I've been apporached by a potential client looking for some advice with regards to the structure of their trade going forward and would apprecaite some third party guidance.
The client owns 2 properties. One is essentially a FHL and the other is their personal residential property which they run as a B&B.
My question is: can the trade be run through a limited company whilst the properties remain in the name of the individual? An agreement would be drawn up so that the company rents the properties from the owner i.e. For the property that the owners live in, the rent would include and element to cover the business share of any mortgage interest, heat and light etc. that the owner will continue paying for. For the FHL the rent would be for the property only and the company would be responsible for all bills.
Thanks in advance.