ASWATAX | Chartered UK Tax Advisors
ASWATAX | Chartered UK Tax Advisors
  • Видео 224
  • Просмотров 30 893
What is a share for share exchange? The Mechanics and Opportunities Explained.
In this video, I explain the mechanics - what exactly is happening on a share for share transaction.
We implement group structures for many businesses, all for different reasons. All complete from start to finish within one month, inclusive of Clearance from HMRC.
There are many reasons as to why a company would benefit from a restructure. All must be conducted on a case by case basis.
Some reasons include:
• Commercial protection of valuable assets such as property, cash, IP etc from litigation
• Tax-free dividends. So rather than. paying 39.35% personal dividend tax, you can extract funds into a company and continue with your investments through the corporate wrapper
• Loss relief group. Com...
Просмотров: 24

Видео

BUDGET 2024 - A Tax Review
Просмотров 6912 часов назад
Book a free, 15 minute, initial no obligation consultation call on the link below: calendly.com/aswatax/15-minute-introductory-chat Stay connected with us @ASWATAX 📧 omar@aswatax.co.uk 🌐 www.aswatax.co.uk Don't miss out on valuable tax advice and industry updates! Subscribe to our channel and turn on notifications. Your support drives us to continue delivering high-quality content tailored to y...
Transfer money to Dubai and pay no UK TAX!?? 🤦‍♂️🤣🤣
Просмотров 22516 часов назад
Being physically non-UK resident amd certain specific scenarios can open doors, but specialist advice must be taken. omar@aswatax.co.uk www.aswatax.co.uk
The Midnight Rule: UK Statutory Residence Test
Просмотров 4419 часов назад
Understanding the Statutory Residence Test UK can be confusing and complicated. Whether you’re an expat, a global professional, or considering a move across borders, understanding your tax residency status is crucial to managing your finances effectively. omar@aswatax.co.uk www.aswatax.co.uk #expat #residency #hmrc #statutoryresidencytest #global
Transferring assets into a Discretionary Trust
Просмотров 2814 дней назад
Book a free, 15 minute, initial no obligation consultation call on the link below: calendly.com/aswatax/15-minute-introductory-chat Stay connected with us @ASWATAX 📧 omar@aswatax.co.uk 🌐 www.aswatax.co.uk Don't miss out on valuable tax advice and industry updates! Subscribe to our channel and turn on notifications. Your support drives us to continue delivering high-quality content tailored to y...
4 Smart Strategies To Reduce Your Inheritance Tax Bill in 2024
Просмотров 42221 день назад
Book a free, 15 minute, initial no obligation consultation call on the link below: calendly.com/aswatax/15-minute-introductory-chat For a one-hour thorough tax consultation call: calendly.com/aswatax/tax-consultation Stay connected with us @ASWATAX 📧 omar@aswatax.co.uk 🌐 www.aswatax.co.uk Don't miss out on valuable tax advice and industry updates! Subscribe to our channel and turn on notificati...
#6 Ex-HMRC Tax Investigator - Salman Anwar | talkin.TAX by ASWATAX
Просмотров 441Месяц назад
Book a free, 15 minute, initial no obligation consultation call on the link below: calendly.com/aswatax/15-minute-introductory-chat Stay connected with us @ASWATAX 📧 omar@aswatax.co.uk 🌐 www.aswatax.co.uk Don't miss out on valuable tax advice and industry updates! Subscribe to our channel and turn on notifications. Your support drives us to continue delivering high-quality content tailored to y...
£57,729 ANNUAL TAX SAVINGS! Visual Comparative Calculations on Incorporating Your Business 📊
Просмотров 462Месяц назад
Further tax savings were identified and implemented for our client. We can undertake the whole process for you within two weeks. Complete end-to-end advice on tax, legal documents and everything in between! Book a free, 15 minute, initial no obligation consultation call on the link below: calendly.com/aswatax/15-minute-introductory-chat Stay connected with us @ASWATAX 📧 omar@aswatax.co.uk 🌐 www...
CGT, SDLT AND MORE! What are the tax implications when transferring a property to my daughter?
Просмотров 185Месяц назад
CGT, SDLT AND MORE! What are the tax implications when transferring a property to my daughter?
