Sign up to save your podcasts
Or
Share No Money Down, LLP & Section 162 Incorporation Tax Relief Q&A Session
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
No Money Down, LLP & Section 162 Incorporation Tax Relief Q&A Session
Shaz takes us through one of his projects sharing great information about planning and how the challenges can be overcome along with how his experience created the opportunity for no money down deals
He answers other questions from his live audience covering Section 162 incorporation tax relief and the flexibility of LLPs
This is a great opportunity to hear more about the questions that property entrepreneurs really want to know the answers to
KEY TAKEAWAYS
- You don’t have to invest all your money in one company, diversify and spread the risk across many companies
- No money down means using other people's money
- Most of the objections and barriers you have in your mind will not ever happen
- Properties moved into a limited company are subject to capital gains tax but if you qualify for section 162 incorporation relief there is no capital gains tax payment
- Most tax reliefs are available for trading businesses
- An LLP is very flexible with a capital and profit share ratio
- It’s more flexible for company cars because you, the partners, are the business
- An LLP is a flexible arrangement and one you should be looking at within your property business
- An LLP is very flexible but the challenge is that most accountants don’t understand them
- If you increase the number of dwellings, or decrease them or buy a house that hasn’t been occupied for at least 2 years you only pay 5% VAT on the cost of labour for refurbishment
- VAT, if you outsource labour and materials you only pay 5%
BEST MOMENTS
‘Get out of your own way, take action and do stuff’
‘You are only a few steps away from successful you’
‘I’ve used LLPs a number of times to good effect’
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 takes us through one of his projects sharing great information about planning and how the challenges can be overcome along with how his experience created the opportunity for no money down deals
He answers other questions from his live audience covering Section 162 incorporation tax relief and the flexibility of LLPs
This is a great opportunity to hear more about the questions that property entrepreneurs really want to know the answers to
KEY TAKEAWAYS
- You don’t have to invest all your money in one company, diversify and spread the risk across many companies
- No money down means using other people's money
- Most of the objections and barriers you have in your mind will not ever happen
- Properties moved into a limited company are subject to capital gains tax but if you qualify for section 162 incorporation relief there is no capital gains tax payment
- Most tax reliefs are available for trading businesses
- An LLP is very flexible with a capital and profit share ratio
- It’s more flexible for company cars because you, the partners, are the business
- An LLP is a flexible arrangement and one you should be looking at within your property business
- An LLP is very flexible but the challenge is that most accountants don’t understand them
- If you increase the number of dwellings, or decrease them or buy a house that hasn’t been occupied for at least 2 years you only pay 5% VAT on the cost of labour for refurbishment
- VAT, if you outsource labour and materials you only pay 5%
BEST MOMENTS
‘Get out of your own way, take action and do stuff’
‘You are only a few steps away from successful you’
‘I’ve used LLPs a number of times to good effect’
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:
More shows like Wealth Made Simple Podcast
View all
The Progressive Property Podcast
7 Listeners
Leveraged Lifestyle Podcast
4 Listeners
Property Sourcing Profits Podcast
1 Listeners