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Can I buy and company rent from myself?

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    #11
    Originally posted by Bluebird View Post
    won't you have to declare the income that you get from rental and therefore pay income tax on it ?
    Yes. But if the OP is looking at BTL anyway, then why not do it where he knows there will be a renting tennant (the company) for a few months?
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      #12
      Originally posted by TheFaQQer View Post
      Yes.

      so where's the benefit ?
      Cenedl heb iaith, cenedl heb galon

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        #13
        Originally posted by Bluebird View Post
        so where's the benefit ?
        Business is going to pay someone, so why not it be you? OK, you pay more income tax, but you get more income that otherwise you would be paying to someone else.

        You get a guarantee of a tenant for the period of your contract, so as long as the company is paying you market rate, then why not?

        Alternative is company rents from third party and pays them money. You rent to fourth party, and receive money from them that you pay tax on. In the middle of this is an estate agency / management firm (sometimes) taking money from you. As an intro to BTL, might not be a bad way to do it.
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          #14
          Originally posted by Bluebird View Post
          so where's the benefit ?
          If you mortgage the flat then you can just match the rent to the interest and there's no profit so no tax to pay. If the contract is < 6 months and you have another home then there's no benefit to the employee.

          Seems like it should work (IANAA).

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            #15
            Originally posted by johhnysalad View Post
            Aside from the possible bad timing (top of market?), could I buy a flat near my gig, then use the company to rent it from me on a market rent?
            Why would you want to do that?
            Don't ask Beaker. He's just another muppet.

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