The client has recenlty approached for advise regarding the property inocme treatment and claim of mortgage interest through the limited company. The property title is registtered in client's personal name but client is insistent that they trade through ltd company and insistent that rental income and expenses belongs to his ltd company. Please help if there is any possibility for the income to be taxed through Limited Company rather than hsi personal.
Replies (4)
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Fact find first.
Who owns the property?
Who does the lender lend to?
Why does client think the company owns the property?
Is this really about loan interest restriction on the higher rate taxed client?