First time status after purchase through LTD

[Jamespf1]

Hello all,

I am currently in the mix of purchasing a BTL through my LTD. I don’t own a residential property. Do I still get to keep but first time buyers status? As technically it’s my LTD that owns a BTL property.

many thanks,
James

 

[Longterminvestor]

Hi @Jamespf1

In the eyes of the law a limited company is a separate entity. While you may own all of the shares in the company, the company is not an extension of you.