If you buy a commercial property for use for business via limited company . Can I use for example the money to
Buy the building for example 70k deposit mortgage for a 300k property as a expense to reduce corporate tax ? Bit confused as how do these big corporate companies buy their buildings without deducting cost of buying the building Im sure the director doesn’t pay out his own pockets!?
Replies (8)
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Triotrex, you keep asking similar questions relating to property transactions. So please don't be surprised that you are likely to get the same responses, i.e. that you need proper, paid for professional advice before making potentially disastrous decisions.
Thanks for the question Triotex. My apologies, but as this is a forum for accountants to discuss issues from the profession, I'm not going to answer.
The sister site UK Business Forums has a specific accounts and finance section where your question is likely to find a more receptive audience.
https://www.ukbusinessforums.co.uk/forums/accounts-finance.55/
Hope that's helpful.
Thanks again and best wishes,
AA
(S)he's already been given the same advice there:-
https://www.ukbusinessforums.co.uk/threads/buying-property-limited-compa...
(S)he's already been given the same advice there:-
https://www.ukbusinessforums.co.uk/threads/buying-property-limited-compa...
So I see, but has come back here with, what appears to be, the same question. It's probably the most extreme case of "needs an accountant" that we have seen - well, in the last couple of days.
Just shows how little you understand. JCresswellTax is the only one that's actually answered your questions.Useless old hag don’t post here if you haven’t got advice .