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Are you paying too much tax?
This is an emotive question. Only you know the answer to this question. So are you paying too much tax?
Generic accountants are not always qualified with tax specialist qualifications or expertise like our staff. They most likely wont be specialised in property accounting and tax matters either. We unfortunately regularly need to correct mistakes made to clients accounts and tax positions because of this. We know from this work there are large numbers of property investors and landlords paying far too much tax and this group and its content is to help prevent this problem for as many people as we can help.
So are you paying too much tax?
Types of business tax to consider
There are many types of tax that you erode your business cashflow
- Income tax on any profits that you make if you trade a sole proprietor
- Income tax on any wages & dividends that you take out of your own limited company
- National insurance on any profits made, again if you are a sole proprietor
- Value Added Tax (VAT) on any items that you sell if you need to become VAT registered
- Value Added Tax (VAT) on most items that you purchase
- Inheritance Tax (IHT) on assets that you leave to your loved ones
You may be asking many types of questions about your tax structure. Should you trade as a sole trade (sole proprietor) or move to a more formal tax structure such as a Limited Liability Partnership (LLP) or a limited company (LTD)
Types of property tax to consider
There are many different types of tax that you need to consider as a property investor / landlord:
- Stamp Duty Land Tax (SDLT) when buying a property
- Value Added Tax (VAT) if you are buying a commercial property
- Value Added tax (VAT) if you are refurbishing or converting a property (labour and materials)
- Income tax or corporation tax on the profits make on your property portfolio
- Capital Gains Tax (CGT) when selling a buy to let property investment
- Inheritance Tax (IHT) when you pass away and give your assets to your family/friends
- Annual Tax on Enveloped Dwellings (ATED) payable on an annual basis under certain circumstances
You need to work with a property tax specialist to make sure you understand the correct approach on the above and pay the right amount of tax. Solicitors and generic accountants may not get it right for you and unfortunately it's your money they are getting it wrong with.
How will this course help you save tax?
This course has been designed to walk you through all the elements of property tax that you need to be aware of. We will explain how each tax element may be reduced with some careful planning.
Enrol onto this course now and see how much tax you can save
Regular updates to the course
We will be updating the course each and every single month to keep you up to date with the latest property tax legislation changes.
Weekly live shows (7pm every wednesday)
You will have the opportunity to speak with Simon Misiewicz, the owner of Optimise Accountants and creator of this course. If you have questions about tax, why not take the opportunity to speak with Simon directly and get the very best answers to help you make more money and pay less tax on your buy to let investments.
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Frequently Asked Questions