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‘We were able to achieve an extra 175,000 in our accounts -  this is a game-changer’

As a successful property investor, Shaz has extensive experience and expertise.

In this informative episode, he shares an example of one of his own redevelopment projects. When purchasing to redevelop from commercial to residential there are tax allowances available that are game-changers for any investor.

Shaz takes us through his project explaining in detail the costs and how effective use of tax planning made it a very profitable deal. Listen in to hear how to you can use tax allowances to increase the profit on your investments.

KEY TAKEAWAYS

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• For most commercial conversions 20% profit or more is considered good
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• If you are converting from commercial to residential completing a VAT1614D form and giving it to the vendor will mean you don’t pay VAT on the purchase price.
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• The key benefit that people often miss out on is capital allowances
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• When you are buying a commercial building for conversion to residential always speak to a tax specialist on capital allowances to make sure you put in the right allowances claim
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• You can claim for items such as fire alarms, fire equipment, heating systems and air conditioning systems.
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• If you have to clear hazards such as Japanese knotweed or asbestos you can claim land remediation relief which gives you back 150% in tax relief
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• If tax allowances are structured correctly you can uplift the profit on a project by over a third.
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• Tax allowances can make a huge difference to the profit margin of a deal.
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• Because you can identify most of the tax savings upfront it enables you to pay more for a property if required because you are assured of getting it back.
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BEST MOMENTS

‘I’m passionate about trying to fix homelessness, we live in a developed country and nobody should be without a home, we gifted the building to the charity’

‘If you contract out the labour and materials you will pay 5% VAT and if correctly structured there are ways to reclaim this’

‘It’s always best to get a specialist tax advisor involved at the start’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

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 consultation 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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•   Facebook
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•   LinkedIn
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•   Instagram
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•   YouTube.
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This show was brought to you by Progressive Media