In this episode, Rob sits down to talk to Sean - The Property Tax Accountant. He is a chartered accountant with 20 years of experience. Sean specialises in providing advice to landlords, property flippers, those following a BRRRR model, and holiday let or serviced accommodation owners. His is a digital business, so he can advise people across the world and is himself a property investor.



The tax tips he shares in this podcast are laser-focused and based on experience and up-to-date information on how the legislation is applied in the real world. He covers some of the less common taxes, the ones that catch people out. As well as, capital allowances. 



KEY TAKEAWAYS
When it comes to tax matters investors and business owners need to start with the end goal in mind. Why is explained in the podcast.
The tips are purely educational. Before applying them, business owners should seek individual advice that is tailored to their specific circumstances.
Keep a complete record of all financial transactions from the start. It is the best way to avoid being seen as a tax evader by HMRC.
Track the performance of each property throughout the year. To do this you need up-to-date accounts.
Set up a separate bank account for your business.
Use a proper system to keep your books. In the podcast, Sean recommends one.
Pay the VAT. Sean explains why this is so important, in the podcast.
There are many allowances that property business owners can take advantage of some of which Sean talks about, in the podcast.
Think about who owns the company, sometimes adding spouses, even children as shareholders have benefits. But there are pitfalls too.
A little knowledge is dangerous, so put together a team of experts from the start. Mortgage experts, property accountants, and solicitors.
Don´t appoint a generalist accountant or a cut-price one. Usually, it turns out to be a false economy.
If the advice you are hearing does not sound right, ask questions. Don´t be afraid to challenge your experts.



BEST MOMENTS

‘The purpose of the tips is to enable you to make great decisions at the right time, based on reliable data.’

‘Skip the discount and pay VAT… it´s tax evasion.’

‘HMRC does not accept ignorance or naivety as a valid excuse.’

‘The beauty about paying a salary from your company is that salary then potentially becomes tax-deductible.’





ABOUT THE HOST 

Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?



Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.



Buckle up, sit tight, and enjoy the ride that is life.



EPISODE RESOURCES

Sean The Property Accountant



Instagram: https://www.instagram.com/property_tax_accountant_uk/

Website: https://propertytaxaccountant.uk/



BOOKS

Buy To Let: How to Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL



WEBSITE

www.tpnpodcast.com



SHOP 

www.tpnpodcast.com/shop



SOCIAL MEDIA

Instagram - https://www.instagram.com/thepropertynomadspodcast/
Facebook - https://www.facebook.com/ThePropertyNomadsPodcast
YouTube - https://www.youtube.com/channel/UCejNnh8OEUXSrdgFDFraWxg





PODCAST

The Property Nomads Podcast:  
I-Tunes = apple.co/3bHNn5G
Stitcher = bit.ly/3cFQVqe
Spotify = spoti.fi/2XaZliP

In this episode, Rob sits down to talk to Sean - The Property Tax Accountant. He is a chartered accountant with 20 years of experience. Sean specialises in providing advice to landlords, property flippers, those following a BRRRR model, and holiday let or serviced accommodation owners. His is a digital business, so he can advise people across the world and is himself a property investor.
 
The tax tips he shares in this podcast are laser-focused and based on experience and up-to-date information on how the legislation is applied in the real world. He covers some of the less common taxes, the ones that catch people out. As well as, capital allowances. 
 
KEY TAKEAWAYS
<ul>
<li aria-level="1">When it comes to tax matters investors and business owners need to start with the end goal in mind. Why is explained in the podcast.</li>
<li aria-level="1">The tips are purely educational. Before applying them, business owners should seek individual advice that is tailored to their specific circumstances.</li>
<li aria-level="1">Keep a complete record of all financial transactions from the start. It is the best way to avoid being seen as a tax evader by HMRC.</li>
<li aria-level="1">Track the performance of each property throughout the year. To do this you need up-to-date accounts.</li>
<li aria-level="1">Set up a separate bank account for your business.</li>
<li aria-level="1">Use a proper system to keep your books. In the podcast, Sean recommends one.</li>
<li aria-level="1">Pay the VAT. Sean explains why this is so important, in the podcast.</li>
<li aria-level="1">There are many allowances that property business owners can take advantage of some of which Sean talks about, in the podcast.</li>
<li aria-level="1">Think about who owns the company, sometimes adding spouses, even children as shareholders have benefits. But there are pitfalls too.</li>
<li aria-level="1">A little knowledge is dangerous, so put together a team of experts from the start. Mortgage experts, property accountants, and solicitors.</li>
<li aria-level="1">Don´t appoint a generalist accountant or a cut-price one. Usually, it turns out to be a false economy.</li>
<li aria-level="1">If the advice you are hearing does not sound right, ask questions. Don´t be afraid to challenge your experts.</li>
</ul>
 
BEST MOMENTS
‘The purpose of the tips is to enable you to make great decisions at the right time, based on reliable data.’
‘Skip the discount and pay VAT… it´s tax evasion.’
‘HMRC does not accept ignorance or naivety as a valid excuse.’
‘The beauty about paying a salary from your company is that salary then potentially becomes tax-deductible.’
 
