Agreed, using a business to shield yourself from financial mishaps and to create a professional viewpoint for your customers. Not to mention the potential for tax benefits.
I have never, commented on a RUclips vid. EVER! but this video has answered soo many of my questions. THANK YOU, AMAZING CONTENT & PERFECT PRESENTATION!!! Please tell me how I can get in contact with you as I am planning on getting my foot on the ladder.
Hi Mr Uddin, Thank you so much for you comments. If you are enjoying these videos, then please do share them with your friends. Best way to connect with me is on my website www.Sajhussain.com
Hi Saj , thank you for this great video. You mentioned you can take dividends from the limited company, but can you also take a salary as the director and employ say a admin assistant on PAYE and offset this against your tax bill?
Hi Saj. I am looking to set up an ltd. Company to run my property business, can you please help me in connecting with the right person ( a property accountant), so that I could set it all up without making any mistakes? Thank you for all the hard work you are doing. Much appreciated.
Would it be possible to make a video on LLP structure & how to transfer properties over to the LLP LTD company? I enjoyed your excellent informative videos. Many thanks
Great video Saj, I would just like to know, when setting up a company name to invest in property should the company be limited by shares or limited by guarantee or does it not matter very much?
Grate video saj very informative I'm sure a lot of people are going down the ltd company route could do with this advice. Can I ask what the LLP structure is in avoiding stamp duty when moving property over to your LTD company ?
Awesome video as always Saj, answered many of my questions concisely. I'd be very grateful for the name of a property tax accountant / financial advisor who can help me with advice + planning/company set-up for starting off in the world of Buy/Refurb/Refinance and Rent to Rent Serviced accommodation.
To access my contacts, use this link www.sajhussain.com/access-sajs-contacts/ We will then look at your needs and connect you with the person we think can best help you with your situation.
Hi Saj I have opened a LTD company using SPV code but a mortgage advisor and tax accountant advised it might be beneficial to do it as a sole trader because of tax efficiency. What do you think?? Can you also do a video about investing in cottages please.
There are many reasons why someone would do that. However, generally speaking one company is adequate otherwise you will have higher accounting and administrate costs.
Total value of Uk in 2018 was £14.6trn (inc residential property then valued at £6.6trn) . 20% of Uk housing is privately rented, alot of those portfolios now incorporated. For the budget, the two biggest asset classes are businesses and property. Those will be the targets, although I dont foresee HMRC going big on taxes this year My question - In 2016, S24 came out of nowhere and left people scrabbling around making decisions about incorporating. I remember Paragon mortgages saying at one point saying 67% of applications where for LTD. Will HMRC look at all incorporated RESI portfolios that have enjoyed a few years tax saving, and are now neatly packaged up in LTD's - easy for them to change the corporation tax rate through the 68209 SIC code. Before anyone says no/never, this is exactly what they did do with non LTD portfolios from 2016. I know many people who have spent tens of thousands incorporating to mitigate S24, and just cant see HMRC letting this go - what do you think www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/totalwealthingreatbritain/april2016tomarch2018 www.siccode.co.uk/sic2007/code-68209
Hello good Afternoon, I have bought the property through limited company (buy to let). Circumstance change . Now I want to live that property. How I can change to my personal name. Please advise.....
If you have a lender/mortgage you would need to get their consent. If no mortgage then just check tax situation with your accountant before you use it as your home.
Hi, i enjoyed watching your video. Could you please recommend good accountants to advise me how to best transfer property from my personal name to a company. Thanks
To access my contacts, use this link www.sajhussain.com/access-sajs-contacts/ We will then look at your needs and connect you with the person we think can best help you with your situation.
You'll need to pay stamp duty again if you transfer, so leave it. The video wasn't very clear about who should not be going ltd co route: namely those who are basic rate tax payers, they would pay more in a ltd co structure (and have extra expenses). Also if you have a spouse that is on low or no income, you can transfer to her/him without paying stamp duty and share the tax burden. So it is only once both of you get over the basic rate tax band that a ltd co makes sense. And if you are only slightly over, you can mitigate with SIPPs etc., so ltd co is not step one.
I strongly recommend speaking to an accountant that can give you more specific and personalised advice. If you would like me to introduce you to a property accountant send me a message on Facebook or Instagram.
I don’t know why we have to watch RUclips videos first and than message to SAJ on face book to get accountant details? Why can’t you just mention here it’s inconvenient asking the same question twice. You may want to grow your face book audience too but it’s good idea to share on the same chancel as you present the videos.
Hi Saj, I was thinking of restructuring my company into an alphabet shares options where the director's shares are frozen. Would you know have any suggestions?
