Shaz is with a live audience looking at the tax payable when you are buying more than one property
He explains the best way to purchase additional properties from a tax perspective and works with live examples from the audience to share informative content on what’s the best way to buy more than one property
KEY TAKEAWAYS

• A conditional contract means you can buy the land and the house is knocked down  
• If you are buying property you may have to pay VAT on it
• Buy a commercial property and convert it and the VAT is 5%
• Buying additional properties means additional tax
• If you are buying 2 properties at the same time from the same seller you can claim multiple properties relief
• Buying 6 or more properties from the same seller means you can use non-residential rates of SDLT
• Buying a house with a Granny annexe can mean saving on SDLT
• A property with a mortgage of less than fifty thousand can be given to someone and there is no SDLT to pay

BEST MOMENTS
‘If you are buying 2 properties at the same time from the same person the amount payable can be averaged out and save VAT’
‘If you can buy a house for less than £50,000 there is no SDLT to pay’
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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