Husband and Wife run family business as Ltd Co. Genuine arrangement, both full time working directors and both 50% shareholders.
Ltd Co recently relocates to nice industrial unit owned by Husband and Wife personally.
Option to tax in place (by the way).
Friend has suggested that H & W should pay rent to themselves from the Co.
Personally, i think this is barmy as H & W can (currently) distribute surplus profits by dividend.
Anyway if they pay rent out of a Ltd Co to themselves doesn't this impact on Entreprenuers Relief in the future?
Thanks in advance for some clarification.