Building on Company Owned Land

I have purchased acreage in my company name that currently has no dwelling. However I do intend to construct a house to reside in the future. I am the sole director of the company.

A couple of questions:
1. Should I wish to borrow the funds for the construction, would a bank lend for the construction of the dwelling under my personal name or would the loan need to be in the company?
2. Would I have to pay my company any rent? or
3. Would there be any tax implications should I live on my company owned property
4. Can I reside on the property with my company paying the expenses?

Matthew
 
I have purchased acreage in my company name that currently has no dwelling. However I do intend to construct a house to reside in the future. I am the sole director of the company.

A couple of questions:
1. Should I wish to borrow the funds for the construction, would a bank lend for the construction of the dwelling under my personal name or would the loan need to be in the company?
2. Would I have to pay my company any rent? or
3. Would there be any tax implications should I live on my company owned property
4. Can I reside on the property with my company paying the expenses?

Matthew

There are many issues besides the obvious ones. Land tax is one. CGT is another
 
Thanks Terry & Aaron for your replies

There are many issues besides the obvious ones. Land tax is one. CGT is another

The site value is under the Land Tax threshold by quite a bit and the intention is to never sell the property.

Can I live on the property without paying my Company any rent? or would fringe benefits tax apply?
 
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