Hi Prashant, I'd highly recommend speaking to a property accountant that can advise you correctly. It would not be appropriate for me to give you an out of context answer here without taking a holistic view of your situation.
Agreed, using a business to shield yourself from financial mishaps and to create a professional viewpoint for your customers. Not to mention the potential for tax benefits.
Well said Jacob.
I have never, commented on a RUclips vid. EVER! but this video has answered soo many of my questions. THANK YOU, AMAZING CONTENT & PERFECT PRESENTATION!!! Please tell me how I can get in contact with you as I am planning on getting my foot on the ladder.
Hi Mr Uddin, Thank you so much for you comments. If you are enjoying these videos, then please do share them with your friends.
Best way to connect with me is on my website www.Sajhussain.com
Another great video, thanks Saj!
If you are enjoying these videos, then please do share them with your friends.
Thanks Saj. Liked and subscribed - as i’m looking to do my next BTL via an SPV.
Thank you and welcome to the channel.
Saj , great vlog. Hoping to start soon, thanks for your help 🙏
one of the best videos..well done ..excellent
Glad you enjoyed it
Another brilliant video. Please keep up your amazing work.
Thank you very much!
inbox my admin For more information and guardians on how to invest and trade👍
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Love your vids, very detailed 👍
Glad you like them!
Thankyou for this, it has been very informative.
You're very welcome!
Thank you. Helped me to make sense of it now.
You're welcome!
Thanks inbox my admin For more information and guardians on how to invest and trade👍
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Tell him I referred you to him
Hi Saj , thank you for this great video. You mentioned you can take dividends from the limited company, but can you also take a salary as the director and employ say a admin assistant on PAYE and offset this against your tax bill?
Yes you can!
Great video Saj thank you.
Glad you liked it Viv
Hi Saj. I am looking to set up an ltd. Company to run my property business, can you please help me in connecting with the right person ( a property accountant), so that I could set it all up without making any mistakes? Thank you for all the hard work you are doing. Much appreciated.
To access my contacts, use this link www.sajhussain.com/access-sajs-contacts/
Would it be possible to make a video on LLP structure & how to transfer properties over to the LLP LTD company? I enjoyed your excellent informative videos. Many thanks
Great suggestion!
Another great vid Saj
Glad you enjoyed it.
Great video Saj, I would just like to know, when setting up a company name to invest in property should the company be limited by shares or limited by guarantee or does it not matter very much?
Thank you for this!
My pleasure!
Grate video saj very informative I'm sure a lot of people are going down the ltd company route could do with this advice. Can I ask what the LLP structure is in avoiding stamp duty when moving property over to your LTD company ?
It's best to explore this with a property tax expert. If you message me on Facebook or Instagram, I can connect you.
Great honest content. Thanks
If you are enjoying these videos, then please do share them with your friends.
Great video
Very useful ! Thank you
I find ur videos very informative , thank u
Glad you like them!
inbox my admin For more information and guardians on how to invest and trade👍
W=h=a=t=s=A=pp +1=5=8=6=9=6=0=5=3=9=5
Tell him I referred you to him
Awesome video as always Saj, answered many of my questions concisely. I'd be very grateful for the name of a property tax accountant / financial advisor who can help me with advice + planning/company set-up for starting off in the world of Buy/Refurb/Refinance and Rent to Rent Serviced accommodation.
To access my contacts, use this link www.sajhussain.com/access-sajs-contacts/
We will then look at your needs and connect you with the person we think can best help you with your situation.
Hi Saj I have opened a LTD company using SPV code but a mortgage advisor and tax accountant advised it might be beneficial to do it as a sole trader because of tax efficiency. What do you think?? Can you also do a video about investing in cottages please.
Very informative vidio thanks Saj .
You are most welcome.
Great channel! 👌
Thank you George, don't forgot to subscribe with the bell notification on!
definitely👍👍👍
Thanks for the support Yousef, if you are enjoying these videos, then please do share them with your friends.
What are the merits of one ltd company for multiple properties vs. a separate ltd company for each property?
There are many reasons why someone would do that. However, generally speaking one company is adequate otherwise you will have higher accounting and administrate costs.
Liked and subscribed 🙏
Much appreciated Christian
Hi saj a great video yet again. Do you think it's best doing flips in a company or own name?
This really depends on your personal tax situation.
Is it sensible to release equity from a residential repayment mortgage and buy two more properties when your residential mortgage costs £300 more.
This is a personal decision. I would look at at from a Return on Capital perspective, can it earn you more then it is costing.
Total value of Uk in 2018 was £14.6trn (inc residential property then valued at £6.6trn)
. 20% of Uk housing is privately rented, alot of those portfolios now incorporated.
