Multiple Dwellings Relief and Expenses
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Shaz goes through the 3 key questions you must always ask yourself before you begin any tax planning
\\n-is it legal?
\\n-is it effective?
\\n-is it acceptable?\\xa0\\xa0
\\nHe 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
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\\nKEY TAKEAWAYS
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- When you are tax planning there are 3 key questions; is it legal? is it effective? is it acceptable? \\n
- Multiple dwellings relief means you can divide the price by the number of properties you are buying ad work out the SDLT on each property, you may find there is less to pay in tax \\n
- If you are buying 2 or more properties there may be an SDLT saving \\n
- If there are 2 or more properties with separate entrances you may be able to claim SDLT relief \\n
- You can claim anything in\\xa0 your business as long as its wholly and exclusively for the purpose of your business \\n
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\\nBEST MOMENTS
\\n\\u2018If you are comfortable with it do it, but if you are not don\\u2019t do it\\u2019
\\n\\u2018If you\\u2019re buying a property with a granny annexe you may be able to reduce SDLT\\u2019
\\n\\u2018There are certain expenses that have a dual purpose\\u2019
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\\nVALUABLE RESOURCES
\\nshaz@aaa-accountants.co.uk
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\\nABOUT THE HOST
\\nShaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
\\nShaz 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.
\\nHe is a huge advocate of having multiple streams of
\\nincome. He has written a number of business books and regularly contributes articles to mainstream media outlets.
\\nYou can find Shaz on:
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This show was brought to you by Progressive Media
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