Hi -
I am an individual who has lost his job due to Covid-19 situation. Luckily, my wife has her job and we stay in a rented apartment in London.
I am considering to set-up a company in my name to do investing/trading. Could someone please help me with the following questions:
1) Business expense - Would part rent, electricity, internet bills qualify as business expenses?
2) Business activities - I am planning to also do freelance advisory work alongside. Could I use the same company for this work
3) Red flag - Any major concerns to be aware of?
I have exhausted the ISA limit for me and my wife. Keen to understand if it is worth setting up this company.
Any help is really appreciated.
Cheers,
B
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