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ASAIK, you are not allowed to invest in buying the residential property or the house to live in.xleft wrote:Hi
Is it possible to invest 200K by buying Bed and Breakfast and running it? I noted before on HO website that they prohibited business in property business area. But now can't find this page. Will BB be treated as property business? Basically, we buy house for 300K which is BB and continue to run it as BB or we buy new house and make BB out of it. Will it be allowed if we pay 200K by cash for this house, the rest by loan because the house is the main asset of the business...
Thanks very much in advance!
I would be very grateful if you can let me know what immigration lawyer told you regarding this question. Thank you very much! I see there are quite a lot of views of this message but no replies. Can someone else clarify it please?ens wrote:ASAIK, you are not allowed to invest in buying the residential property or the house to live in.xleft wrote:Hi
Is it possible to invest 200K by buying Bed and Breakfast and running it? I noted before on HO website that they prohibited business in property business area. But now can't find this page. Will BB be treated as property business? Basically, we buy house for 300K which is BB and continue to run it as BB or we buy new house and make BB out of it. Will it be allowed if we pay 200K by cash for this house, the rest by loan because the house is the main asset of the business...
Thanks very much in advance!
As for B&B it is quite on the edge. I had the same thoughts about buying B&B after Tier 1 (Entr) and I plan to advise the immigration lawyer re this question
B&B in commercial property allowedxleft wrote:Hi
Is it possible to invest 200K by buying Bed and Breakfast and running it? I noted before on HO website that they prohibited business in property business area. But now can't find this page. Will BB be treated as property business? Basically, we buy house for 300K which is BB and continue to run it as BB or we buy new house and make BB out of it. Will it be allowed if we pay 200K by cash for this house, the rest by loan because the house is the main asset of the business...
Thanks very much in advance!
Thank you very very much. Could you tell me please where can I find more information about it?Sushil-ACCA wrote:B&B in commercial property allowedxleft wrote:Hi
Is it possible to invest 200K by buying Bed and Breakfast and running it? I noted before on HO website that they prohibited business in property business area. But now can't find this page. Will BB be treated as property business? Basically, we buy house for 300K which is BB and continue to run it as BB or we buy new house and make BB out of it. Will it be allowed if we pay 200K by cash for this house, the rest by loan because the house is the main asset of the business...
Thanks very much in advance!
Does anyone have any information on this Bed and Breakfast? Is it allowed under Tier 1 Entrepreneur? Will it meet the requirement of investment?xleft wrote:Hi
Is it possible to invest 200K by buying Bed and Breakfast and running it? I noted before on HO website that they prohibited business in property business area. But now can't find this page. Will BB be treated as property business? Basically, we buy house for 300K which is BB and continue to run it as BB or we buy new house and make BB out of it. Will it be allowed if we pay 200K by cash for this house, the rest by loan because the house is the main asset of the business...
Thanks very much in advance!