Efficient Tax Planning with Shaz Nawaz

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Published Nov 15, 2021, 12:00 AM

In this episode, Rob speaks with Shaz Nawaz who is the author of The Property Investors Tax Guide. A man who works as an accountant and advisor every single day. He also invests in property himself.

He covers many subjects in the podcast. Including, choosing the right company structure from the ten or so options that are available, understanding joint ventures and how to grow and diversify without tax issues. As well as providing a simple explanation of the 150% land remediation relief, stamp duty land tax (SDLT) and how to use capital allowances for commercial deals. Including how to generate two sets of capital allowances for serviced accommodation businesses.

 

KEY TAKEAWAYS

  • Shaz has been working with successful business owners, in particular, property investors for nearly two decades.
  • Spread the risk by diversifying your property portfolio and models.
  • Before entering a joint venture (JV) speak to tax specialists e.g., someone to help you with VAT and company tax.
  • Don´t rely on what you read online or in books. You need someone to step you through the different options.
  • The tax and company structure you choose is likely to evolve as your life situation changes.
  • Look at talking to a tax specialist and gaining an understanding of the options as an investment in yourself and your future.
  • Fixing tax structure mistakes is typically extremely expensive.
  • Even if you have a good advisor, take the time to educate yourself about tax. That will prompt you to ask questions and discuss things that would otherwise not be discussed.
  • Set up regular reviews with your tax advisor. This makes sure that as your goals evolve so does their advice, when necessary.
  • A good tax accountant will help you to work out the tax cost pros and cons of individual deals.
  • Any commercial property deal opens up the chance to claim capital allowances.
  • In the podcast, Shaz shares numerous examples of how to save tax in many many different scenarios.
  • Employ different specialists for the different property strategies you use.

 

BEST MOMENTS

‘Have a holistic strategy where you´ve got your risk diversified.’

‘Get clarity from day one, go to a specialist property tax accountant.’

‘Always start with the exit in mind.’

‘There is a lot of opportunity in SDLT.’

 

EPISODE RESOURCES

◉ Tax Advice News Letter - https://bit.ly/TaxWiseNewsLetter

◉ Join my Property Facebook Group here - https://bit.ly/ShazTaxFBGroup

◉ Subscribe Now: https://bit.ly/ShazNawazSubscribe ----

◉ Amazon Book Links: https://bit.ly/ShazNawazBooks ----

◉ My Website: http://www.shaznawaz.co.uk

◉ My Property Tax Website: http://www.entrustpropertytax.co.uk

◉ My Accountancy Website: http://www.aa-accountants.co.uk

◉ Instagram: https://www.instagram.com/shaz_nawaz_1/

◉ Facebook: https://www.facebook.com/TheProfitsWi...

◉ Linkedin: https://uk.linkedin.com/in/shaznawaz

 

 

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.

 

 

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  

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PODCAST  

The Property Nomads Podcast:  

I-Tunes = apple.co/3bHNn5G  

Stitcher = bit.ly/3cFQVqe 

Spotify = spoti.fi/2XaZliP 

 

 

 

 

 

 

 

 

 

 

 

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