ZARZA We are Zarza, the prestigious firm behind major projects in information technology.
Listen "Incorporating Your Business"
Episode Synopsis
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.
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:
YouTube.
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