I was speaking at an event last night and updated the audience with my thoughts on the recent budget and some general updates that landlords need to know about.
At the end of the talk I was approached by a lady who said she was still confused and asked me directly if she should buy her house in a company. It turns out she was talking about her first home. For her to live in.
There are so many reasons why your own home should not be put in to a company but the main one is that any asset or service provided by a company to a director/shareholder is taxable. To avoid the tax charge you have to pay market rate for its use.
If this is a house you live in then you will essentially have a tax problem forever on the use of the home for as long as you live there. If you plan to live there for a short time, move out and use it as a rental then it might be a good idea but otherwise almost certainly not!