Taxi company or sole trader?Make Text Bigger
I am buying a detached property for slightly over the property value as it has land that had planning permission for another 3 bed detached property. I plan to either convert existing property into 3 flats and build a further 3 flats to the side, or demolish as my planner feels I can get 9 flats.
I am purchasing the property in my name and I am semi retired. I do have a limited company in a taxi rental business that I was going to close, is it tax advantageous to build the properties in my limited companies name.
My company has been running at a loss due to the value of my fleet of cars declining through age/mileage.
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