Forming Ltd company - kind of Dormant

[Old Greg]

Can't he just go the whole hog and claim the mortgage as a business expense?

Buy a new build and get a VAT refund.

[tomtomagain]

Buy a new build and get a VAT refund.

And let his mum live in rent free to demonstrate to potential customers that you can live in a house?

I like your thinking.

.... have we finished taking the P*ss yet?

[northernladuk]

Buy a new build and get a VAT refund.

Even better if he pays his dad and other elderly relatives to build it.

[Old Greg]

Even better if he pays his dad and other elderly relatives to build it.

Split the payments to each relative's personal allowance threshold.

[quackhandle]

His mother will need a car to bob about in surely?

Porsche GT3 RS? Why not get HMRC to deliver it to her, they love doing that.

qh