Whether you are new or experienced this is the place to be to learn how to achieve true financial freedom through property and in this episode Shaz focuses on tax savings as a property investor  

When you are tax efficient you can build capital and you don’t need to know all about each tax strategy you just need to be aware of the tax-saving possibilities

 

KEY TAKEAWAYS

• It depends on your situation as to how the rules may apply to you
• In the guidance, there are opportunities for you to save money through reliefs, exemptions and allowances
• You can only benefit if you work with someone who knows how to apply the rules to your situation
• When you are buying property you may need to pay stamp duty land tax.
• If you are buying two or more properties you can make significant tax savings 
• Talk to a stamp duty land tax expert
• People save tens of thousands of pounds every year in stamp duty land tax relief
• SSAS works particularly well for property investors
• Have an annual review for your inheritance tax exposure and plan for inheritance tax as you go along
• Property investors can have large exposure for inheritance tax
• Compare and contrast the advantages and disadvantages of having a company car to work out what works best for you.
• When buying commercial property always consider capital allowances as this is a huge saving.
• If you are working from home claim homeworkers allowance, it all adds up

 

BEST MOMENTS

‘If you save a pound in tax you don’t have to do anything ‘

‘Our tax code is over twenty thousand pages long, it’s deep and it’s complicated’

‘Many people lose out because they don’t apply the right rules in the right places’

 

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 consultation 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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  YouTube.