Rent of director property

You can bring that land  as acquired with new company msideration and recognise it in the assets.

Rental income is taxed disallowed expense, which means the taxable profits will include this amount and will be taxed at corporate tax rate.

Next, it can give rise to deferred taxes when there is a temporary difference. You have to find out the profitability impact from tax planning. 

Assets and liabilities will mismatch if you bring that property into business.

so, it’s management decision 

***meant without consideration

***disallowed income and hence it’s taxable income