Wealth Made Simple Podcast

If you are buying a property then SDLT is important and in this episode Shaz shares an overview and key points about stamp duty land tax and answers questions about purchasing through a limited company and shares some of the benefits of buying property in this way along with valuable information about tax and limited companies KEY TAKEAWAYS If you are buying six or more units you can choose whether to pay residential or non-residential rates You can claim multiple dwellings relief if you are buying 2 or more properties If you are buying property through probate there are ways to reduce SDLT SDLT is vast and complicated so speak to a tax specialist If a property is uninhabitable when you are purchasing there are ways to reduce SDLT Purchasing through a limited company limits your liability If you have property in your own name at the end of the year you will pay tax depending on the profit you have made With a limited company you pay 19%, and you can control how much you take out each year BEST MOMENTS ‘Multiple dwellings relief is a very good relief that will reduce your Stamp Duty Land Tax’ ‘A limited company gives you a level of control’ ‘If you’re paying your children it has to be at a commercial rate’ 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 shares an overview of the benefits of having a SSAS and works through live examples from members of the audienceIf you want control of your funds and the opportunity to grow a SSAS to a point where you can effectively use it then this episode has great content about the key positives of setting up a SSAS KEY TAKEAWAYS A Small self-administered pension scheme (SSAS) is a trust where you control the funds With a SSAS you control what happens to your funds Every year you can pay up to forty thousand pounds into your pension You can transfer funds from your SIP to your SASS A SSAS requires a sponsoring company Lend up to 50% back to your company, with security, charging interest Buying commercial property through a SSAS means there is no tax on the rental The lifetime limit on a SSAS is a million plus When the interest goes into the SSAS there is no tax for the SSAS BEST MOMENTS‘50% can be lent back to the sponsoring company’‘It can quickly build up to having a sizable SSAS’‘It gets to a stage where he can be his own bank’ VALUABLE [email protected] ABOUT THE HOSTShaz 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 overseas money can be used to fund property investments in the UK and the importance of knowing the investor and having a relationship with them This episode is a great opportunity to gain an overview of joint ventures with overseas investors and how funds can be effectively transferred KEY TAKEAWAYS They could transfer the funds to the UK and into a UK account Most solicitors will want you to transfer from your business account into their client account Solicitors have a duty under anti-money laundering rules Ideally, you should have an understanding of the investor and a relationship with them You have to ask the questions any lay person would ask BEST MOMENTS ‘Some lenders might not like it but there will always be someone out there who will like it’ ‘Ultimately it’s your responsibility 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 explains how company structure impacts tax and goes into detail about a holding company structure and how it can be used effectively He answers questions about payments to subcontractors and explains how entrepreneurs' relief works sharing great content for anyone building a business KEY TAKEAWAYS A benefit of a holding company structure is less tax The holding company shouldn’t do anything except holding If the holding company is also trading then if it goes bust all the other companies are liable to pay the debts The Construction Industry Scheme, set up by HMRC means you hold the tax payment for any sub-contractors If you have trading status there are tax allowances you are entitled to including capital allowances and entrepreneurs' relief Entrepreneurs relief means when you sell a business the first million pounds is taxable at 10% If you breach the 20% rule you won’t be treated as a trading group and will lose some tax allowances BEST MOMENTS ‘A company is a separate legal entity therefore if it goes bust you are not personally liable’ ‘Use the money to do more deals’ ‘If you are holding properties you will quickly breach the 20% rule’ 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 shares the key points about claiming capital allowances including when you can and when you can't claimIf you are wondering where to get started on capital allowances, this episode is the one to listen toKEY TAKEAWAYS You can claim on anything fixed to the building You can claim capital allowances if the previous owner hasn’t A commercial property or standard search enquiry, completed by the solicitor has a question about capital allowance claims For new items, you can claim the cost for existing items a valuer is needed to assess There