It looks like he is referring to the purchase of your own property as a primary place of residence. Your own residence is exempt from capital gains when you sell it. There are exemptions on inheritance tax and if you’re a first time buyer or buying your first property in most instances the stamp duty land tax will be more favourable.
Cracking stuff thanks. A big thing when starting a family is where you are able to live- although it can feel a bit snobby, more expensive areas generally have better schools, better facilities, less crime etc, and perhaps controversially better peers for your children to meet in terms of a successful life trajectory. You can sometimes gain access to these benefits by renting as apposed to buying a family home somewhere else
Hello im new to this channel and I like the vids. Youv mentioned a few times that in your opinion its better to get a smaller amount of more expensive properties than lots of smaller cheaper ones. . I have 90k,i live in london. The bank said I can borrow 160 so I can afford a place for 250k. I just dont know where to buy. People keep saying up north, Nottingham ect. I am a first time buyer, so i will avoid stamp duty so would it be better to buy just 1 property with my money? Im interested in good cash flow so I can repeat, and im 42 now I want to get a move on, and people keep talking about a crash potentially happening. Please can someone advise a good area, and how many bedrooms, leasehold or freehold. Please I would appreciate its doing my head in iv been trying to decide for the last year. Thank you
When I put my house up for sale a guy turned up at my door a day before it went on the market, he offered me 20 grand less than I wanted , I told him to naff off he went mad telling me my house wasn’t worth what I was askin for, it, so I told him to naff off again, I sold the house the next day for full askin price, I wonder how he found out the house was for sale, but it didn’t matter ,if he’d have offered me 20 grand more I would still have told him to naff off, it’s not all about money, and a rich guy can’t get what he wants if he’s dealing with somebody who doesn’t care about money,
i am no superhero, but yes, you are referring to how the rich get richer and the not so not as easy but slowly work your way up, as you show your borrower you are more able to return their goods in a timely manner the better conditions they can give you for the same amount...eg...most people who dont have a lot in terms of networth or assets...goes and blow their wallet like they are above their networth so obviously = no good rate for them on the other hand...i saw that mr meta created or added 30b to his pile of goodies and the world rewarded him with 10x value on his main box/home aka now is 300m in value...so get a credit benchmark and work your way up like pumping muscles we all got to start somewhere and yes when you curl bigs like arnie and coleman...you do deserve the favours of the cuter chics....fair isn't it?
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
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6th: they know how to avoid the taxman
CGT applicable on investment property but not when you sell residential.
At 11:08 to 11:20 in your video, you mentioned tax break. What are these tax breaks in the UK?
It looks like he is referring to the purchase of your own property as a primary place of residence.
Your own residence is exempt from capital gains when you sell it. There are exemptions on inheritance tax and if you’re a first time buyer or buying your first property in most instances the stamp duty land tax will be more favourable.
Cracking stuff thanks. A big thing when starting a family is where you are able to live- although it can feel a bit snobby, more expensive areas generally have better schools, better facilities, less crime etc, and perhaps controversially better peers for your children to meet in terms of a successful life trajectory. You can sometimes gain access to these benefits by renting as apposed to buying a family home somewhere else
Hello im new to this channel and I like the vids. Youv mentioned a few times that in your opinion its better to get a smaller amount of more expensive properties than lots of smaller cheaper ones. . I have 90k,i live in london. The bank said I can borrow 160 so I can afford a place for 250k. I just dont know where to buy. People keep saying up north, Nottingham ect. I am a first time buyer, so i will avoid stamp duty so would it be better to buy just 1 property with my money? Im interested in good cash flow so I can repeat, and im 42 now I want to get a move on, and people keep talking about a crash potentially happening. Please can someone advise a good area, and how many bedrooms, leasehold or freehold. Please I would appreciate its doing my head in iv been trying to decide for the last year. Thank you
How does on find a wealthy investor who wants to but a good Portfolio ?
When I put my house up for sale a guy turned up at my door a day before it went on the market, he offered me 20 grand less than I wanted , I told him to naff off he went mad telling me my house wasn’t worth what I was askin for, it, so I told him to naff off again, I sold the house the next day for full askin price, I wonder how he found out the house was for sale, but it didn’t matter ,if he’d have offered me 20 grand more I would still have told him to naff off, it’s not all about money, and a rich guy can’t get what he wants if he’s dealing with somebody who doesn’t care about money,
yeah tell that to me paying 5.03% and thousand of pounds on intrest only . That works for the rich who can get below market rates
i am no superhero, but yes, you are referring to how the rich get richer and the not so not as easy but slowly work your way up, as you show your borrower you are more able to return their goods in a timely manner the better conditions they can give you for the same amount...eg...most people who dont have a lot in terms of networth or assets...goes and blow their wallet like they are above their networth so obviously = no good rate for them on the other hand...i saw that mr meta created or added 30b to his pile of goodies and the world rewarded him with 10x value on his main box/home aka now is 300m in value...so get a credit benchmark and work your way up like pumping muscles we all got to start somewhere and yes when you curl bigs like arnie and coleman...you do deserve the favours of the cuter chics....fair isn't it?
All property investors saying it’s so good to own property at this down turn. Hope you are not trying to off load.
May be downturn for buyers but owners are still collecting rents every month.
@@Billy_W BTL sales are 300% up.
Ronaldo knows
And Messi too
Why is owning one’s own home such a great tax break??
You don’t pay Capital Gains tax on increased property value / profit when you sell.
@@lukespooner7796 thank you!
Shhhh shhhh keep this quiet 🤫🤔🤔🤔😳👀🫣😉😉🤘🤘