What Tax Rules Should You Consider When Gifting Your Main Home to Your Son? | UK Tax
Просмотров 9932 месяца назад
What Tax Rules Should You Consider When Gifting Your Main Home to Your Son? | UK Tax
#5 Employee Ownership Trusts (EOTs) - EVERYTHING You Need to Know! | talkin.TAX by ASWATAX
Просмотров 1062 месяца назад
#5 Employee Ownership Trusts (EOTs) - EVERYTHING You Need to Know! | talkin.TAX by ASWATAX
3 tax planning cases I've been looking at this week | Chartered Tax Adviser
Просмотров 682 месяца назад
3 tax planning cases I've been looking at this week | Chartered Tax Adviser
Tax reliefs on a Holding Company Group Structure - The Mechanics
Просмотров 582 месяца назад
Tax reliefs on a Holding Company Group Structure - The Mechanics
Claiming CGT Incorporation Relief without a Partnership + what constitutes a 'business'
Просмотров 1984 месяца назад
Claiming CGT Incorporation Relief without a Partnership what constitutes a 'business'
"Will I be subject to inheritance tax?"
Просмотров 384 месяца назад
"Will I be subject to inheritance tax?"
HOLDING COMPANY GROUP STRUCTURE! 3 benefits (and 2 drawbacks)
Просмотров 1805 месяцев назад
HOLDING COMPANY GROUP STRUCTURE! 3 benefits (and 2 drawbacks)
The Business Lifecycle: Tax Planning for Business Owners (LIVE WEBINAR)
Просмотров 1235 месяцев назад
The Business Lifecycle: Tax Planning for Business Owners (LIVE WEBINAR)
Taper Relief for Inheritance Tax purposes: A short walkthrough
Просмотров 755 месяцев назад
Taper Relief for Inheritance Tax purposes: A short walkthrough
#4 Tax and Legals on Selling a Business, LinkedIn Chat, and Prioritising Happiness! | talkin.TAX
Просмотров 865 месяцев назад
#4 Tax and Legals on Selling a Business, LinkedIn Chat, and Prioritising Happiness! | talkin.TAX
International Tax: Coming to and Leaving the UK (LIVE WEBINAR)
Просмотров 1415 месяцев назад
International Tax: Coming to and Leaving the UK (LIVE WEBINAR)
#3 Capital Gains Tax: 60 Day Reporting & Payment | Talkin' Tax
Просмотров 1026 месяцев назад
#3 Capital Gains Tax: 60 Day Reporting & Payment | Talkin' Tax
£2million and the Residence Nil Rate Band - What is the connection? 🤔 | UK INHERITANCE TAX
Просмотров 2068 месяцев назад
£2million and the Residence Nil Rate Band - What is the connection? 🤔 | UK INHERITANCE TAX
#2 Budget 2024, Less Tax 4 Landlords, SDLT - Jeremy Giles | Talkin' Tax
Просмотров 5778 месяцев назад
#2 Budget 2024, Less Tax 4 Landlords, SDLT - Jeremy Giles | Talkin' Tax
Splitting a trading or property inv group using a Capital Reduction Demerger | Discussing Demergers
Просмотров 1088 месяцев назад
Splitting a trading or property inv group using a Capital Reduction Demerger | Discussing Demergers
Your R&D Tax Partner - ASWATAX
Просмотров 1009 месяцев назад
Your R&D Tax Partner - ASWATAX
Client conversaion: Avoiding the 20% inheritance tax lifetime charge! ✅
Просмотров 709 месяцев назад
Client conversaion: Avoiding the 20% inheritance tax lifetime charge! ✅
How to extract funds tax-efficiently into your Personal Investment Company!
Просмотров 1179 месяцев назад
How to extract funds tax-efficiently into your Personal Investment Company!
4 benefits of Family Investment Companies
Просмотров 26210 месяцев назад
4 benefits of Family Investment Companies
ALL ABOUT PROPERTY INCORPORATIONS FROM A CHARTERED TAX ADVISOR!
Просмотров 104Год назад
ALL ABOUT PROPERTY INCORPORATIONS FROM A CHARTERED TAX ADVISOR!
"I received an inheritance from abroad... will I be subject to inheritance tax?
Просмотров 73Год назад
"I received an inheritance from abroad... will I be subject to inheritance tax?

Комментарии

  • @MrTpain1945
    @MrTpain1945 3 дня назад

    How can you pay the Inheritance tax if the estate is not settled…

    • @johnbrotchie4465
      @johnbrotchie4465 3 дня назад

      If there is cash in bank accounts, this can usually be released to pay HMRC before probate obtained. Otherwise HMRC may agree to an instalment plan if assets need to be sold like say a property or private company shares, but HMRC will want interest. The executors can take out a loan is another method or there may be life assurance written in trust so not part of the estate. It does seem daft that IHT payable before probate can even start.

