))
2024 Spring Budget Update.
Manage episode 406381154 series 3504934
Το περιεχόμενο παρέχεται από το property investors network and Property investors network. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον property investors network and Property investors network ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
In today's podcast, Mark discusses the latest updates on the Spring Budget.
For higher-rate taxpayers, the capital gains tax has been reduced from 28% to 24%. This tax only applies to individuals who have purchased the property in their name. However, buying it under a LTD Company removes this tax.
VAT is a threshold; if you earn or profit £85,000 or more in your business, you are required to pay 20% on that amount. This threshold does not apply to landlords, but it does apply to businesses. It is better to stay below the threshold as you can still lead a comfortable life, and you would not lose a significant amount of money.
Previously, when purchasing a portfolio or a block of flats, landlords were exempted from paying stamp duty. Unfortunately, this exemption has been scrapped. Nevertheless, there are ways around this, such as buying properties under LTD companies. This way, you do not need to pay any stamp duty.
If you need any advice while buying properties, you can reach out to us through our pin Facebook community.
VALUABLE RESOURCES:
- Visit www.pinFurtherLearning.co.uk to explore the complimentary training sessions and resources we provide to assist you in generating a sustainable income through property.
- Join our FREE pin Community Facebook group to meet other like-minded property investors and potential Joint Venture Partners.
- Attend your first property investors network (pin) Meeting for free by using the voucher code "BUZZ"
CONNECT WITH US:
Facebook: https://www.facebook.com/propertyinvestorsnetworkuk
LinkedIn: https://www.linkedin.com/company/property-investors-network
YouTube: https://www.youtube.com/c/propertyinvestorsnetwork
Twitter: https://twitter.com/pin_uk/
Instagram: https://www.instagram.com/propertyinvestorsnetworkuk/
TikTok: https://www.tiktok.com/@propertyinvestorsnetwork
74 επεισόδια
Μοίρασέ το
