Anyone here bought BTL inside their own company instead of accommodation?

[Dwedge]

Instead of the typical paying to stay in hotels or claiming mileage for spending a quarter of my day commuting, I'm looking at purchasing a flat near the contract, renting it to myself, and renting it out when I move on. Rinse and repeat with an aim of 2 flats a year and hopefully have something to fall back on if contracting dries up.

Has anyone done this? How does the tax and legal aspect work out? Would it be better inside a separate company as am SPV?

I've tried searching for this but most of the advice is how to get an individual mortgage, or how to use a company to hold a typical btl portfolio

[stek]

Instead of the typical paying to stay in hotels or claiming mileage for spending a quarter of my day commuting, I'm looking at purchasing a flat near the contract, renting it to myself, and renting it out when I move on. Rinse and repeat with an aim of 2 flats a year and hopefully have something to fall back on if contracting dries up.

Has anyone done this? How does the tax and legal aspect work out? Would it be better inside a separate company as am SPV?

I've tried searching for this but most of the advice is how to get an individual mortgage, or how to use a company to hold a typical btl portfolio

Contracting is drying up now, the last nail will go in the coffin on the 22nd...

[Dwedge]

Contracting is drying up now, the last nail will go in the coffin on the 22nd...

Might be true but even more reason to hedge against it or to ensure your company is multi service.

Just signed a contract so unless it gets cancelled I'll worry about this in a few months