    • @MrTpain1945
      @MrTpain1945 2 дня назад

      @ Thanks for your reply. Seems strange you cannot get probate until you have paid inheritance tax, but you cannot access the deceased bank account until you have probate

  • @write2mtahir
    @write2mtahir 22 дня назад

    Nice one, Aswat! Maybe in your next video, she'd some light on CGT when the assets transferred out of the estate (if the transferor survived 7 years) to their offsprings or descendants. What will the CGT angle on those assets transferred free of IHT?

  • @Michael.P247
    @Michael.P247 26 дней назад

    Hi, how can I successfully move a BTL property in my name into a Ltd company efficiently? Just one property …. Please I need a good accountant

    • @aswatax
      @aswatax 23 дня назад

      Hi Michael Best to email me and we take from there: omar@aswatax.co.uk

  • @Zaraebbie
    @Zaraebbie 27 дней назад

    Very interesting

  • @house9464
    @house9464 Месяц назад

    A large number of these HMRC tax inspectors are absolutely insanely incompetent. They can't even calculate tax correctly without disastrous mistakes such as not calculating penalties or even taking out expenses accurately . So many people complain about Thier inability to calculate effectively

  • @koditus
    @koditus Месяц назад

    What is the time limit for the HMRC come and ask on the case you stated?

  • @beardysuhz6723
    @beardysuhz6723 Месяц назад

    2 akhis putting the HMC into HMRC

  • @Mish2025
    @Mish2025 Месяц назад

    This video was awesome! More like this would be greT

  • @sakhtar-rj1qk
    @sakhtar-rj1qk Месяц назад

    Hi, could you please help me if I raise money from my buy to let properties and give that money to my child to buy the house then do I have to pay capital gain tax?

  • @naseemtariq3770
    @naseemtariq3770 Месяц назад

    very informative

  • @anotherhurayra2024
    @anotherhurayra2024 2 месяца назад

    I see you don't have any comments so I thought I'd leave one to say I saw your video.

  • @SaqibAziz-fs6iu
    @SaqibAziz-fs6iu 3 месяца назад

    What happens if your hold co pwns the shares in the trading business that you are selling to the EOT? Does the share holder of the HoldCo get the same zero CGT benefit of the sale amount?

  • @abdullahahmad9300
    @abdullahahmad9300 3 месяца назад

    Is there 45% income tax on rental income?

  • @abdullahahmad9300
    @abdullahahmad9300 3 месяца назад

    If you already own property in your name and put it into family company do u have to pay CGT AND SD AND OTHER COSTS?

  • @aswatax
    @aswatax 3 месяца назад

    omar@aswatax.co.uk

  • @abdullahahmad9300
    @abdullahahmad9300 3 месяца назад

    How do i contact you?

    • @aswatax
      @aswatax 3 месяца назад

      Hello Abdullah, you can contact Omar directly at omar@aswatax.co.uk - alternatively you can go to our website at www.aswatax.co.uk and leave a message in the contact form! Hope to hear from you :)

  • @Sakshyatt
    @Sakshyatt 4 месяца назад

    Bro saved my life 😂.

  • @88hasanul
    @88hasanul 5 месяцев назад

    Will recommend your services to my brother in-law. Exactly what we were looking for

    • @aswatax
      @aswatax 5 месяцев назад

      Sure. Please email me at: omar@aswatax.co.uk

  • @Scifit1
    @Scifit1 5 месяцев назад

    Lovin this!!

  • @Scifit1
    @Scifit1 5 месяцев назад

    Great content

  • @khalafismail3123
    @khalafismail3123 5 месяцев назад

    bro in Invitae selling its assets to Labcorp what about current invitae's shareholders and what will happen to their money after the deal is through please

  • @concise707
    @concise707 8 месяцев назад

    Unless you're a politician of course.....when no action will be taken

  • @rowanmcloughlin
    @rowanmcloughlin 8 месяцев назад

    Sc scam scam scam scam

    • @aswatax
      @aswatax 8 месяцев назад

      Lol okay mate

  • @karaokekingskingdom
    @karaokekingskingdom 8 месяцев назад

    Quick question, when you talk about unliateral tax relief and the lower of the two tax regimes can be claimed as a tax reducer, what do you mean by claimed?

