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If you are going to use it strictly for the business you proposed, then you can buy property (land/building). For example, if you want to open your own restaurant and want to do everything from scratch, then you can buy land, construct your restaurant on it and operate it.ishfaqsangra wrote:IIs that possible to buy an open land around 50,000 on company's name to show investment Tier 1(50,000) as it is not possible to get a build office in 50,000 and will be difficult to get mortgage.
In case if I find a small property around 70,000 and I pay 50,000 in cash and gets 20,000(as borrowing buy bank) is that possible to claim investment.
All suggestions welcome
NO, YOU CAN'T JUST KEEP it for a couple of years to help with your extension. You MUST use it for your business. Even after extension if you want to sell it you just can't sell it alone, you have to sell the business it is associated with. If not, you MAY get into trouble during your ILR. If you only sell the land it is nothing but property trading.ishfaqsangra wrote:Say for example I buy it on Company's name few months before extension,keep it for a couple of years and sell it after extension and put money back into company's account will it be ok, fixed asset can in a land form or build one?