The usual I'm thinking of buying a house through my limited company!

[newuser]

We are currently looking at a property thats about 16k over the stampduty threshold. It went down to seal bids but felt it was worth it. Wouldnt offer if couldnt afford, but was wondering if this sale went throught he company books, we would avoid paying stamp duty. We would rent the property fromthe company etc. But given that there maybe a downturn in the market in the next year or so, would it be possible to get a re-valuation of the property around this time and hope the price goes down to below the stamp duty threshold. If that was the case could we sell the property back to my self at this rate and proceed with paying stamp duty etc.

Does this just sound too simple hence stupid...

morning!

[SueEllen]

Simple answer to your question is don't go there with a barge pole.

BTW it's been asked before so you can use the search facility and find out why. (Put in the search term property)

Some similar threads:
http://forums.contractoruk.com/accou...ntal-cost.html
http://forums.contractoruk.com/accou...d-company.html
http://forums.contractoruk.com/accou...ur-ltd-co.html

[ASB]

There is a guide you can buy called "using a property company to save tax". I shan't link to where you can get it but it's easy enough to track down.

If you are serious about it it might be worth spending the view quid. There are some limited situations in which it can be worthwhile.

The likelihood however is that this will simply vindicate SueEllens advice.