UK Tier 1 Commercial property as a business asset??

Geek101 wrote: ↑

Mon Jul 08, 2019 6:37 pm

Dear All,

I am new here and I have spent the past 5 hours reading through previous helpful posts and the HO Tier 1 (Entrepreneur) Guidance document version 24.0, such fun!!

I was granted with an Entrepreneur visa (200K route) three months ago, I am now in the UK and in the process of setting up my limited company.

Second to staffing, paying money on commercial rent will be a major expense for the business and usually pushes competitors out of the market in this sector if the business is sluggish.

I have around ~£500K dedicated for this business and I managed to find an empty commercial property for £300K for the business to purchase which would need further £50K worth of work to allow me to start up the venture.

The business itself has nothing to do with property development/management and the option of purchasing the property is primarily to manage future long-term risk, to offer future flexibility and frankly why waste the money on rent!

My question is, would any of the £350K count towards the £200K investment requirement when applying for an extension in a few years time? Of course, there will be plenty of other costs but it's good to know if it would count towards the figure in a couple of years time.

Note: The proposed business is different from the one in the original visa application.

Thanks

G.