Following on to this thread, if the limited company runs the business I would think the company would also have to own the property, so if I buy a potential holiday let personally I don't think HMRC will let me use it to run a limited company holiday let business.
I want to live in the property and run the holiday letting business from it but if I buy it through a limited company I will have to pay corporation tax on the sale price plus maybe the on any gain, whereas if its my only property I will be able to take all the profit from the sale including any gain from renovation work done.
So although I would have thought using a limited company would provide personal protection in case a guest injured themselves on site and sued, and it's a more efficient way to run a letting business generally, with the changes to dividends and the tax on sale I'm not sure which structure is the most beneficial?