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A woman wishes to buy a property in Florida. She and her husband are 50:50 shareholders of a limited company through which she carries on her trading business. The company is cash rich, so the client is considering a joint purchase of the property
My client is buying a place in the sun in Florida. She has between one-half and three-quarters of the cash that will be required to make the purchase.
The client is the director and a 50:50 shareholder with her husband of a limited company through which she carries on her trading business. The company is cash-rich and she is considering the possibility of a joint purchase of the property with the company.
Our client is looking at properties that cost about £250 000. Once it has been purchased the house will be let for some periods but will also be used personally for part of the year. As a rough guide I understand that the periods of letting and personal use each year will be about the same.
The client is UK-domiciled and will remain UK-resident.
I should be grateful if readers could advise me regarding the...
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