are different pools for capital allowances In a large HMO, you can claim for communal areas BEST MOMENTS‘A new building will have its own capital allowances’‘The longer you use it as SA the better for capital allowances’VALUABLE [email protected] THE HOSTShaz 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 taking questions from his live audience about VAT. With lots of different questions all focused on VAT this is a great opportunity to hear great content about how VAT works in a range of different business situationsKEY TAKEAWAYS If you have to register there are 3 options, 20%, the flat rate scheme or a tour operators management scheme With the flat rate scheme, you pay a lower percentage but can’t claim VAT on items bought unless they are over two thousand pounds It’s better to have separate companies If you are below the threshold, de-register If you are doing a commercial conversion, complete a VAT 1641D and give it to the seller, if they accept it you don’t pay VAT on the transaction SDLT is payable on the purchase price and the VAT element Outsource the labour and the materials and only pay 5% BEST MOMENTS‘If you are mixing different incomes you are more likely to breach the VAT threshold quicker’‘Generally, there is no benefit to registering for VAT’‘You are paying tax on the VATVALUABLE [email protected] THE HOSTShaz 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 how multiple dwellings relief works and can be hugely beneficial in reducing your stamp duty land tax and the huge amounts of SDLT that can be saved if a house is classified as uninhabitable He also looks at what you can claim for your business and explains how the key and only question you need to ask yourself is – Is it wholly and exclusively for the businessKEY TAKEAWAYS An annexe with a separate entrance, kitchen and bathroom means you can claim multiple dwellings relief Even though the properties are on one title you can reduce your SDLT with multiple dwellings relief There are approximately 15 plus SDLT reliefs available In the first 12 months, you can change your SDLT return Is it wholly and exclusively for your business? if it is you can claim the cost For SDLT the threshold for being classified as uninhabitable is higher There is a huge amount to be saved on SDLT if a house is uninhabitable BEST MOMENTS‘Multiple Dwellings Relief can significantly reduce your SDLT‘Buy properties in a limited company’‘ If there isn’t a roof it’s not a house’ VALUABLE [email protected] THE HOSTShaz 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 hear about the crucial questions you should be asking yourself when tax planningFrom always asking whether it’s legal to understanding that HMRC interpret the rules and can be challenged this is a must-listen with great content for any business owner KEY TAKEAWAYS Always ask ‘is it legal? at no point is it worth doing something illegal Is what you are doing effective in terms of how much you are spending and what you are saving Is it acceptable? Your tax planning needs to be acceptable to you HMRC interpret the rules and you need to look at the law Tax enquiry insurance is always worth having There is a risk assessment form used prior to any enquiry If you are doing SA make sure you are using the right tax rules for you With tax, once it’s happened you can’t go back so planning before is crucial BEST MOMENTS‘HMRC aren’t always right, they lose as many appeals as they win’‘Don’t be fearful of challenging HMRC’‘Make sure you are clear about TOMS rules for serviced accommodation’VALUABLE [email protected] THE HOSTShaz 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 the rules and restrictions of turning property purchases into serviced accommodation, focusing on the two models available - Furnished Holiday Lets (FHL) and Serviced Accommodation (SA).As he continues to tutor his live audience, Shaz explores the benefit of offering services to guests, what schemes are available to help property owners pay less tax, and how multiple properties can help to alleviate some of the restrictions of an FHL.KEY TAKEAWAYS A Furnished Holiday Let (FHL) must be made available for commercial letting for at least 210 days a year and rented out for a minimum of 105 days at their full rate If lettings over 31 days exceed 155 days in a year, your property will not qualify as an FHL An FHL is not considered a trading business but can benefit from many of the same reliefs FHL restrictions may no longer apply if you offer additional services such as breakfast, tours, and concierge Reduce tax using the Tour Operator Margin Scheme (TOMS) Furnished Holiday Let mortgages are available for properties that follow the FHL restrictions BEST MOMENTS“SA is supposed to be short-term lets - one night, two nights, four nights, not a month or longer.”“Whether you’re a Furnished Holiday Let, or whether you’re a proper SA, if you go over £85,000, you’ve got to pay VAT on the income.”VALUABLE [email protected] THE HOSTShaz 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