  • @house9464
    @house9464 10 месяцев назад

    Yiu only need form 17 for joint ownership not individual ownership

  • @house9464
    @house9464 10 месяцев назад

    Omar , yoir video has fatal errors . First I should have stated if the properties were held in joint names or not . For a landlord who has properties in Thier own name . All Yiu need to do is a partnership agreement stating the Ben interest and a declaration of trust . No form 17 required at all . Both of them I can do yourself as well.

    • @house9464
      @house9464 10 месяцев назад

      Form 17 is only req if u own the property in joint names

    • @aswatax
      @aswatax 9 месяцев назад

      OK thanks

  • @onkcuf
    @onkcuf Год назад

    please get a different microphone.

  • @ahmedshah444
    @ahmedshah444 Год назад

    Hi I would like to setup a family investment company. Can you help me on how to set it up.

    • @aswatax
      @aswatax Год назад

      Please email me. omar@aswatax.co.uk

  • @mohammadalimahomed5675
    @mohammadalimahomed5675 Год назад

    FYI Omar: 1. £9m @ 20% is £1.8m of tax not £300k! 2. Non resident companies owning UK property or land were bought into the scope of UK corporation tax from 6 April 2019 not 2017. NRLs also had a basis uplift in property values in 2015 and 2019!

    • @aswatax
      @aswatax Год назад

      1. Agreed. You remind me to update the description. 2. I don't totally agree with this. Non resident companies and corporation is irrelevant as the discussion here is around non-resident INDIVIDUALS. But yes where a non-resident individual makes an indirect disposal in a UK property rich company; the rules were extended in April 2019. I think key points around awareness of temp non-residence rules are clear.

  • @길잡이별-s9h
    @길잡이별-s9h Год назад

    Could I ask? Trust taxation is different depending on the types of trust such as IIP, bare, discretionary. For VAT, is it same? I mean that VAT treatment differs from types of trust?

  • @F1972HSI7
    @F1972HSI7 Год назад

    hi i want to get connected to understand more, how can i do it? I sent you an email

  • @max-h1
    @max-h1 Год назад

    Intriguing video Omar, thanks for putting it out there. One query that I have, and please correct me if I'm wrong: Substantial shareholding exemption is only available for trading companies, either held solely or held in a group trading structure. The exemption does not apply to investment companies and the trading requirement also applies to the period immediately after the sale of the trading company. - Therefore in this situation, upon the client's sale of his trading company he will only be left with his investments, making the group an "investment group" and not be able to claim substantial shareholding exemption on the sale. Am I missing something? Thanks

    • @aswatax
      @aswatax Год назад

      Thanks. Yes the SSE as you say is only available to TradeCos and therefore this is still preserved. Going forward, there are other strategies we can adopt and implement to ensure mitigation of CGT and IHT!

  • @vp2777
    @vp2777 Год назад

    This is great video that you have made. Much appreciate it.

    • @aswatax
      @aswatax Год назад

      Great to hear! :)

  • @phil2443
    @phil2443 Год назад

    So If I sold a sole trader business for say £95k and applied for the BADR. would I only have to pay 10% CGT, eg, £9.5k, minus my allowance of £12,500 personal allowance. So a total of £8,250? Does this amount change depending on what you earned in income that tax year, as my accountant says it does?

    • @aswatax
      @aswatax Год назад

      Interesting scenario Phil. Yes in a way it will. And also note that you wouldn't deduct £12,500; the CGT AE is now at c £6k per tax year. Get in touch if you'd like to speak more!

  • @nikkion2140
    @nikkion2140 Год назад

    Do you have to pay CGT when you gift the asset to Trust? Does 7 years rule apply in this case.

    • @aswatax
      @aswatax Год назад

      Answer is: it depends. If you would like our formal advice or have a situation that needs to be looked at, please email: omar@aswatax.co.uk IHT and CGT need to be mitigated seperately.

  • @nikkion2140
    @nikkion2140 Год назад

    Can this be also a trading company at the same time? I mean to have it to receive rents etc from BTL purchases. Thanks. God Bless

    • @aswatax
      @aswatax Год назад

      Yes although it is always better to keep trading and investment status seperate!

  • @gloriao2895
    @gloriao2895 Год назад

    Is there a limit on how many times you can use deed of trust? Can it be reversed?

