I’m wishing to advise a new client on the purchase of a green grocer and its premises.
Building to be purchased at £175k and business £25k.
Father and son partnership (well, to be partnership or limited). Building to be mortgaged.
What’s the most tax efficient way to buy the building?
Building is the shop premises and has a domestic flat to rent upstairs.
Now, if your recommendation is to buy the building through a pension scheme then this is where I have no experience. Please give details. How would I go about it? Who manages the scheme?
Look forward to your thoughts.