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Nah, @hefty agrees.
Do it legit. Get an NRL number, let it through an agent who will give you yearly accounts and then pay tax properly in your new country.
As @rive_gauche sez, there's no CGT if you move back into the property when you return, though there might be if so sell it whilst abroad, depending on how the country you're resident in taxes such things.
Your best bet is to get a job in Andorra.
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if you transfer to a ltd co, then the ltd co will have to fund a commercial mortgage, plus rates increase notification to local council, plus disposal of the asset will attract corporation tax. plus, evicting squatters from commercial premises is a lot harder than from private residential.
I would've thought SDLT would be an issue too, potentially both on the tx to the LtdCo and on the tx from the LtdCo back to you.
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Hefty
Brommers
@rive_gauche
if you transfer to a ltd co, then the ltd co will have to fund a commercial mortgage, plus rates increase notification to local council, plus disposal of the asset will attract corporation tax. plus, evicting squatters from commercial premises is a lot harder than from private residential.
if would be more advantageous to retain the property but notify mortgage co of rental status. then rent out fully managed through a good mgmt. co with a strong contract and large deposit. look into insurances for bad debts/ccjs against any naughty tenants. from 6th april 2016 rent a room allowance goes up to £7,500 pa, this may or may not be offsettable against income tax if you've let the whole flat out though. you retain the property as sole uk residence, so upon disposal no cgt to pay
i went away in 1998 and took a very large deposit, didn't tell hector, upon return had to evict the fuckers, but the flat had doubled in value so redecorating for sale wasn't that much of an issue - ymmv
@hefty will be along presently to refute all of the above!