So I have 3 properties in my own name and am close to completing on a property in my new limited company. I want the new company to not only own and rent the new property but also manage the other 3 properties at a market rate of 10%. As the company will own and rent a property it will be a valid business so will be allowed (As apposed to just setting up a company to manage which would be seen as tax avoidance).
Having looked into it I believe as a management agent I will need to sign up to one of the two redress schemes... Is there anything else I need to do?
Having looked into it I believe as a management agent I will need to sign up to one of the two redress schemes... Is there anything else I need to do?
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