An immediate relative is approaching retirement and I am planning to purchase a commercial property from them at the start of 2015.
The commercial property currently has 1 flat on the top floor, I am planning to extend the property at the back and use some of the downstairs to create 4 or possibly 5 flats. Have arranged for an architect to start on this project and so far the council is ok in principle with it.
I have looked online and asked the accountant, but there seems no clear answer on the issue. Taking into account that if this project is successful then I will likely be embarking on anther, surely it makes sense to purchase through ltd company?
#Confusion
The commercial property currently has 1 flat on the top floor, I am planning to extend the property at the back and use some of the downstairs to create 4 or possibly 5 flats. Have arranged for an architect to start on this project and so far the council is ok in principle with it.
I have looked online and asked the accountant, but there seems no clear answer on the issue. Taking into account that if this project is successful then I will likely be embarking on anther, surely it makes sense to purchase through ltd company?
#Confusion
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