Using home as B&B

[cavallaria]

Just purchased a period house and wondering how I go about setting up a B&B.
Do I incorporate and have the house as an asset and charge expenses against the income received?
Thanks

 

[Sue Ellen]

Hi,

Welcome to AAM.

Sorry I can't give you full financial advice as requested but this previous AAM thread might be worth a read.

 

[Brendan Burgess]

And there are plenty of threads on whether to buy a property through a company or not.

The answer is not to do so.

Brendan