Hi Guys
I have a successful company and Im looking to purchase a new home for myself in the near future.
I would like to know the pros and cons of purchasing this new home using my ltd company profits and then renting it to myself?
On first reflection, if I withdraw the deposit etc to buy I am going to pay the high tax upon it before handing it over.
Would this be an instant saving if I were to use the company?
Also, I own other properties so would this save a small amount on 2nd home stamp duty ?
I am just wondering whether this would be a good way to keep my personal tax bill down ?
Any thoughts and input most welcome.
Regards
David
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