I am looking at buying a commercial property with a commercial mortgage through a business - BUSINESS A
The business would then lease the property to another business BUSINESS B which would obviously pay rent.
On this transaction would any of the loan costs on the commercial mortgage be off setable against the profits made by BUSINESS A?
A complication would be that potentially Business B would grant a licence to rent out the premises back to BUSINESS A on an adhoc basis paying a daily licence rent.
Any thoughts on this transaction would be appreciated.
Chris
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