Can a Trust/Company help me?

[Bantam Roosta]

Hi everyone,

I work for the Government and am provided subsidised housing. Part of this agreement is that if I own a house in the locality I am living in I have to move in to it and no longer receive that housing subsidy. I want to purchase a property that currently has a long term lease on it, which prevents me from moving in, yet the Government would still deem me as owning a house in locality, therefore no longer entitled to subsidised housing, forcing me to rent privately.

Is it possible, legally, through a company name or trust or something similar, to purchase that property without me personally buying it, allowing me to keep my subsidised rent?

I currently have no trusts etc. set up. It is just my wife and I.

I am going to speak to my accountant but I just thought I would throw the scenario out there first, to gauge whether it is even possible.

BR

 

[skater]

A solicitor might give you more insight than an accountant. Why not buy something outside of the area? That way you will definately get to keep the subsidy.

 

[tubs]

If you purchased using a company/trust, how would they ever know? After all, the house would have been purchased for the benefit of the benificiaries, not for you.

Tubs