With serviced accommodation becoming one of the most popular property investing types, Shaz tells you the best way to structure your business and how it operates.
KEY TAKEAWAYS
If you have an LLP and you make £500,000 profit and you don't take any money out of the business, you will pay tax on everything.
If, however, you pay the capital allowances, you will pay no tax on this sum.
BEST MOMENTS
'The bank always asks for the financials!'
VALUABLE RESOURCES
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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:
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