Capital allowances can be hugely beneficial and Shaz explains how things work in both an LLP and a limited company He also shares great content on when to claim capital allowances and how with any commercial property purchase there is potentially more than one opportunity to claim KEY TAKEAWAYS An LLP is transparent for tax purposes and the capital allowances are claimed on the income The government wants to incentivise trade and you can claim back for fixtures and fittings that you have invested in to start your business An LLP is transparent for tax purposes so individual partners pay tax on the profits When you have no capital allowances left, you can incorporate Capital allowances are based on what’s in the building If you buy a commercial property you can claim on what’s already in the property Always use a commercial property standard enquiry and negotiate with the seller If you are buying a commercial property through a SSAS there is no tax BEST MOMENTS ‘You only pay tax if you take the money out of the bank’ ‘Claim the annual investment allowance as much as you can’ ‘With capital allowances, there are two bites of the cherry’ 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 is with a live audience looking at the tax payable when you are buying more than one propertyHe 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 propertyKEY 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 [email protected] THE HOSTShaz 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 conversionSharing 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 usingKEY 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 [email protected] THE HOSTShaz 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.

Shaz takes us through expenses and the differences between being a sole trader and a limited company when you are justifying expenses As a director of a limited company you always need to consider whether an expense is necessary in order to justify it but as a sole trader has more flexibility You may want to borrow money from your company or you may be lending money to your company listen in and hear about the best and most effective ways to do this KEY TAKEAWAYS The test for a justified expense is higher for a director than for a sole trader, being a sole trader gives you better flexibility A limited company has more rules, regulations and company laws to take into account If it’s not a salary or bonus you need to pay interest to your company You have to treat a limited company as if you are working for someone else where money is concerned, everything must be accounted for If you are lending money to your company you should charge interest A basic rate taxpayer has a £1000 income tax-free You can charge interest and not pay any tax if you met the criteria Your company can claim 19% corporation tax relief on the money BEST MOMENTS ‘For directors it’s about wholly, exclusively and necessary, was the expense necessary?’ ‘A lot of small business owners lose sight of the fact a limited company is a separate legal entity’ ‘You can have this and not pay a penny in tax’ 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.

The question of is it a furnished holiday let or serviced accommodation is one that is frequently asked and in this episode Shaz talks in detail about the criteria and rules and answers questions from his live audience about specific scenarios and the tax implications There is invaluable advice and learning for anyone who is involved in FHL and SA in this episode which is a must for anyone involved in letting property KEY TAKEAWAYS The property has to be available for commercial letting for 210 days charging the market rent It has to be rented out for at least 105 days and if it’s let for more than 31 days consecutively and those days add up to 155 days over the year you don’t qualify as a furnished let The aim of furnished holiday lets is short-term letting and you will be penalised by HMRC if you are letting outside of the rules If you let out a property for more than 28 days to the same person you don’t charge them VAT and it becomes a short-term let With more than one unit you can use the days from other properties If you breach the 155 days rule you lose several tax benefits including section 24, capital allowances and entrepreneurs' relief Serviced accommodation losses can be used against serviced accommodation profits Additional services such as meals, trips out, games room, swimming pool and facilities for children and pets are what can move you to SA BEST MOMENTS ‘It’s a pretty generous system for people’ ‘Either side of the one year of grace you’ve got to qualify’ ‘Now you are more like a hotel’ ‘The more additional services you have the safer you are’ 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 takes a deep dive into capital allowances and explains, in detail, when and what capital allowances can be claimed and how to effectively claim allowances at the right point He looks at the different rates and pools that capital allowance items are grouped into and discusses claiming Annual Investment Allowance explaining when it's best to use this. Many people don’t know enough about capital allowances and this can result in them not claiming, listen in and hear great content that will mean you can claim effectively KEY TAKEAWAYS Capital allowances are plant, machinery and equipment which are fixed to a building but are not an inherent part of the building When you spend money on capital allowances it goes into different pools, depending on the pool it goes to you claim different amounts each year Annual Investment allowance is currently a million pounds but only until March 2023 Where possible claim AIA in one year, it puts you in the best possible position When you buy an item it goes into either the main pool, special rate or enhanced capital allowances pool It’s important you put your expenditure into the right pool If the building is leased you can still claim capital allowances if you have contributed to the building items With HMO’s capital allowances claims are now very limited Claim all and then make additional funds it’s a balancing charge, claim less and then sell for less there is a balancing allowance Be careful about how you claim the allowances if you are considering selling the property in the near future BEST MOMENTS ‘It’s anything that would need to be ripped out of the building’ ‘Most people don’t know about claiming capital allowances’ ‘AIA means you can claim all the capital allowances in one 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.

