Evicting vulnerable tenant in hospital – Landlord Action response9:55 AM, 3rd July 2019
About 3 weeks ago 69
I have a small portfolio of BTL houses and am in the process of buying an apartment within my Limited company. It’s a very nice upmarket place and there’s a chance that in 2 or 3 years’ time I might like to move there on a permanent basis or perhaps only for a few months a year, but letting it on a short term basis for the rest of the year.
Can anyone advise what the situation with the tax man would be?
If I was to move in permanently buying it from my own limited company and paying the huge stamp duty wouldn’t make sense, or would I have to rent it from my company which also seems like a silly idea.
I guess this situation must occur occasionally.
Any thoughts or ideas as to how to handle this would be much appreciated.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More