Shaz is with a live audience looking at the tax payable when you are buying more than one property
He explains the best way to purchase additional properties from a tax perspective and works with live examples from the audience to share informative content on what’s the best way to buy more than one property
KEY TAKEAWAYS

• A conditional contract means you can buy the land and the house is knocked down  
• If you are buying property you may have to pay VAT on it
• Buy a commercial property and convert it and the VAT is 5%
• Buying additional properties means additional tax
• If you are buying 2 properties at the same time from the same seller you can claim multiple properties relief
• Buying 6 or more properties from the same seller means you can use non-residential rates of SDLT
• Buying a house with a Granny annexe can mean saving on SDLT
• A property with a mortgage of less than fifty thousand can be given to someone and there is no SDLT to pay

BEST MOMENTS
‘If you are buying 2 properties at the same time from the same person the amount payable can be averaged out and save VAT’
‘If you can buy a house for less than £50,000 there is no SDLT to pay’
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
•   LinkedIn
•   Instagram
•   YouTube.

In this episode, Shaz is explaining why commercial conversions are his favourite strategy and to help explain why he goes through examples, including the numbers, comparing a property flip, a buy, refurbish, refinance and renting deal along with a commercial conversion
Sharing the property strategy examples demonstrates clearly how the numbers work out and, as Shaz explains, shows why commercial conversion is a strategy you should be using
KEY TAKEAWAYS

• Funds from a bridging loan can then become a mortgage if you are keeping the property
• You only pay the fees and costs once
• There is tax to pay if you are going to flip the property and doing it through a limited company can be a better option
• Your money in the deal is far less than someone buying a refurbished property
• Some lenders won't refinance until you’ve had the property for 6 months
• In just under two years you can get all your money back
• If you have the time and are prepared to put in the effort you can save on the refurbishment costs
• You have cash flow and capital appreciation and as the deals get bigger the margins also get bigger
• Think about what you earn in a job and what doing commercial conversions can earn for you
• You can make a lot of profit and create good housing for people to rent
• You are contributing positively to the local economy

BEST MOMENTS
‘There is a good product available from Shawbrook that means you can move a bridging loan into a mortgage’
‘What’s stopping you from doing 2 or 3 of these every single  year?’
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
•   LinkedIn
•   Instagram
•   YouTube.

In this episode, Shaz looks at how a small self-administered scheme (SSAS) works and explains some of the ways it can be used

This is a great opportunity to understand more about what a SSAS is and hear about some of the different ways and times you can pay into it and how it can be used within your business and for legacy planning

 

KEY TAKEAWAYS

A SSAS is a small self-administered scheme and can give you more flexibility

Every year you can transfer £40,000 into your SSAS if in previous years you haven’t been able to make the contribution you carry forward the last 3 years

You can transfer from a SSAS into a SSAS if it's beneficial

If there are two of you it’s possible to make a contribution of £500,000 in one year into your general fund

You can ask HMRC about making a contribution of up to 2 million pounds

The maximum number of people you can have in a SSAS is eleven

You can loan up to 50% of the fund

The SSAS doesn’t pay tax so there are no capital allowances available

You can have legacy planning and leave the SSAS to others

 

BEST MOMENTS

‘If you have several small pensions hanging around you can put them into a SSAS’

‘A SSAS enables you to move money from your limited company into your SSAS’

‘Two or more people open up more possibilities in terms of contributions’

 

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:

•   Facebook
•   LinkedIn
•   Instagram
•   YouTube.

Shaz works through a live example to explain what can be claimed in capital allowances each year

He discusses with his audience the types of challenges that can face property investors when they are making claims for capital allowances and answers questions about claiming capital allowances at the point of purchase

 

KEY TAKEAWAYS

• There are different types of pools for capital allowance purposes
• The pool that the expenditure goes into helps to determine the amount of capital allowances
• The general capital allowances pool is 18%
• Try and use up as much of the capital allowances as you can to create a taxable loss
• The annual investment allowance lets you claim up to a million in new expenditure
• Make sure on the form that ‘zero’ is not put on the form for capital allowance

 

BEST MOMENTS

‘Assume everything goes into the general pool’

‘When you carry out the refurb and install new plant and machinery you can make a claim’

 

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
•   LinkedIn
•   Instagram
•   YouTube.

Shaz shares a commercial conversion example explaining the best ways to make each stage work

As he goes through each phase he explains what you can claim and why as well as discussing the structure of your company and how it can support what you are doing with your commercial conversion.

 

KEY TAKEAWAYS

• With no money in and after taking her money out there is an asset worth just over 1.2million
• If you are buying commercial property you may have to pay VAT on it
• When the property is subject to an option to tax then VAT is due on the sale
• If you increase or decrease the number of units the VAT is 5%
• The council has an empty house officer
• If you pay the materials yourself VAT is 20% if you outsource labour and materials you pay 5% VAT
• When the residential property is sold you get the VAT back
• If the property is kept VAT can’t be claimed unless you grant a lease for more than 21 years to a separate entity

 

BEST MOMENTS

‘There is no other business in the UK or the world where you can have income, an asset and capital growth with none of your own money’

‘Sell the properties get the VAT back, keep the properties no VAT’

 

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
•   LinkedIn
•   Instagram
•   YouTube.

