Crisscrossing into tax, planning, conveyance & law.

[Thesearcher]

Hypothetical question crisscrossing into tax, planning, conveyance & law.

While in the process of buying a property can one split the title in conveyance so that it's 2/3 conveyed privately and 1/3 conveyed to a company. The company using the 1/3 apportioned area for an office. I.e. The company pays for a section of land for use as a home office, and the other pays for the house.

If I'm correct, it would appear to be valid for a company to build / purchase a home office and sit it on private land, but can a company buy the land the home office will sit on at time of conveyance.

Some initial thoughts - having a separate title, the company may not be able to avail of the planning exempt 25sq home/office.

A hypothetical penny for your thoughts!!

 

[Brendan Burgess]

It makes no tax sense for a company to buy a property.

so whether or not it’s possible is moot.

 

[Thesearcher]

It makes no tax sense for a company to buy a property.

Thanks Brendan, can you elaborate on it making no tax sense?

 

[ClubMan]

Thanks Brendan, can you elaborate on it making no tax sense?

The rates may be out of date but the general principles still apply:

Key Post - Key Post: Buying premises through the company or personally?

It is very clear that you should buy the property in your own name and let it to the company. Despite this, people often use a company to buy their premises or investment property and it causes huge tax and other headaches. If the company buys the property… Cost of property €1m Funded...

www.askaboutmoney.com

 

[Thesearcher]

Thanks Brendan, Interesting read - that covers it