TKC1

Me and my wife have a limited company already. We have used profits from one company as an intercompany loan to our new company. Our plan is to run it as a business, short term let's, so it's much more efficient for us, even when accounting for returns, rates etc, to do it this way as it avoids income tax (as it isn't our money strictly speaking). I may be unaware - what VAT implications are there you're referencing? The barn which has just achieved full planning consent is in the curtilage of a listed building, so will be 5% VAT on costs. We also have a barn which we plan, as a subsequent project, to develop through Class Q. I wasn't aware that being a limited company affected the VAT on these projects. Any expertise or experience very welcome.

Hoping to get experience of funding options with this context. We set up a Limited Company to purchase 8.5 acres of a now disused dairy farm. Site includes several barns including one which has gained full planning consent for a change of use to a residential dwellingl. I have had an agreement in principal via a broker for financing, but the cost of the finance is quite high. I'll do this if need be and switch to a buy to let mortgage once it's built UNLESS there are more conventional conversion/build mortgages you are aware of that might fund projects operating within a limited company structure, which I gather is quite common now?