Shaz is with a live audience and takes the example of a property entrepreneur who has 2 HMO properties that they want to change, sell and be able to claim entrepreneurs’ relief

Using this example Shaz explains the different options that will mean that the investor can ultimately sell and claim entrepreneur's relief if they follow the advice to meet the criteria set by HMRC

KEY TAKEAWAYS

• If it’s a trading business you can claim entrepreneurs’ relief, but not if it’s an investment business
• Using your annual exemption and selling in different years will bring a small saving
• Change an HMO property into serviced accommodation, run for 2 years to qualify and then claim entrepreneurs’ relief and only pay 10% tax
• Entrepreneurs’ relief has a lifetime limit of a million pounds
• Entrepreneurs’ relief is applicable if you are selling your business or ceasing to trade
• SA property has to be commercially available for letting for 210 days every year and let for 105 days
• If you have more than one property you can use averaging out
• You can run as SA or move to serviced apartments/bed and  breakfast for 2 years after which you can sell and claim entrepreneurs’ relief

BEST MOMENTS

‘If you are only paying 10% tax with entrepreneurs’ relief it’s a huge saving’

‘You have to offer more services than just a room’

‘Investment businesses can’t claim entrepreneurs' relief’

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

Shaz is going through how and why  you should incorporate and the tax benefits if you do it the right way

He also takes a look at entrepreneurs' relief and how you can claim it along with great information about investors' relief and explains using great real-life examples why taking a longer view about what you are doing can make a positive difference financially

KEY TAKEAWAYS

• When buying commercial property make sure you look at the capital allowances
• If a partnership incorporates into a limited company there is no stamp duty land tax to pay
• Moving a business with all the properties means you are entitled to section 162 incorporation relief  
• Sell to one buyer, liquidate the company, and only pay 10% tax with entrepreneurs’ relief
• Investors' relief is only applicable to an investment business
• An investment business buys property that is held to rent out
• Rent to rent, deal sourcing and hotels are all trading businesses
• If you give shares to an investor on day one and they hold them for 3 years any profit on investment  is subject to only 10% tax on the value of the shares

BEST MOMENTS

‘Don’t fix capital allowances, get a survey completed’

‘If you are running serviced accommodation you get 2 bites of the cherry, one on the refurbishment and one on the refurbishment’

‘When you get planning permission the value goes up’

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

Shaz goes through the 3 key questions you must always ask yourself before you begin any tax planning

-is it legal?

-is it effective?

-is it acceptable?  

He also uses real-life examples to share how SDLT works and the possible opportunities to claim and make SDLT savings when you are buying property, listen in and hear more

KEY TAKEAWAYS

• When you are tax planning there are 3 key questions; is it legal? is it effective? is it acceptable?
• Multiple dwellings relief means you can divide the price by the number of properties you are buying ad work out the SDLT on each property, you may find there is less to pay in tax
• If you are buying 2 or more properties there may be an SDLT saving
• If there are 2 or more properties with separate entrances you may be able to claim SDLT relief
• You can claim anything in  your business as long as its wholly and exclusively for the purpose of your business

BEST MOMENTS

‘If you are comfortable with it do it, but if you are not don’t do it’

‘If you’re buying a property with a granny annexe you may be able to reduce SDLT’

‘There are certain expenses that have a dual purpose’

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

Shaz goes through when capital allowances can be claimed and when they can’t. He uses a specific example of serviced accommodation and looks at how you can minimise your potential exposure both now and in the future in this informative episode

KEY TAKEAWAYS

• Serviced accommodation units have an annual investment allowance, you can claim all of the capital allowances up to a certain amount at one time
• If you sell and there’s a loss you get a 19% tax saving on the loss, called a balancing allowance
• You need to be careful about the amount you claim on capital allowances
• If you are going to keep the business for a number of years claim the annual investment allowance upfront
• When it reverts to buy to let there are no capital allowances 

BEST MOMENTS

‘When you sell, if the person buying is quite savvy, they will ask what you have and haven’t claimed’

‘Don’t claim capital allowances too quickly if you are intending to sell’

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

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

Shaz goes into what makes a property uninhabitable and discusses Stamp Duty Land Tax levels connected to linked transactions

