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Hi Guys,
I currently have a limited company with me as a sole director letting a flat I bought for pension investment. My wife is now thinking of buying a flat for.the same reason. For tax reasons I feel it would be best if my limited company bought this flat. However, my wife would like to keep everything separate (many reasons (it's not the most stable)).
What I was wondering is if there is anyway of the limited company buying a flat, with my wifes money but keeping them separate? I was thinking of making my wife the company secretary with 80% of the shares. What I wouldike to do is avoid as much tax liability as possible but also keep things as simple as possible if things go awry. Any thoughts, anybody? Thanks
I currently have a limited company with me as a sole director letting a flat I bought for pension investment. My wife is now thinking of buying a flat for.the same reason. For tax reasons I feel it would be best if my limited company bought this flat. However, my wife would like to keep everything separate (many reasons (it's not the most stable)).
What I was wondering is if there is anyway of the limited company buying a flat, with my wifes money but keeping them separate? I was thinking of making my wife the company secretary with 80% of the shares. What I wouldike to do is avoid as much tax liability as possible but also keep things as simple as possible if things go awry. Any thoughts, anybody? Thanks
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