Shaz looks at the implications for stamp duty land tax and multiple dwellings relief when you buy more than one property He also explains the tax implications for the property you reside in and how the occupation of a property is established This is a great opportunity to understand more about using stamp duty land tax and multiple dwellings relief effectively KEY TAKEAWAYS If you are buying 2 or more properties from the same person you can claim multiple dwellings relief If you are buying 6 or more properties you can use MDR or non-residential rates of SDLT which might work out lower If you are not resident in the UK you will pay an extra 2% SDLT when you buy As the value of the property goes up, so does the amount of SDLT payable Occupation of the property is determined by electoral role, school, place of worship, registration with a doctor, dentist, and involvement in the local community If you buy a property valued at over £500,000 in a company that is not rented out you will pay additional tax annually Do not buy a property that you are going to live in through a company Properties bought from the same person at different times are a linked transaction and you will pay a higher rate of SDLT on the second property BEST MOMENTS ‘The home you are going to live in should be in your own name’ ‘If you are buying from the same person try and buy all the properties at the same time 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 continues to share great advice about incorporating and explains what to do around personal loans and the best way to incorporate Listen in and find out more KEY TAKEAWAYS Under section 162 Incorporation tax relief you can move5 or more properties from your own name into the company when you incorporate If 2 or more people own the properties you can incorporate and not pay stamp duty land tax if you meet the criteria When you change the loan document details to the company no money is actually changing hands You can’t move properties individually it has to be all of them If you have property rental losses in your name don’t incorporate until you’ve used up the losses BEST MOMENTS ‘You can’t move properties piecemeal it’s all or nothing ‘Most lenders will entertain it’ 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 explains the benefits of incorporating and why for properties owned it can bring an uplift in base value when you incorporate This episode also includes questions and answers from those in the room with Shaz and these provide great information on specific examples that will be useful for listeners KEY TAKEAWAYS If you are incorporating property into a limited company you will be liable for capital gains tax Section 162 incorporation relief states you don’t pay capital gains when you move your business from being unincorporated into a limited company If a partnership has owned property for a number of years there is There is no SDLT to pay when a partnership incorporates The benefit of incorporating is the uplift in the base cost of moving the properties from a partnership into a limited The longer you keep the properties the bigger the gain The funds belong to the company not the individuals BEST MOMENTS ‘The longer you have owned the properties the bigger the benefit’ ‘Section 24 is just a by-product, it’s the uplift that’s the greatest benefit’ 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 company structure and the importance of having a structure that is flexible and works for you There are a range of aspects you need to consider and this is a great opportunity to hear about a flexible company structure that can meet the needs of your business plan, objectives and make you tax efficient KEY TAKEAWAYS The right business structure must be flexible and needs to be in line with your business plan and objectives Don’t just do something because it seems tax efficient do it because it works for you If you have project after project it can get very messy A holding company means you can lend and receive money from the other companies It’s easy to move money and you don’t need to keep the previous companies open Every company that's open will require tax returns and confirmation statements and this is an expense Keep the entities separate and limit liability BEST MOMENTS ‘The right business structure must be flexible’ ‘Once you’ve completed a project, it's good to close that company and move on’ ‘You can keep recycling as you move forward’ 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

