I want to rent a property via my company?Make Text Bigger
I own a house and I want to make this my primary address and actually live there now as its almost repaired.
I have been renting a property now for 10 years near my work. I do actually need an office and be close for meetings, and my company do not provide me with an office desk to work at, and therefore, I still need an office and a place to stay at during the week. The cost of this property is quite good for the area and I don’t want to look for anything else.
As I don’t need to live there any more. I want to let my own company rent it off the landlord. I have a very good relationship with the landlord. My company would of course become liable for all costs of the property. I think it would also help my landlord and myself as we would split the difference (me higher rent but savings in personal tax before paying him) (he gets higher rent).
1: Can I do this?
2: Will I fall foul of anything tax wise ?
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