my equity is £290k ! What would you do in my position ?