• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Buying a house for temporary accommodation

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #11
    Originally posted by b0redom View Post
    Why not buy it personally and let it to the company?
    Good question. I don't currently have much in the coffers personallyso I would need to withdraw from myCo for a deposit at the higher rate. Also I already have a primary residence so any gain would be subject to CGT. The rental (after interest payments) myCo would pay to me would be subject to Income tax at the same rate that I would incur on any additional [profit / reduction in expense] if myCo owned it - I think.

    I need to do some number crunching but my gut feeling is this would not work out any better

    Comment

    Working...
    X