Can my company buy a holiday let? Yes, you can purchase a holiday let through your existing trading business, provided your business is a trading limited company. If your business is not a limited company then you are treated as a private individual for the purchase. You can buy a single unit holiday let property or a complex of units or a holiday let business which is also a trading limited company. You will be eligible provided that your current company organises the correct or additional …
Should our Limited Company own a holiday let property?
Q We have a couple of questions for you, but think it’s best to provide some background, before we can get to them. My wife and I are looking to purchase a holiday let business, which consists of seven fully converted, self- contained stone Barns, set in 4 acres, plus a bit of woodland, on one freehold title. All seven barns that form the business are restricted to holiday let use only. Our Solicitor has explained the implication and obligations of purchasing a property with a holiday …
Should our Limited Company own a holiday let property?Read More