Personal use of property in Limited Company?Make Text Bigger
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.
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