ABOUT THE HOST 
Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
 
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
 
Buckle up, sit tight, and enjoy the ride that is life.
 
EPISODE RESOURCES
Sean The Property Accountant
 
Instagram: https://www.instagram.com/property_tax_accountant_uk/
Website: https://propertytaxaccountant.uk/ 
 
BOOKS 
Buy To Let: How to Get Started = <a href="https://amzn.to/3genjle">https://amzn.to/3genjle</a>   101 Top Property Tips = <a href="https://amzn.to/2NxuAQL">https://amzn.to/2NxuAQL</a> 
 
WEBSITE
<a href="http://www.tpnpodcast.com/">www.tpnpodcast.com</a> 
 
SHOP  
<a href="http://www.tpnpodcast.com/shop">www.tpnpodcast.com/shop</a> 
 
SOCIAL MEDIA  
Instagram - <a href="https://www.instagram.com/thepropertynomadspodcast/">https://www.instagram.com/thepropertynomadspodcast/</a>   Facebook - <a href="https://www.facebook.com/ThePropertyNomadsPodcast">https://www.facebook.com/ThePropertyNomadsPodcast</a>   YouTube - <a href="https://www.youtube.com/channel/UCejNnh8OEUXSrdgFDFraWxg">https://www.youtube.com/channel/UCejNnh8OEUXSrdgFDFraWxg</a>
 
 
PODCAST  
The Property Nomads Podcast:  I-Tunes = <a href="http://apple.co/3bHNn5G">apple.co/3bHNn5G</a>   Stitcher = <a href="http://bit.ly/3cFQVqe">bit.ly/3cFQVqe</a> Spotify = <a href="http://spoti.fi/2XaZliP">spoti.fi/2XaZliP</a>

Property Nomads brings property and all things currency, money and macro straight to you. All with a no-nonsense attitude! 

EVENT MENTIONED ON PODCAST 
https://progressiveproperty.online/live-multiple-streams-of-property-income-interest-london/AMB4692

WHERE TO FIND US = https://linktr.ee/thepropertynomadspodcast

SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP = https://dash.sovereignman.com/a/smc12m995/tpnpodcast

SOVEREIGN MAN 4th PILLAR = https://dash.sovereignman.com/a/4pmain/tpnpodcast

PROPERTY BOOKS  
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL

ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s. 

