Shaz answers questions about Land remediation, Stamp Duty Land Tax and buying property in an SSAS

He answers very specific questions and shares answers that will help anyone who is involved in property, listen in and learn more

 

KEY TAKEAWAYS

If you get a discount because of work needed to remove contamination there is no additional tax relief

If you are buying a property in an SSAS there are no capital allowances because there’s no taxable profit

If you are buying a property with a significant amount of capital allowances it's probably better to do it outside of an SSAS

If you make a gift and the person lives in the property they can claim principal residency

Include your children as shareholders early on to make the most of the tax advantages

 

BEST MOMENTS

‘If it’s a property with the usual level of capital allowances buying through an SSAS is fine because of the other advantages’

‘When you gift the property there are capital gains taxes’

‘Make children a minority shareholder and limit their rights’

 

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:

•   Facebook

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