Shaz explains Land Remediation Relief, including when it is applicable, how it can benefit you, and the regulations you need to watch out for.

KEY TAKEAWAYS

• You only get land remediation relief if you are buying a property through a limited company, and if it is going to be a trading business and not an investment business.
• If you are an investment business, you cannot claim this relief. It also cannot be claimed if you buy in your own name.

BEST MOMENTS

'If I get a discount to buy this property, then I cannot get land remediation relief'

'It has to be a limited company, and it has to be some form of a trading entity'

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk 

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 talks about capital allowance pools and how they work, with a focus on capital allowance and property investing.

KEY TAKEAWAYS

• You can claim less than 18% of your plant and machinery pool, but you may not exceed 18% when claiming.
• If you don't create a taxable loss, then numbers may be reduced the following year, so it's always wise to claim the full amount where possible.

BEST MOMENTS

'The rate is determined by the government'

'You create a taxable loss and carry it forward'

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk 

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.

With serviced accommodation becoming one of the most popular property investing types, Shaz tells you the best way to structure your business and how it operates.

KEY TAKEAWAYS

• If you have an LLP and you make £500,000 profit and you don't take any money out of the business, you will pay tax on everything.
• If, however, you pay the capital allowances, you will pay no tax on this sum.

BEST MOMENTS

'The bank always asks for the financials!'

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk 

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 talks you through the complete process when it comes to claiming back VAT when it comes to property investing and when it most effectively applies.

KEY TAKEAWAYS

• Once new units are created, they become zero-rated for VAT purposes, and so any VAT claimed will not need to be repaid.
• You cannot reclaim VAT if you are hoping to rent out properties, because you cannot charge VAT on rent itself.

BEST MOMENTS

'Because they've sold the flats they can keep the VAT'

'Rent is an exempt supply'

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

 

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 talks you through the best ways to ensure you remain compliant when bringing new shareholders into your business.

KEY TAKEAWAYS

• Shareholders can be created by investing money directly, or by using their own holding company. This creates two holding companies, and adding flexibility to the arrangement.
• Holding companies also provide an extra level of protection to you and other shareholders.

BEST MOMENTS

'Now you have two holding companies'

'Can you see the flexibility?'

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

 

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.

When talking about the control of a company, it can be tricky to decide who requires what in order to retain a controlling interest. In this episode, Shaz explains it all!

KEY TAKEAWAYS

• It's wise for the party who wants control to ensure they have 51% of the shares which makes you ahead in voting rights.
• Shareholders agreements are vital in order to make sure that when an impasse is reached, progress can be made.

BEST MOMENTS

'You have control of the voting rights'

'It's extremely important to have a shareholder's agreement'

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

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.

How should you structure your business for flexibility?

Shaz looks at a commercial conversion case study and explains the different company structures and the tax implications

He also shares great advice on having a holding company and why this is the key to flexibility

KEY TAKEAWAYS

• Keeping the commercial conversion projects in different companies means they don’t affect each other
• Once you have done a transaction close the company down and move the money to the next one
• When you close a company after completing a commercial conversion and take the money out you will pay personal tax
• If individuals have their own holding company they have the flexibility to do what they want with the cash  

BEST MOMENTS 

‘With a LLP tax is payable whether the money is taken out or not’ 

‘There is no personal consequence from loaning between companies’

‘A holding company gives flexibility’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

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 discusses the thorny subject of when and how to buy shares internally when it comes to a business - from where to find the money to do so, to how to make sure you remain compliant at all times.

KEY TAKEAWAYS

• Most small businesses tend to be born from a family concern, with the parents founding and the children assuming the reins later.
• Using a dividend in order to fund the acquisition of more shares is possible, but requires you to consider the tax you'll also be paying. Adjust the sum accordingly.
• The company can buy back the shares and liquidate them, making the smaller shareholder the larger shareholder by default.

BEST MOMENTS

'The company can buy back the shares!'

'Once they've sold their shares, they can't own more than 30% of the shares remaining'

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

 

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 explains Investor's Relief, a more flexible version of Entrepreneur's Relief, and when it can be best deployed in order to save you more money!

KEY TAKEAWAYS

• Investor relief works very similar to entrepreneur's relief but is actually more flexible. Investors keep their money is a deal for three years. After this period, up to the first ten million pounds of uplift is charged only 10% tax.

BEST MOMENTS

'This way you tie them in, they're engaged'

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

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 explains Business Asset Disposal Relief (BADR) - when it can be used, and why you should look to it when selling a business.

KEY TAKEAWAYS

• If you run a business for five years and have at least 5% of the share capital - if you sell it you can claim entrepreneur's relief up to the first million pounds.
• If you charge rent on the business, then you can't charge Entrepreneur's Relief as it then becomes an investment activity.

BEST MOMENTS

'Where possible, you want to make sure that you can utilise Business Asset Disposal Relief'

'This is called "phoenixing"'

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

 

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.