LordWilmore
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Are these companies considered associated?
I am a software contractor who works through my own Limited company. My wife is setting up a company with the purpose of buying a house to rent out as a landlord. This new company would take an initial injection of money from equity that we are releasing on our home, which is in both of our names. Whilst the two companies are completely separate from each other, would these two companies be considered Associated Companies given that the initial money is coming from equity on a home that is under the name of both me and my wife? Would it effect matters if the equity release is paid in to a bank account that is solely in her name, rather than to a joint account or my own account?