Hi,
I have been offered a very keenly priced property that I would like to buy, then sell on. (I'll probably do some light touch up work). Whilst I don't have the cash personally at the moment, I have the money sitting in my company account.
If I bought it in the company name, would I have to charge VAT when I sold it? If so, thats a non-starter. (I am on the small business flat rate scheme).
Alternatively, can I borrow the money to buy it, then repay the loan when I sell it?
Rookie questions but it's a great deal and I'd hate to pass up on it.
Thanks,
seabro
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