Stamp Duty Land Tax, SSAS And Land Remediation Your Questions Answered
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
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Show Notes
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
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: