M
Can we borrow this €100,000 into the company as directors loans now to get things up and running and maybe in a year's time when (hopefully), everything is going as near as possible to plan, withdraw the €100,000 out again
The cleanest thing to do is to pay the loan back to the lender and borrow again to buy the premises. This puts it beyond doubt that you borrowed to buy a commercial premises and you will then be able to claim the interest paid against your rental income from the property.Would it then be possible to claim back interest relief on the original borrowings against the rental income we would be paying ourselves ?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?