We have a client that has purchased a holiday home outside the UK through a non-UK registered Limited Company. The client is a director and shareholder of a UK trading company. We are aware of the associated company rules that will apply, however is there any truth in the reports that suggest that if the individual has provided the funds to the non UK company to purchase and maintain the property that no benefit in kind will become chargeable for their own use of this property?
Anon