Anyone know that if a property is taken via LTD and rented out (typical BTL or HMO) do i need to pay business rates? I overheard on this forum that it might be but google isn't explicit on this...
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Originally posted by diseasex View Post
What does your accountant say?
Is this the same property you were going to buy as a joint venture with your family member?…Maybe we ain’t that young anymoreComment
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I didn't ask him because i'm still gathering requirements...Originally posted by WTFH View PostComment
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AFAIK business rates are only payable on premises used for business, so renting our residential property should not attract business rates, but if it's commercial property rented out then yes, you (or more like your tenant) will be paying business rates.Originally posted by diseasex View PostComment
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Originally posted by diseasex View Post
Um, asking your accountant is part of gathering requirements, if the question is related to your accounts!…Maybe we ain’t that young anymoreComment
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I asked CUK instead. Bannanable offence. Throw a rock at me thee without guiltOriginally posted by WTFH View Post
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