Irish Expat Buying a commercial Property ( via a company or keep in own name ?? )Need

Boltd

Hello Form, 
I'm an Irish citizen but have been working overseas for the last 20+ years, I return to Ireland maybe 3 times a year for 10 day holidays
an opportunity has arisen that I can buy a commercial property in Limerick city which holds 1 anchor tenant.
I've had advise from a number of people as to how to structure the purchase. 
1 advise is to open a company and hold this building under the umbrella of this new company - for this the tax exposure could be upto 25%  on rental return?????  
second word of advice I received was to just put the building in my own name - file tax's through an accountant once per year, this will reduce the tax dramatically??? 
What happens if I try sell the building lets say after 5 years ? which of the above would give me best bang for my buck ??? 

Due to my work, I have no full intention in returning to Ireland for at least another 10+ years 
Any advice would be greatly appreciated.

Thank in advance,
Boltd

dogsears

The advice you got so far seems incomplete. You need to get professional advice from a tax adviser. When you do, make sure they take into account your UK tax exposure as well as the Irish. Note holding the property through a company not great if you sell in 5 years as it will be the company that sells ie. the post-tax money is in the company and you may incur further tax to get it out. Holding personally though may be less efficient in relation to the ongoing rental income. All the factors need to be taken into account and here is not the place for that.

Boltd

Dogsers, 
Thank you for the response, your advice well received and noted. 
I have no ties to the UK - my base is in S.E.A and has been for 20+ years. 
I will contact a tax adviser this week. 

I posted on here just to see if anyone else in my predicament had purchased and what structure they found best to limit exposure to Property/Rental/Sales tax.
Thanks again

gmgm.cool

Hi Boltd, 
Did you get sufficient info on this? Which one is better (on company name or on your own name)?  How about rental income on both cases? If you wants to sell it before 5 years time or after 5 years time, what will happen? 
Thanks