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Show Notes
Shaz explains the differences between an investment company and a trading company, and how the approaches to buying properties for each will require different schools of thought.
KEY TAKEAWAYS
- If you buy a property, hold on to it, and rent it out, then this an investment purchase. if you buy a property, do something to it and then trade it, this is a trading purchase.
- Serviced accommodation property investments are treated as a trading deal, as you are selling a product to a client each time it is rented out.
BEST MOMENTS
'Short term lets are seen as a trade'
'Trading has many more tax benefits compared to an investment company'
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: