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Incorporating, Entrepreneurs And Investors Relief
Shaz works through detailed real life examples to explain how incorporation and entrepreneurs' and investors' relief can be effectively used in your business
Understanding the rules and procedures around how your business needs to be structured to make the most of the tax relief available is crucial and Shaz shares great content in this episode
KEY TAKEAWAYS
- If you are running serviced accommodation there are two opportunities to claim capital allowances, the purchase, and the refurbishment
- When you move property from your own name and incorporate it into a limited company you can gain an uplift on the base cost
- Companies don’t pay capital gains tax they pay corporation tax
- If you are incorporating all your properties, your entire business, you can claim section 162 incorporation relief which means no capital gains tax at that point
- If you sell individually capital gains tax is payable
- Commercial conversions are a trading activity, you are buying, refurbishing, and selling
- A walk in retail business is different to an online business even if the product is the same
- Investors' relief can be claimed
- If you form a company and give shares to your investors on day one and they keep the shares in the business for more than 3 years they only pay 10% tax on the first 10 million
BEST MOMENTS
‘There are 2 forms of partnership, an LLP and a standard unincorporated partnership’
‘We demonstrated to HMRC that he was eligible to claim entrepreneurs’ relief’
VALUABLE RESOURCES
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:
View all episodes
By Shaz NawazShaz works through detailed real life examples to explain how incorporation and entrepreneurs' and investors' relief can be effectively used in your business
Understanding the rules and procedures around how your business needs to be structured to make the most of the tax relief available is crucial and Shaz shares great content in this episode
KEY TAKEAWAYS
- If you are running serviced accommodation there are two opportunities to claim capital allowances, the purchase, and the refurbishment
- When you move property from your own name and incorporate it into a limited company you can gain an uplift on the base cost
- Companies don’t pay capital gains tax they pay corporation tax
- If you are incorporating all your properties, your entire business, you can claim section 162 incorporation relief which means no capital gains tax at that point
- If you sell individually capital gains tax is payable
- Commercial conversions are a trading activity, you are buying, refurbishing, and selling
- A walk in retail business is different to an online business even if the product is the same
- Investors' relief can be claimed
- If you form a company and give shares to your investors on day one and they keep the shares in the business for more than 3 years they only pay 10% tax on the first 10 million
BEST MOMENTS
‘There are 2 forms of partnership, an LLP and a standard unincorporated partnership’
‘We demonstrated to HMRC that he was eligible to claim entrepreneurs’ relief’
VALUABLE RESOURCES
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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