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...
Aug 03, 2022•16 min•Ep. 222
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 ...
Aug 01, 2022•30 min•Ep. 221
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 mea...
Jul 27, 2022•32 min•Ep. 220
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 ...
Jul 25, 2022•19 min•Ep. 219
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 actua...
Jul 20, 2022•7 min•Ep. 218
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 yo...
Jul 19, 2022•11 min•Ep. 217
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 i...
Jul 14, 2022•23 min•Ep. 216
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 compa...
Jul 11, 2022•26 min•Ep. 215
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 partner...
Jul 07, 2022•20 min•Ep. 214
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 ...
Jul 04, 2022•21 min•Ep. 213
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 y...
Jun 29, 2022•23 min•Ep. 212
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 limite...
Jun 28, 2022•29 min•Ep. 211
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 t...
Jun 23, 2022•22 min•Ep. 210
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...
Jun 20, 2022•14 min•Ep. 209
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 a...
Jun 15, 2022•17 min•Ep. 208
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...
Jun 13, 2022•10 min•Ep. 207
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...
Jun 08, 2022•15 min•Ep. 206
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...
Jun 06, 2022•14 min•Ep. 205
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 mone...
Jun 01, 2022•45 min•Ep. 204
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, turnov...
May 30, 2022•42 min•Ep. 203
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 compan...
May 25, 2022•14 min•Ep. 202
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 quic...
May 23, 2022•26 min•Ep. 201
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 ch...
May 18, 2022•30 min•Ep. 200
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 ...
May 16, 2022•23 min•Ep. 199
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 cre...
May 11, 2022•16 min•Ep. 198
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’ g...
May 09, 2022•16 min•Ep. 197
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...
May 04, 2022•22 min•Ep. 196
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 ...
May 02, 2022•13 min•Ep. 195
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...
Apr 27, 2022•22 min•Ep. 194
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, t...
Apr 25, 2022•18 min•Ep. 193