For the budget, the two biggest asset classes are businesses and property. Those will be the targets, although I dont foresee HMRC going big on taxes this year
My question - In 2016, S24 came out of nowhere and left people scrabbling around making decisions about incorporating. I remember Paragon mortgages saying at one point saying 67% of applications where for LTD. Will HMRC look at all incorporated RESI portfolios that have enjoyed a few years tax saving, and are now neatly packaged up in LTD's - easy for them to change the corporation tax rate through the 68209 SIC code. Before anyone says no/never, this is exactly what they did do with non LTD portfolios from 2016.
I know many people who have spent tens of thousands incorporating to mitigate S24, and just cant see HMRC letting this go - what do you think
www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/totalwealthingreatbritain/april2016tomarch2018
www.siccode.co.uk/sic2007/code-68209
This is a good point and I agree it could happen.
Thanks Saj
Thank you Baki!
Hi- looking to reach out to connect to a good property accountant. Is this something you are able to help on?
Hello good Afternoon,
I have bought the property through limited company (buy to let). Circumstance change . Now I want to live that property. How I can change to my personal name. Please advise.....
If you have a lender/mortgage you would need to get their consent. If no mortgage then just check tax situation with your accountant before you use it as your home.
I'm not going as a business I'm just a small buy to let Porson
It really only becomes a problem if you start growing the portfolio.
I dont know why you did not cover about ATED tax in uk
I’ve made a new tax video on Saj daily playlist
Hi, i enjoyed watching your video. Could you please recommend good accountants to advise me how to best transfer property from my personal name to a company. Thanks
To access my contacts, use this link www.sajhussain.com/access-sajs-contacts/
We will then look at your needs and connect you with the person we think can best help you with your situation.
Can you please tell me what is exchange on notice and long stop date... Is it same as exchange of contract.
Yes, just the completion date is delayed.
Excellent info👌🏻
Glad you liked it
Thanks inbox my admin For more information and guardians on how to invest and trade👍
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Tell him I referred you to him
Hi Saj... I'm from Birmingham.. Great information.... could you recommend any good 👍 Property accountants.. thank you 😊
Thanks for the support Steven. You can contact me directly on Facebook and I can help you from there.
Can a new Ltd buy a BTL or it has to be a established ltd company?
New company should be able to get BTL mortgages.
I have already bought properties on solo trader
Do you think I should transfer those properties into LTD or leave it as solo trader?
Thanks
You'll need to pay stamp duty again if you transfer, so leave it. The video wasn't very clear about who should not be going ltd co route: namely those who are basic rate tax payers, they would pay more in a ltd co structure (and have extra expenses). Also if you have a spouse that is on low or no income, you can transfer to her/him without paying stamp duty and share the tax burden. So it is only once both of you get over the basic rate tax band that a ltd co makes sense. And if you are only slightly over, you can mitigate with SIPPs etc., so ltd co is not step one.
Good points on this. This is just a general overview.
I strongly recommend speaking to an accountant that can give you more specific and personalised advice. If you would like me to introduce you to a property accountant send me a message on Facebook or Instagram.
Thanks so much for the good advice.
I don’t know why we have to watch RUclips videos first and than message to SAJ on face book to get accountant details? Why can’t you just mention here it’s inconvenient asking the same question twice. You may want to grow your face book audience too but it’s good idea to share on the same chancel as you present the videos.
Can I use a property that's paid off, to mortgage against to buy in a limited company?
Yes, it will be a loan from you into the limited company.
Hi Saj, I was thinking of restructuring my company into an alphabet shares options where the director's shares are frozen. Would you know have any suggestions?
Hi Prashant, I'd highly recommend speaking to a property accountant that can advise you correctly. It would not be appropriate for me to give you an out of context answer here without taking a holistic view of your situation.
can you recommend a good property accountant near wolverhampton please
To access my contacts, use this link www.sajhussain.com/access-sajs-contacts/
Saj can you recommend a good property tax accountant, based in Birmingham’?
Send me a message on Facebook or Instagram and I will connect with you.
To my mind, having properties in the limited company isn't regarded as risky, because such firms may be related with the tax effectiveness.
Tax efficiency is why many are going this way
Hi Saj, can you suggest a good account in Birmingham please.
Yes I can Resh. To access my contacts, use this link www.sajhussain.com/access-sajs-contacts/
Hi,can you please connect me with property accountant in Manchester area. Thanks
Send me a message on Facebook or Instagram if you would like me to connect you to a property accountant, wont necessarily be Manchester based.
Great video
Thank you, glad you are enjoying them.