Shaz explains the crucial details around money you take out from a company and how to do it in the right way along with informative content about tax and interest. He also goes through the best way to loan money to your company and discusses the rate of interest you should be considering This is a great episode packed with advice and information, listen in and learn more KEY TAKEAWAYS If you borrow money from a company you will need to pay interest or file a P11D and pay tax If you owe the company money 9 months after the year-end you will pay 33.75% tax to HMRC as a Section 455 penalty tax You can borrow money as a one-off from the company but not repeatedly, which is known as bed and breakfasting If you are a basic rate taxpayer the first £1,000 of savings income is tax-free. If you are a higher rate taxpayer the first £500 in tax-free Loaning money to your company can be a higher risk so a higher rate of interest is justified With a limited company, you only pay tax on the income you draw down as you draw on it. As a sole trader or partnership, you pay tax on all of the profit every single year In a limited company you control how much you take out and when you take it out and have some control over the tax you pay BEST MOMENTS ‘You can get to £27,570 without paying a single penny in tax’ ‘ The company is a separate legal entity’ ‘If you repay the loan you can claim back the money paid to HMRC’ 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 discusses the differences between various business structures and looks in detail at how a limited company operates He answers questions from his audience and explains the importance of a shareholder’s agreement along with great advice on the detail of setting up and running a limited company KEY TAKEAWAYS With a limited company, you have limited liability The bank wants a commitment from you about the deal and a personal guarantee is a way of doing this If you are a partnership the partners pay tax individually, If you have a limited company the company pays the tax Entrepreneurs’ relief is now business asset disposal relief and has a limit of 1 million If you sell your shares in the business and claim business asset disposal relief you will only pay 10% tax With a sole trader or partnership only you, your accountant, your bank and HMRC know what you are doing As a limited company, you have to follow the companies act and need to make sure you have a shareholder’s agreement BEST MOMENTS ‘Try to limit the amount of your personal guarantee’ ‘The management style is down to the directors’ ‘A limited company is less flexible because you have to follow additional rules’ 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 answers questions on what linked transactions are and discusses with his live audience what makes a property habitable and uninhabitable for the purposes of mortgages and the threshold for stamp duty land tax Listen in and hear great information and advice that will help you with when SDLT is applicable and when a linked transaction can be beneficial KEY TAKEAWAYS Linked transactions are part of the same arrangement With a linked transaction you may end up paying more SDLT When there is no kitchen mortgage lenders will deem it uninhabitable The threshold for uninhabitable is different for SDLT, not having a kitchen does not alone make it uninhabitable A lack of roof, asbestos and no pipework are issues that make a property uninhabitable If it’s uninhabitable you will pay less SDLT BEST MOMENTS ‘The threshold for SDLT is higher than the one for mortgages’ ‘He ended up paying £90,000 instead of £221,000 in SDLT’ 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 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 LinkedIn Instagram YouTube.

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 LinkedIn Instagram YouTube.

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 LinkedIn Instagram YouTube.

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 LinkedIn Instagram YouTube.

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 LinkedIn Instagram YouTube.

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 LinkedIn Instagram YouTube.

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 LinkedIn Instagram YouTube.

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 LinkedIn Instagram YouTube.

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 LinkedIn Instagram YouTube.

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 LinkedIn Instagram YouTube.

What’s the Company structure for commercial conversions? is a frequently asked question and in this episode, Shaz explains all He shares invaluable content on why setting up a holding company provides the flexibility you need to be able to scale and grow and explains why when you are a trading company there are potentially useful tax reliefs available KEY TAKEAWAYS Only do one commercial conversion per company at any one time Before you do your first commercial conversion set up a holding company A holding company gives you the flexibility to move finance around You can have different classes of shares A trading structure is when you buy, refurbish, and sell properties If it’s a trading structure when you sell shares in the company you can claim substantial shareholding exemption If you are holding properties the company becomes an investment business and you lose some tax relief Make sure you are clear about holding or selling and stick to the plan BEST MOMENTS ‘It’s called a holding company because it holds all the shares for the SPVs you own moving forward’ ‘You lose if you lose trading status’ 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 sharing the top 5 key things that will really make a difference, making it easy for those who are just starting out or want to grow their property business He discusses why you don’t need lots of money to get into property and how commercial conversions are game changers If you want to grow your business advice from those who have experience and credibility is always worth listening to and as Shaz explains if he had known this stuff earlier he could have moved forward and grown more quickly KEY TAKEAWAYS You don’t need lots of money, you can use ‘no money down’ to make great deals, it’s a game changer in growing your property business It creates your own network of investors and you can scale because you can do more than one deal at a time With more investment, you can move into bigger deals involving multiple properties If you have the expertise you can work with people who have money and both benefit Commercial conversions have great margins and are a great way to grow your property business rapidly Learn to leverage your time so that you are using your expertise and time in the most effective way A good deal sourcer can do all the hard work in their area of expertise A good accountant who is a specialist in property is invaluable You have to have the right mindset to become a bigger property developer Whether it’s a big deal or a small deal the effort and time needed are similar so going big is worth it BEST MOMENTS ‘They have earned their stripes and are talking from experience so listen to them’ ‘The more stuff you give away to others to do, the more it frees up your mind to work on your core competencies’ ‘Do what you are really good at it’ 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 has done the hard work for anyone who is wondering where in the UK to invest and compiled a list of the best places and explains why in this episode packed with valuable content From Manchester to Glasgow there are great places to look at carefully if you are a property investor. You need to make sure the numbers stack up and know which strategy you will be using along with visiting to get an accurate view of what a place is like. Listen in and you will know exactly how to get started on choosing your investment area with all the information you need because it’s when you take action the magic happens KEY TAKEAWAYS The gap between house prices in the north and south is expected to close in the next 5 years Manchester outperforms other areas for rental yield so it’s an area to look at carefully There are great opportunities for investing in Manchester because of the growth Newcastle is a very fast growing city and is an attractive investment for rental properties and serviced accommodation Nottingham has a strategic plan that is expected to add nine billion to the economy Substantial resources are being allocated and the opportunities are great for investors Bristol has two universities and is attractive to young people with high demand for rental properties In Scotland, Glasgow has 65,000 students many of which make it their home following graduation. House prices are rising so getting in early as an investor is key Look at which areas will give you the best rental and capital growth Consider the areas that your demographic and target tenant will want to live in Always crunch the numbers to make sure they stack up Have a clear idea of what you want and the strategy you want to use BEST MOMENTS ‘When it comes to investing it’s all about location, location, location’ ‘The percentage of private rental properties in Newcastle has doubled in the last twelve years, it’s a proven market’ ‘I think it's well worthwhile investing in Glasgow because it has both great rental rates and capital appreciation 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.

