Irrelevant as not available to landlords as 50% of your business needs to come form trading activity to qualify and landlords are not traders but investors
Not to mention the fact that incorporated landlords are considered investment companies and not trading companies and are not therefore eligible for the business interruption loans being given to tide over other businesses.
Hi Zara We are in a similar position. Perhaps like you we are incorporated but classified as an investment company and so not eligible for the Gov't's Business Interruption loan scheme which may have assisted in dealing with deferred rents....
Reply to comment left by Neil Patterson at 03/04/2020 - 10:47
Reply to the comment left by Neil Patterson at 03/04/2020 - 10:47yes but if your main business is property rental then you cannot apply for the loans.
Read More →3rd April 2020, 6 years ago
Irrelevant as not available to landlords as 50% of your business needs to come form trading activity to qualify and landlords are not traders but investors
Read More →2nd April 2020, 6 years ago
Not to mention the fact that incorporated landlords are considered investment companies and not trading companies and are not therefore eligible for the business interruption loans being given to tide over other businesses.
Read More →26th March 2020, 6 years ago
Hi Zara We are in a similar position. Perhaps like you we are incorporated but classified as an investment company and so not eligible for the Gov't's Business Interruption loan scheme which may have assisted in dealing with deferred rents....
Read More →