Horsing around

Two other factors are that the clients have borrowed £400 000 of the £750 000 purchase price and that the husband does have another secondary source of income (about £400 a month) from a limited company of which he is director and shareholder and which is unconnected with this new business.
How should the new business be structured? Should it be one or should I suggest splitting it into say a partnership (e.g. for the lets) and two sole trades (say him doing the storage and her doing the livery)? Simplistically I wonder if there are VAT savings that could consequently be made or would HMRC attack such a structure?
Query T17 095 — Tonto.

Reply by Venta Belgarum:

All the proposed business ventures although property based involve an element of potential income variability and management input. And as both husband and wife...