Shaz shares a commercial conversion example explaining the best ways to make each stage work

As he goes through each phase he explains what you can claim and why as well as discussing the structure of your company and how it can support what you are doing with your commercial conversion.

 

KEY TAKEAWAYS

• With no money in and after taking her money out there is an asset worth just over 1.2million
• If you are buying commercial property you may have to pay VAT on it
• When the property is subject to an option to tax then VAT is due on the sale
• If you increase or decrease the number of units the VAT is 5%
• The council has an empty house officer
• If you pay the materials yourself VAT is 20% if you outsource labour and materials you pay 5% VAT
• When the residential property is sold you get the VAT back
• If the property is kept VAT can’t be claimed unless you grant a lease for more than 21 years to a separate entity

 

BEST MOMENTS

‘There is no other business in the UK or the world where you can have income, an asset and capital growth with none of your own money’

‘Sell the properties get the VAT back, keep the properties no VAT’

 

VALUABLE RESOURCES

[email protected]

 

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

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