Originally posted by Kanye
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Ignoring the BIK implications for a second, one of the main factors to consider is the fact that you'd have to pay CT on any gain if you sold it - you don't get the PPR (Principle Private Residence) exemption that you'd get if you owned it personally. If you keep it for 15 years and it increases in value by £100k - that's a CT bill of £20k. Plus you'd have paid BIK in the interim.
If you wanted to close the company at any time then you'd have to sell the flat back to yourself - crystallising any gain as well as incurring legal fees and stamp duty.
Have a look here to start the BIK calculation: Living accommodation: Section 107 ITEPA 2003: cost basis or market value basis
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