Buy To Let

I run my own limited company and am about to do some consultancy work away from home. I am considering the option of buying a flat in the new location and then leasing it back to my company whilst I am down there. When I finish the work I intend to let the property as per normal.

Can I do this ? the advantage is that I am not wasting my companies money on rent to a third party and personally I gain another property to my portfolio. I am a computer consultant and as such (as far as I'm aware) cannot use my revenue from that are to invest in another business area i.e. property investment.

Any advice appreciated.

Reply to
Stuart Campbell
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You might be better of just buying the flat and living in it rather than having the company pay to rent it. Basically you would just be transferring taxable income from the company to yourself, with the danger that you have to pay tax twice on the same income - once as a landlord, and again as an employee of the company receiving a taxable benefit.

Reply to
Jonathan Bryce

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