Stamp duty land tax (SDLT) is one of Shaz’s favourite topics but is also one of the least understood in taxation. Shaz takes a look at how stamp duty land tax works and some of the rules and procedures that apply to it, including the thresholds for different bands of payment and some of the rules around uninhabited properties and multiple purchases. Listen in and learn more KEY TAKEAWAYS Stamp duty land tax applies to both freehold and leasehold land and property The rate of tax paid depends on the size of the property and if it is residential or mixed use Stamp duty land tax is a tax on the transactions themselves For non-UK residents, there is an additional 2% surcharge payable on any property purchased in England and Wales A stamp duty land tax return must be sent to HMRC and the tax paid within fourteen days of the effective date If you think you may be entitled to any exemption seek advice from a specialist Between 2019 -2020 revenue collected from stamp duty land tax amounted to around 11.6 billion, a significant figure If you buy more than 6 individual dwellings in one transaction it can be considered a commercial transaction You can claim multiple dwellings relief when you purchase more than one property in a transaction If you can evidence a property being in a particular state on the effective date you can pay non-residential rates of stamp duty land tax Stamp duty land tax is a complicated area and there are many exemptions and reliefs BEST MOMENTS ‘Before you buy a property you must do the maths and give yourself the options and see which one gives you the best outcome’ ‘It’s usually better to seek a refund after paying the initial rate of stamp duty land tax’ 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 what you need to do to put yourself in the right place to attract JV partners Hear about why it's important to believe in yourself and begin with smaller steps and do smaller deals that will build your credibility and believability. When you are getting started you need to be on social media consistently sharing what you are doing, what’s going well, what’s not and what you are learning Building a social media presence and sharing your expertise will build your credibility and believability so that those with money to invest will know what you can do for them, listen in, and get started KEY TAKEAWAYS Any stumbling blocks are magnified by you in your mind No money down isn’t a complicated strategy Become comfortable with being uncomfortable Get out and on social media sharing the deals you are doing Start with smaller deals and share the information about what you are doing, what worked well, what didn’t and what you learnt If you share on social media people will start to follow what you are doing If you are interested in no money down deals start with smaller deals and share what you are doing You need to build believability by showing people the work and what you are doing behind the scenes Build credibility by being upfront, honest, and transparent, answering people's questions and showing you have the expertise BEST MOMENTS ‘Just be open about what you are doing’ ‘The more vulnerable you are the more human you come across as’ ‘Everyone understands that there are challenges so being transparent and honest makes you more relatable’ 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.

When people are building their property portfolio they often set a goal linked to achieving a certain number of properties but Shaz explains how looking at the income you want to achieve and the different strategies available mean you can reach your goal faster He uses his own recent project as an example of how you can achieve more with a joint venture partner and takes us through the numbers and strategies that helped him to reach 21 properties in under 2 years KEY TAKEAWAYS Use the numbers’ goal and link it to your desired income figure Make an income number your goal and use a range of property strategies to achieve it Work with a JV partner to get the deals you want Developments with multiple properties will help you to grow more quickly The more properties you have the more income you can generate Focus on finding good deals and a JV partner Start with smaller deals, keep it simple and you can rapidly scale BEST MOMENTS ‘Most people focus and measure their goals through achieving a set number of properties’ ‘Go in a different direction and you could do better than most others’ ‘We did it from start to end in 21 months’ 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.