Property Nomads brings property and all things currency, money and macro straight to you. All with a no-nonsense attitude! 
EVENT MENTIONED ON PODCAST  <a href="https://progressiveproperty.online/live-multiple-streams-of-property-income-interest-london/AMB4692">https://progressiveproperty.online/live-multiple-streams-of-property-income-interest-london/AMB4692</a>
WHERE TO FIND US = <a href="https://linktr.ee/thepropertynomadspodcast" data-saferedirecturl="https://www.google.com/url?q=https://linktr.ee/thepropertynomadspodcast&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw24jygsJC7ETEGW7oGeqipv">https://linktr.ee/thepropertynomadspodcast</a> 
SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP = <a href="https://dash.sovereignman.com/a/smc12m995/tpnpodcast" data-saferedirecturl="https://www.google.com/url?q=https://dash.sovereignman.com/a/smc12m995/tpnpodcast&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw3Mt16pMm9PsmgmljA6v0DI">https://dash.sovereignman.com/a/smc12m995/tpnpodcast</a> 
SOVEREIGN MAN 4th PILLAR = <a href="https://dash.sovereignman.com/a/4pmain/tpnpodcast" data-saferedirecturl="https://www.google.com/url?q=https://dash.sovereignman.com/a/4pmain/tpnpodcast&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw1AJx78Z7tzK5xLVjw2Z0Js">https://dash.sovereignman.com/a/4pmain/tpnpodcast</a> 
PROPERTY BOOKS  Property FAQs = <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbko0U3dKT3g3NWVLTXlrcjREVmxOZmdGSHM5UXxBQ3Jtc0tuME9qbUdPYlpjY0p6OFkxaS1TSlJzOXgwbVhFYlZNVUFrd1RzRXZIamJJQmk5QUNIYlVoZ1JnV0pQWjJ1b0ZERWtJTkVWNzZDLWxLNVVMZjJyaVBIUHVmYTBZUzhVMk4tZno0UWVtZW9TS2FUUFFSaw&amp;q=https%3A%2F%2Famzn.to%2F3MWfcL4&amp;v=hUIpY5z9iDM" data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/redirect?event%3Dvideo_description%26redir_token%3DQUFFLUhqbko0U3dKT3g3NWVLTXlrcjREVmxOZmdGSHM5UXxBQ3Jtc0tuME9qbUdPYlpjY0p6OFkxaS1TSlJzOXgwbVhFYlZNVUFrd1RzRXZIamJJQmk5QUNIYlVoZ1JnV0pQWjJ1b0ZERWtJTkVWNzZDLWxLNVVMZjJyaVBIUHVmYTBZUzhVMk4tZno0UWVtZW9TS2FUUFFSaw%26q%3Dhttps%253A%252F%252Famzn.to%252F3MWfcL4%26v%3DhUIpY5z9iDM&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw3ywG3Sq2jPg9t3NqNbIywE">https://amzn.to/3MWfcL4</a>  Buy To Let: How To Get Started = <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqa1E2QUx5dmRkUWFTQWsyVmhLbGVrb0FxcUNnUXxBQ3Jtc0tselFnNnk5VGRBcVEzeFlveldhVUdtZmNGdlJqR1V5ejYwQTZSUFJYMFRYdXpKS0NGSWZaT2o5blZ1RXl4bG1XbVdZWTQtU3cyVWlib09ZR0xIMGxzOU85ZjNsQlQ0X0Y4aEFXeWpZMTFPQW1oTXQxUQ&amp;q=https%3A%2F%2Famzn.to%2F3genjle&amp;v=hUIpY5z9iDM" data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/redirect?event%3Dvideo_description%26redir_token%3DQUFFLUhqa1E2QUx5dmRkUWFTQWsyVmhLbGVrb0FxcUNnUXxBQ3Jtc0tselFnNnk5VGRBcVEzeFlveldhVUdtZmNGdlJqR1V5ejYwQTZSUFJYMFRYdXpKS0NGSWZaT2o5blZ1RXl4bG1XbVdZWTQtU3cyVWlib09ZR0xIMGxzOU85ZjNsQlQ0X0Y4aEFXeWpZMTFPQW1oTXQxUQ%26q%3Dhttps%253A%252F%252Famzn.to%252F3genjle%26v%3DhUIpY5z9iDM&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw3wSr9vgHsK-gwrLCtfirSU">https://amzn.to/3genjle</a>   101 Top Property Tips = <a href="https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbmVnUXA2cFZwWS1uMktqZGZTNEFPUXRMeFg4QXxBQ3Jtc0trRzFnd1NPWWRjZU5tLVlnZjRNQ0FmX3RjazV2aXE4ZGVQbDJOVW13OEc4TkdrMDJhUHlLcGdETWQxNzRmVWZCUkRtMTZXZEVPY1ktOXhScEZCejNudHFBTTVuQ1poU1Q3bFlBSDdPTEpfTWV3SEFCUQ&amp;q=https%3A%2F%2Famzn.to%2F2NxuAQL&amp;v=hUIpY5z9iDM" data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/redirect?event%3Dvideo_description%26redir_token%3DQUFFLUhqbmVnUXA2cFZwWS1uMktqZGZTNEFPUXRMeFg4QXxBQ3Jtc0trRzFnd1NPWWRjZU5tLVlnZjRNQ0FmX3RjazV2aXE4ZGVQbDJOVW13OEc4TkdrMDJhUHlLcGdETWQxNzRmVWZCUkRtMTZXZEVPY1ktOXhScEZCejNudHFBTTVuQ1poU1Q3bFlBSDdPTEpfTWV3SEFCUQ%26q%3Dhttps%253A%252F%252Famzn.to%252F2NxuAQL%26v%3DhUIpY5z9iDM&amp;source=gmail&amp;ust=1686386870688000&amp;usg=AOvVaw08Em7GiLbSgqTl0j-gHsly">https://amzn.to/2NxuAQL</a>  
ABOUT THE HOST Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

The Property Nomads Podcast

The Property Nomads

In this episode, Rob sits down to talk to Sean Billington – The Property Tax Accountant. He is a chartered accountant with 20 years of experience. Sean specialises in providing advice to landlords, property flippers, those following a BRRRR model, and holiday let or serviced accommodation owners. His is a digital business, so he can advise people across the world and is himself a property investor.     The tax tips he shares in this podcast are laser-focused and based on experience and up-to-date information on how the legislation is applied in the real world. He covers some of the less common taxes, the ones that catch people out. As well as, capital allowances.

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