Can you afford to keep on the boat if your business isn t a success? Where would you live if you bought the bought as a company and rented it to yourself and the company failed?There are tax allowances for capital investments that may be worth considering. It depends on how much of a profit you expect to make whether it would be to your advantage or not.Speak to your local Business Link for free help and advice on starting your business. They may be able to refer you to an accountant who will give you a free half hour or hour of advice to help you decide which is the better option.Good luck with your business!
Yes, it is legal to do it either way. I would buy it personally and lease it to the business.