    • @aswatax
      @aswatax Год назад

      Not really and yes, not reversed but a new deed can be executed

  • @Ryan-hc5sm
    @Ryan-hc5sm Год назад

    'PromoSM'

  • @markg9812
    @markg9812 Год назад

    Hi Omar, do you need to obtain clearance/consent from HMRC to transfer shares/ownership of the Trade Co to the new holding Co?

  • @ashed7637
    @ashed7637 Год назад

    Can the directors of the company i.e. the parents keep the income from properties, despite wanting to plan for IHT?

    • @aswatax
      @aswatax Год назад

      Yes. It totally depends on plans going forward. The structuring in the first place could also mean tax-free drawdowns from the company. And of course, prior to any planning, a key question would be 'Funds required to maintain lifetyle' and that would all be incorporated into the advice/structure!

    • @ashed7637
      @ashed7637 Год назад

      @@aswatax thanks for your reply. I understand the tax-free loans, but what about the gift with reservation rules if all income is wanted to be received, after gifting?

  • @hr9868
    @hr9868 Год назад

    If the property is in my name - can I put all the beneficial interest to my wife who does not work

    • @aswatax
      @aswatax Год назад

      Hey apologies for delay in reply. Please email: omar@aswatax.co.uk and we can take the discussion from there. Thanks. Omar.

  • @dirkliebegott9906
    @dirkliebegott9906 2 года назад

    🙌 ᑭяỖmo𝓼𝐦

  • @vp2272
    @vp2272 2 года назад

    Thank you for the informative video. I have a question in regards to the family investments incorporation. Leaving the growth to one side, which I understand will be exempt from IHT. You suggested that the properties incorporated, accumulated wealth at point of the incorporation would also fall out of IHT should grand parents survive seven years. I was under the impression that the accumulated wealth would still be a part of their estates at point of death even after the seven year window. Please can you confirm?

    • @aswatax
      @aswatax 2 года назад

      Great question and apologies for the delay in reply! As an example, if cash is being introduced into the FIC of say £1m, this cash can be gifted tax free to the children who then introduce the funds into the FIC. The cash gift has no CGT implications of course and for IHT it would be treated as a PET. Once 7 years elapses, the cash gift of £1m will fall out of the parents estate for IHT purposes. After 3 years, the IHT liability will begin to be tapered. A generic video above and as always, all solutions are devised on a case by case basis, tailored to individual and family circumstances. We literally devise our plan from a blank peice of paper! Any specific queries, feel free to email me: omar@aswatax.co.uk Thanks

  • @adelyncherry7819
    @adelyncherry7819 3 года назад

    Important points made and it's all great, in my opinion when it comes to the mother of all coins < BTC >, Bitcoin is getting interesting every day by day. Alt, Xrp, Link are still lucrative in the market. In this case, the Majority are finding it difficult on which coin to HODL better. Right now bitcoin it's in the greatest shape and we are all expecting more of it, I'm currently a HODler but still, I'm using a working system that provides me 80% correct signal which helps me increases my portfolio, now I bother less about the speculation of the market. I'm still winning by applying the same method in every trade, you can also become a winner today, I think crypto is going to get more importance and acknowledgment in the future. BTC is the future doesn’t mean we should just hold and not think of the negative effect it would put on you when it goes low than the entry price. Most newbies often undermine and most often neglect the importance of Technical analysis with regards to trading. Technical analysis overly predicts the movement of asset prices regardless of what is happening in the wider or broader market. so to be on the safer side I advise that we all follow a less talked about way, which is trading. I have been able to generate 13.2btc with my initial 3.5.Y'all in search of a profitable system can reach out to Randy Griffin can be reached on Telegram@Griffinsignals. if you really want to be successful in bitcoin investment and trading and all other crypto-related questions.

    • @aswatax
      @aswatax 3 года назад

      LOL go away!

    • @mabshable
      @mabshable 3 года назад

      I feel so proud seeing Mr Randy Griffin praised for his services, and 5 weeks of trading so far and I know I made a smart and good decision

    • @reathamadden9514
      @reathamadden9514 3 года назад

      Currently my crypto portfolio has been appreciating learning to trade with Randy Griffin

    • @danilecrypto7273
      @danilecrypto7273 3 года назад

      My investments tripled with his signals Just made my gains trading with his signals, its like no other

    • @eliasevans8149
      @eliasevans8149 3 года назад

      Left XRP for bitcoins all because of how a friend of mine made double of his portfolio after trading with Mr. Randy Griffin strategies