Tx k - on that rental suggestion, if the co. owns the property and rents it (for a nominal sum thus charging VAT but very little of it) would that fall foul of the law. The co. buys as asset for 600k+, reclaims the VAT, then charges rental on the property (but only charges a €600 per year rent + 21% VAT) thus returns €126 per year VAT having reclaimed 80k in the 1st instance
Might get messy as the director of the company is the one benefiting from the low rent charged and thus a BIK might be due. Also still leaves the house in the hands of a company as opposed to directly in mine, and that might be messy for CGT and Corpo Tax on sale
Still 80k is a lot to be paying in VAT - no blackmarket here as it is with one contractor