Shaz looks at how the best return you can make is through investing in your own

self-development and education and looks at the value of understanding the numbers in any deal

Every day should be a day for learning something new and if you have an open mind learning new things every day is a possibility and will help as you scale and grow your business

 

KEY TAKEAWAYS

• You need to get the numbers right. A budget is an estimate based on the information you have about costs
• You need to try and stay within budget or beat the budget
• As soon as you can hire people, delegate tasks and focus on the things you are good at

• Make sure you set up your business in the right way  with good foundations to build on and put procedures and systems in place
• There are good deals in bad times and bad deals in good times, look for the sweet spot that works best for you and stay with it
• Don’t be afraid to pay more when you can see the added value and a deal that works for you
• Invest money in self-development and education Stay humble and grounded and always be open to learning every day

  

BEST MOMENTS

‘For most people, their home will big the biggest ever spend they will do in one go’

‘Make sure you have a realistic and sensible budget’

‘The best return is on the money you invest in yourself’ 

 

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
•   LinkedIn
•   Instagram
•   YouTube.

There are things to pay attention to if you want to become a successful property investor,

a combination of things you should be doing and those you shouldn’t be doing and Shaz goes through the ones that really make the difference in a property business

from understanding it's about cash flow and capital appreciation to running your property business with the same procedures and systems that any company has in place, Shaz explains exactly what to do and what not to do!

 

KEY TAKEAWAYS

• Property and investment are long term and bring different types of benefits as you progress
• When you are in property you need to think about cash flow and capital appreciation, be patient, invest and give it time to grow
• Treat property as a business with all the same components as any other business
• Make sure every property delivers cash flow to give you an income every month
• Those people who have a strategy and stick to it are the ones who do well
• Have core competencies and core non-negotiable’s that you stick to
• Make sure you understand the contract and your role and responsibilities in detail
• In business, everyone has a deal that isn’t great but helps you to learn and grow
• Have an open mind, keep growing and learning

 

BEST MOMENTS

‘If you have non-negotiables and criteria you will do better than those who don’t’

‘Everyone wants to get rich quick’

‘Learn and implement the rules and you will do better’

 

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
•   LinkedIn
•   Instagram
•   YouTube.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

[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
•   LinkedIn
•   Instagram
•   YouTube.

 

 

 

 

 

 

 

 

 

 

 

Shaz is with a live audience and takes us, in detail, through particular scenarios about shares. He also discusses the different classes of shares and the tax implications

There are some interesting questions that investors and business owners are working through right now and Shaz shares his detailed knowledge and expertise about the best solutions

 

KEY TAKEAWAYS

• If you have two companies in a holding company structure and the profits are over a certain threshold you will pay more tax collectively
• There are advantages to a holding company structure that can outweigh any additional tax
• A buy-to-let property company can’t claim VAT
• A company within a holding company can move money as a tax-free dividend
• Don’t mix trading and investment businesses
• Settlements legislation stops a husband or wife from transferring funds to avoid tax payments
• If you are giving shares to your child it should be less than 20%
• You can freeze the value of the shares today and assign all future growth to new shares making them freezer shares and growth shares
• You can assign a dividend to a particular class of share
• Entrepreneurs’ relief allows you to invest on day one and if you keep the shares for 3 years only pay 10% tax when you exit the business

 

BEST MOMENTS

‘The holding company is a shareholder of the other companies

‘You can give alphabet shares with no voting rights’

‘If you own over 20% in a company you have certain 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
•   LinkedIn
•   Instagram
•   YouTube.

In this episode, Shaz takes a look at tax for cars and the potential benefits of going all-electric

He also, with his audience, goes through several live examples of capital gains tax discussing when it is payable and how it's calculated. With great informative content, this is a must listen

 

KEY TAKEAWAYS

As a sole trader/partnership or limited partnership, you work out the miles you drive for business and those for personal purposes

If you have a company car you pay company car tax on the list price of the vehicle and its emissions

Go for a fully electric car and the company can pay for everything

It's tax efficient to have an electric car through a company

If you have a property and buy a second property you will need to pay additional stamp duty land tax

The longer you have owned and lived in a property the less capital gains tax you are likely to pay

Capital gains tax is worked out based on the length of ownership and occupancy

When you move your main residence your existing house may become liable to capital gains tax depending on what you do with it

If you sell there’s no capital gains tax

The purchase value and the selling value combined with the length of residency are used to calculate what’s payable

  

BEST MOMENTS

‘You don’t actually pay company car tax but you don’t claim the whole expense, it’s nice and simple’

‘If you have an electric car and run it through the company you only pay 2% company car tax, which is really low’

  

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
•   LinkedIn
•   Instagram
•   YouTube.