setting up a company is beneficial for non-Uk domiciliaries with higher-value properties
An investment in UK property will be treated either as an investment transaction or a trading transaction. Take, for example, the case where a clergyman inherited a house, which he sold immediately. He was attacked by the Inland Revenue for trading in property, on the grounds he had held the property only for a short time; he had made a "quick turn" on the property. The court disagreed. He had not acquired the property with the intention of selling it, but had inherited it; he had sold it because his employment provided him with accommodation and he did not wish to maintain a second home. ...
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