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Where Taxpayers and Advisers Meet
Commercial development Business vs Personal
Hello, I hope someone can help, I have purchased a small parcel of land which I hope to build 4 small workshops on. It is costing more than I expected and I have been paying for plans etc personally. I plan to maybe sell the workshops when built. I am wondering if I should purchase that land and pay for the planning through my small limited company rather than personally. I was planning on buying personally so to sell to my SIPP and some stage. The land was #75k and the units will be worth around #120k each when complete. Thank you for reading this, any advice very welcome!
Re: Commercial development Business vs Personal
It’s difficult to turn the clock back and rewrite history.
Apart from that, what advice are you looking for? You haven’t really posed a question or weighed you options.
Apart from that, what advice are you looking for? You haven’t really posed a question or weighed you options.
