Shaz shares great information as he answers questions from his live audience about when you can and can't claim VAT on commercial properties and refurbs and also takes a look at how to claim entrepreneurs' relief
KEY TAKEAWAYS
You can claim VAT on commercial properties if you sell them
If you are increasing or decreasing the number of units of buying a house that has been empty for 2 years or more VAT is 5%
If you outsource or subcontract the labour and materials you pay 5% on both
For better cash flow outsource the whole thing
Create a management company and have a lease of more than 20 years to claim back VAT
Start SA run it for 2 years, sell it as a business and then you can claim entrepreneurs relief
BEST MOMENTS‘If they sell the flats they can claim back the VAT on the refurb’‘At the end when you sell you get to keep the VAT’‘There is a lot of money to be made and saved when you are buying and refurbing property’
VALUABLE [email protected]
ABOUT THE HOSTShaz 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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