Postby AdamS93 » Thu Oct 18, 2018 9:57 am
Renting one property (not a furnished holiday let) would not be considered a 'trade' as such.
Your company which was a trading company may not be considered a trading company for the purposes of Entrepreneurs Relief and other CGT reliefs - you ought to have got some professional advice before you brought the property. When you start renting the property there will potentially be massive VAT issues.
The company can treat the furniture and the white goods as assets of the company, but they are separate assets and do not increase the capital value of the property. Capital allowances may or may not be available depending on how you plan to let the property.
Now there is an investment property within the company, things will start to get far more complex, even the compliance work, so it is probably worth engaging an accountant to help you with everything as they will definitely save you more tax in the situation, than their fees would be.