Good morning !
Could anyone point me in the right direction here? My client is a director of Beauty Ltd and has the chance to buy the commercial premises she has been renting for a while. She and her husband want to buy the property jointly. I understand that setting up an new company for this has negative issues as the tenant will be "connected". So what are the best structures to buy this property? If they set up a partnership would this bring up the same negative "connected " issues ? Can they simply buy it as a joint investment property ? What are the implications of these options? Can anyone see any pitfalls?
Thanks in advance