Whatever the deal you are looking at its important to have an accurate appraisal and in this episode, Shaz explains stage 1 of his 3 stage process for appraisal When you have worked out an overview of costs for acquisition, net saleable area, and development you will know if the deal is worth looking at further Shaz explains the process and then takes us through an example so this is a great episode that will get you started on the vital process of appraisal as a property developer KEY TAKEAWAYS The first question about any potential deal is whether it fits your criteria Work out the net saleable area you can develop and the costs You need to understand how much it will cost to develop the property Calculate the price of acquisition and include all associated costs like legal Work about how much funding you need for acquisition and how much for developing the project When you have worked out the profit margin you will know if the deal is worth looking at further BEST MOMENTS ‘It gives a good idea about whether you should look at a deal further’ ‘If at any point I think it’s not working out I know to not do anymore’’ 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.

Different deals work for different people and Shaz explains how when you understand what you are good at and what your parameters are and you can confidently look at whether a deal is right for you. When you make sure you look at any deal with your head, not your heart, have the right budget in place and always review both the potential upside and the downside then you have put yourself in the right place to make the deals that will work for you KEY TAKEAWAYS Don’t be desperate to do a deal, it will lead you to deals that don’t work for you People are usually sharing their experiences when they talk about deals that won’t work out Always have a contingency in place There will always be things that are unexpected but this should not be a regular occurrence It’s a business and the numbers have to stack up Use your head and think about your tenants, it’s going to be their home Make sure you have organised the funding and stick to the budget you have set Always think about the upsides and the downsides of any deal Property is an illiquid asset because it can take time to sell As a landlord, you must avoid overleveraging your portfolio and over-borrowing BEST MOMENTS ‘You can sometimes find an absolute gem that's not in the best location’ ‘If you can make it work do the deal’ Work with your head not your heart’ 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.

As an entrepreneur with extensive experience and expertise, Shaz has some great tips on what you can do to develop and improve your mindset He has learnt to think about things in a different way and explains why mistakes are the gift of learning, how taking responsibility and being decisive about taking action are crucial and shares the key to self-management Those who want to learn, listen, change, and improve usually do better than those who don’t, action is a wonderful thing so make listening to this episode the first action you take in developing the right mindset KEY TAKEAWAYS Mistakes are lessons, there is no failure and you shouldn't let it hold it back When you make mistakes learn from them and move forward in a better way Embrace your mistakes and take action to make a difference Take responsibility for what happens in your life and what you have control over Those who take responsibility are usually more successful than those who don’t You need to be decisive and take action for things to progress and improve Motion beats meditation, it’s important to stay in motion to achieve your goals and move forward Self-management is crucial because it leads to effective focused time management Be disciplined to get the most out of your day Surround yourself with the right sort of people, those who can support and inspire you BEST MOMENTS ‘Everyone makes mistakes, it’s just how you react to those mistakes and what you put in place to avoid them happening in the future’ ‘Take responsibility - it will be a game-changer for you’ ‘Sitting on the fence gets you nowhere’ 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 has identified the five key areas you need to think carefully about before investing in property. These tips are a good starting point for identifying the best areas to invest in and how to do the research that will mean you are buying income-producing properties that work for you generating positive cash flow every month and providing capital growth over time Investing in property is a great strategy but you do need to put in the work so that you invest in properties that you can afford, that cashflow and are in demand, Shaz explains exactly how to do it, listen in, and hear more KEY TAKEAWAYS The UK property market is a good place to invest because the market is continuing to grow You buy property for rental income and the capital growth over time You are looking at regular income and capital appreciation as a bonus Property investing is a long term strategy Rental income can be used to cover the mortgage and maintenance with the surplus as your profit Look for areas where there is a growing population Positive economic growth due to corporate growth plans and regeneration are good indicators It’s important to understand what’s driving growth in an area Location is important both from an investment perspective but also consider geographical locality for how practical it is for you to manage To find the best income-producing properties you need to do the research BEST MOMENTS ‘You need to have a clear strategy in place and do what you need to do to make your business work’ ‘You have regular recurring income every month’ ‘Aim for positive cashflow every month’ 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.