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Inheritance Tax
If you want to make inheritance tax work for you and your children you need to start planning from day one of your business and Shaz discusses the different ways you can do this through alphabet shares, keeping the income flowing to you but ensuring the capital will be there for your children
He also answers questions about transferring properties into a limited company and explains the points at which it is beneficial for tax purposes
KEY TAKEAWAYS
- Keep the income flowing to you but the capital going to them in the future through alphabet shares
- Inheritance tax is based on value
- Giving shares to children means they own the growth of the company
- You can have both freezer and growth shares
- If you transfer one property into a limited company and have lived in it since you’ve owned it there is no capital gains tax to pay
- If you have a buy-to-let and transfer you will pay capital gains tax
- With five or more properties you can look at section 162 incorporation relief
- A property business is defined by you spending 20 or more hours in it
- Limited companies are usually more tax-efficient because there is more transparency
BEST MOMENTS
‘Start your inheritance tax planning from day one’
‘Give capital rights to your children so they get the capital growth’
‘The Government want the transparency so make limited companies more tax efficient’
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 NawazIf you want to make inheritance tax work for you and your children you need to start planning from day one of your business and Shaz discusses the different ways you can do this through alphabet shares, keeping the income flowing to you but ensuring the capital will be there for your children
He also answers questions about transferring properties into a limited company and explains the points at which it is beneficial for tax purposes
KEY TAKEAWAYS
- Keep the income flowing to you but the capital going to them in the future through alphabet shares
- Inheritance tax is based on value
- Giving shares to children means they own the growth of the company
- You can have both freezer and growth shares
- If you transfer one property into a limited company and have lived in it since you’ve owned it there is no capital gains tax to pay
- If you have a buy-to-let and transfer you will pay capital gains tax
- With five or more properties you can look at section 162 incorporation relief
- A property business is defined by you spending 20 or more hours in it
- Limited companies are usually more tax-efficient because there is more transparency
BEST MOMENTS
‘Start your inheritance tax planning from day one’
‘Give capital rights to your children so they get the capital growth’
‘The Government want the transparency so make limited companies more tax efficient’
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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