Sharing some side views as to using a shell co. for purchase a residential property. The practice is less common now because:-
1. the chance of market sharp falling over 10% in few weeks is minimal nowadays;
2. indisputable presumption of carrying on business/trade for profit tax if holding the property by a company;
3. maintenance costs of a limited company and interest exposure risks on mortgage taking out from the Bank, i.e. loan granted in form of business loan instead of home loan where interests and sum renewable yearly.
The practice is largely different for purchase a non-residential property.
