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Show Notes
Shaz talks about the many tax benefits and disadvantages offered when conducting business through either an investment business and a trading business.
KEY TAKEAWAYS
- An investment business is where you buy an asset and rent it out or get some form of income from it. Buy to let is investment, whereas commercial conversion is trading.
- Deal packaging comes under a trading business, and so is serviced accommodation. The government does not incentivise people to become investors, and so the tax benefits do not work in your favour.
BEST MOMENTS
'Buying a property, holding onto it, renting it out - that is investment'
'The government does not incentivise people to become investors'
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: