ZARZA We are Zarza, the prestigious firm behind major projects in information technology.
Listen "No Money Down, LLP & Section 162 Incorporation Tax Relief Q&A Session"
Episode Synopsis
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 money in one company, diversify and spread the risk across many companies
No money down means using other people's money
Most of the objections and barriers you have in your mind will not ever happen
Properties moved into a limited company are subject to capital gains tax but if you qualify for section 162 incorporation relief there is no capital gains tax payment
Most tax reliefs are available for trading businesses
An LLP is very flexible with a capital and profit share ratio
It’s more flexible for company cars because you, the partners, are the business
An LLP is a flexible arrangement and one you should be looking at within your property business
An LLP is very flexible but the challenge is that most accountants don’t understand them
If you increase the number of dwellings, or decrease them or buy a house that hasn’t been occupied for at least 2 years you only pay 5% VAT on the cost of labour for refurbishment
VAT, if you outsource labour and materials you only pay 5%
BEST MOMENTS
‘Get out of your own way, take action and do stuff’
‘You are only a few steps away from successful you’
‘I’ve used LLPs a number of times to good effect’
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.
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 money in one company, diversify and spread the risk across many companies
No money down means using other people's money
Most of the objections and barriers you have in your mind will not ever happen
Properties moved into a limited company are subject to capital gains tax but if you qualify for section 162 incorporation relief there is no capital gains tax payment
Most tax reliefs are available for trading businesses
An LLP is very flexible with a capital and profit share ratio
It’s more flexible for company cars because you, the partners, are the business
An LLP is a flexible arrangement and one you should be looking at within your property business
An LLP is very flexible but the challenge is that most accountants don’t understand them
If you increase the number of dwellings, or decrease them or buy a house that hasn’t been occupied for at least 2 years you only pay 5% VAT on the cost of labour for refurbishment
VAT, if you outsource labour and materials you only pay 5%
BEST MOMENTS
‘Get out of your own way, take action and do stuff’
‘You are only a few steps away from successful you’
‘I’ve used LLPs a number of times to good effect’
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.
More episodes of the podcast Wealth Made Simple Podcast
Top Traits & Habits of Wealthy People
27/02/2024
The Art and Importance Of Storytelling
13/02/2024
How To Achieve Your Goals
25/01/2024
Goal Setting
16/01/2024
Why Get Rich Quick Doesn't Work
04/01/2024
Building Blocks to Create Financial Freedom
19/12/2023
Wealth Magnets
07/12/2023
How to Create Additional Income
30/11/2023
Lease Option Agreements
28/11/2023
In God we trust