He challenges his live audience to come up with some of the answers and explains in detail why an answer is correct or otherwise. This is another episode with great practical information for those involved with property

KEY TAKEAWAYS

• SDLT goes up in different stages and layers, the higher you go the bigger the percentage
• Linked transactions mean you will pay more SDLT
• If a property doesn’t have a kitchen it's uninhabitable and not mortgageable
• A property not having a kitchen doesn’t make it uninhabitable for SDLT purposes
• The threshold for SDLT is higher than the threshold for mortgage companies
• If the roof is missing, there is asbestos or the pipework is all disconnected a property is likely to be judged uninhabitable
• If you can demonstrate a property is uninhabitable you can be eligible to pay non-residential SDLT rates

BEST MOMENTS

‘If you don’t claim in the first 12 months, it’s a lot harder’

 ‘It’s usually a combination of issues that makes a property uninhabitable’

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

Shaz talks us through a property he bought back in 2018 for £500,000 explaining the step by step process and the multiple tax savings he made during the purchase and development process.

Using this real world example provides a great opportunity to understand how to take advantage of all of the potential tax savings available because  together they add up to a substantial amount that impacts significantly

KEY TAKEAWAYS

• We had to go through planning because we didn’t have any permitted development rights
• With commercial conversions, it will always cost more and take longer
• So commercial property may have VAT on it but others may not
• If you are buying a property with VAT on it you will pay the stamp duty on the VAT element
• To not pay VAT you can do a transfer of a going concern
• You can complete a VAT 1614D, stating you are going to convert a commercial property into a residential property and if the vendor accepts it you won’t have to pay VAT
• You may be able to claim capital allowances when you are purchasing
• Make sure when the standard enquiries are made that there is a conversation with the vendor about capital allowances
• You may be able to claim land remuneration tax
• A charity using the property can mean no payment of business rates
• If you buy a residential property that’s been empty for 2 or more years you will pay 5% on the refurbishment costs

BEST MOMENTS

‘If you are buying a commercial property and converting it to residential you pay 5% VAT’

‘With most property projects there are one or two things you can do to save a whole load of change’

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

Shaz works through detailed real life examples to explain how incorporation and entrepreneurs' and investors' relief can be effectively used in your business

Understanding  the rules and procedures around how your business needs to be structured to make the most of the tax relief available is crucial and Shaz shares great content in this episode

KEY TAKEAWAYS

• If you are running serviced accommodation there are two opportunities to claim capital allowances, the purchase, and the refurbishment
• When you move property from your own name and incorporate it into a limited company you can gain an uplift on the base cost
• Companies don’t pay capital gains tax they pay corporation tax
• If you are incorporating all your properties, your entire business, you can claim section 162 incorporation relief which means no capital gains tax at that point
• If you sell individually capital gains tax is payable
• Commercial conversions are a trading activity, you are buying, refurbishing, and selling
• A walk in retail business is different to an online business even if the product is the same
• Investors' relief can be claimed
• If you form a company and give shares to your investors on day one and they keep the shares in the business for more than 3 years they only pay 10%  tax on the first 10 million

BEST MOMENTS

‘There are 2 forms of partnership, an LLP and a standard unincorporated partnership’

‘We demonstrated to HMRC that he was eligible to claim entrepreneurs’ relief’

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

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

[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

In this episode, Shaz answers wide ranging questions from a live audience about commercials conversions, holding companies, capital allowances and TOM’s

He also discusses the ins and outs of business structure and whether your company is classified as a trading or investment business

Listen in and find out more

KEY TAKEAWAYS

• Renting properties makes the company a trading company
• A holding company should hold shares for any other companies
• If 20% or more of turnover, profits, value assets, turnover or time spent is directly linked to investment you lose trading status for the group
• You are limiting liability when you have a structure with multiple companies
• You can claim capital allowances on residential property if you buy, refurbish, and sell but if you are converting it for investment there are no capital allowances
• To claim capital allowances you have to have an existing business
• Capital allowances can be carried forward
• If you have one company managing the properties make sure it’s the company with the assets that are spending all the money on fixtures and fittings
• TOMS is for operators who buy in a particular service and sell it on

BEST MOMENTS

‘Don’t mix and match companies’

‘Write to HMRC and explain the scenario’

‘When you change something TOMs doesn’t apply

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