ltd company property purchased in directors name
company looks to buy to buy property for trade; ie redevelopment and resale.
due to time constaints etc it was easier to get finance in own name. therefore property is legally owned by director although the intention was for the property to be a company asset.
actual deposit for purchase came from ltd co account.
whats the chances of this being agreed by hmrc?
are there some guidelines surrounding this sort of thing.
looked long and hard on internet but to no avail.