Wealth Made Simple Podcast

When talking about the control of a company, it can be tricky to decide who requires what in order to retain a controlling interest. In this episode, Shaz explains it all! KEY TAKEAWAYS It's wise for the party who wants control to ensure they have 51% of the shares which makes you ahead in voting rights. Shareholders agreements are vital in order to make sure that when an impasse is reached, progr...

How should you structure your business for flexibility? Shaz looks at a commercial conversion case study and explains the different company structures and the tax implications He also shares great advice on having a holding company and why this is the key to flexibility KEY TAKEAWAYS Keeping the commercial conversion projects in different companies means they don’t affect each other Once you have...

Shaz discusses the thorny subject of when and how to buy shares internally when it comes to a business - from where to find the money to do so, to how to make sure you remain compliant at all times. KEY TAKEAWAYS Most small businesses tend to be born from a family concern, with the parents founding and the children assuming the reins later. Using a dividend in order to fund the acquisition of more...

Shaz explains Investor's Relief, a more flexible version of Entrepreneur's Relief, and when it can be best deployed in order to save you more money! KEY TAKEAWAYS Investor relief works very similar to entrepreneur's relief but is actually more flexible. Investors keep their money is a deal for three years. After this period, up to the first ten million pounds of uplift is charged only 10% tax. BES...

Shaz explains Business Asset Disposal Relief (BADR) - when it can be used, and why you should look to it when selling a business. KEY TAKEAWAYS If you run a business for five years and have at least 5% of the share capital - if you sell it you can claim entrepreneur's relief up to the first million pounds. If you charge rent on the business, then you can't charge Entrepreneur's Relief as it then b...

Shaz talks you through a practical example about how to better understand VAT and capital allowances, and the benefits that can be achieved when converting from commercial to residential. KEY TAKEAWAYS When looking to buy a property it is wise to find out about the exact VAT situation. When you make the offer, make it clear that you want to convert from commercial to residential, and ask if they w...

Shaz explains the differences between an investment company and a trading company, and how the approaches to buying properties for each will require different schools of thought. KEY TAKEAWAYS If you buy a property, hold on to it, and rent it out, then this an investment purchase. if you buy a property, do something to it and then trade it, this is a trading purchase. Serviced accommodation proper...

Depending on the properties you buy and the way you buy them, you may be able to claim certain reliefs. In this episode, Shaz talks about an instance from his own investing history that best illustrates these differences. KEY TAKEAWAYS Even the difference of just £100,000 on a property worth over a million pounds, can dramatically increase your rental income potential. When you are doing your firs...

Investing in property is an exciting journey, but there can be pitfalls along the way. In this episode, Shaz talks about the current state of the housing market and what you need to watch out for in order to ensure your continued success. KEY TAKEAWAYS Quantitative easing is coming to an end, so we are seeing large upheavals in the financial sector, including interest rates, which can affect prope...

Considering how to change and tailor your portfolio to the ever-changing circumstances is something we should always keep on top of. but should we ever stop buying property altogether? In this episode, Shaz talks about the way you should be thinking about this question. KEY TAKEAWAYS Property is a liquid asset and it takes time in order to sell it and convert it into cash. Selling property can be...

When embarking upon the serviced accommodation route in property investing, it's always wise to keep ahead of the costs and rates you might be facing. In this episode, Shaz discusses them all, and how you can best maximise the profits you make.  KEY TAKEAWAYS Classifying your property as a furnished holiday let will allow you to take advantage of several tax benefits that do not apply to other for...

Getting started on the property ladder doesn't have to be a complex as you have been led to believe. You can begin your journey without first amassing a fortune of your own, and in this episode, Shaz explains exactly how to do it. KEY TAKEAWAYS So long as you're planning to work hard and dedicate yourself to property investing, then there's no reason why you shouldn't succeed. Find a partner who h...

SDLT is one of the most misunderstood taxes, but if clarity is provided then it can be a useful tool in your financial journey. In this episode, Shaz explains SDLT exemptions and reliefs that'll allow you to pay zero! KEY TAKEAWAYS An SDLT isn't as well understood as it should be, but if properly viewed, it can provide you with exemptions and reliefs that'll alleviate your finances considerably. I...

Shaz shares the most common misconceptions and myths surround property investing, and how to make sure you're keeping ahead of the rumours and untruths that might be holding you back. KEY TAKEAWAYS The property pricing cycle always follows a boom-and-bust model. A steady increase will always be followed by a decline - history has proven this. Prices do go down! It isn't just the wealthy who are ab...

Is there a limit to the size that your ideal portfolio should be? In this episode, Shaz talks you through what you need to think about as you grow, what your business should look like, how much income you need. Remember, that size doesn't matter! KEY TAKEAWAYS It always pays to think about the size of the business that you're trying to build. Many investors build significant portfolios that leave...

What is a holding company? What are the benefits of a holding company? What are the drawbacks of a holding company? Why should I have a holding company? In this episode, Shaz walks you through all these questions and more! KEY TAKEAWAYS A holding company is a type of business structure that deals specifically with business assets, investments and management. When a business is 100% owned by a hold...

Finding off-market properties is Shaz’s favourite marketing strategy in this episode he shares some of the ways you can take effective action to increase your network becoming known in your goldmine area Building an extensive network with people knowing that you are looking to buy properties off-market is key, hear about a range of strategies that will create an extensive network and get started K...

This is a great episode if you want to get into commercial conversions as Shaz takes us through his latest project the conversion of a grade 2 listed post office into twenty two mixed flats and a ground-floor commercial space He goes through the numbers and shares valuable content about working with lenders, the loan-to-cost figures and the GDV, listen in to hear why commercial conversions should...

Shaz shares an overview of the LP hybrid model, explaining exactly what it is and how it works He shares informative content that helps to explain the process and discusses why it's vital that any hybrid LLP is planned and set up properly   KEY TAKEAWAYS A partnership is two or more individuals who form a business An LLP can be two or more people or two or more entities As the properties are intro...

Flips are good for cashflow and a great strategy, and in this episode, Shaz explains what you need to have in place and how you can get started From knowing your numbers to negotiating the right deals all the way through a project, Shaz shares valuable tips and advice about how to get started and succeed if you want to use flipping as either a supplementary or primary property strategy KEY TAKEAWA...

Everyone is asking if there going to be a property market crash and when’s it going to happen and in this episode Shaz shares the historical patterns and his analysis of this much-asked question He looks at the previous cycles for the property market and shares the predictions and his analysis of what will happen    KEY TAKEAWAYS History repeats itself and there have been, to date three serious pr...

Shaz explains how tax works if you are buying property that is already part of a company and discusses the ways you can achieve the best tax outcome for yourself He uses a worked example to go through the figures making it clear at which point in the process action is required KEY TAKEAWAYS You need to think about the best company structure for commercial conversions The property being purchased m...

Shaz looks at what happens when a shareholder wants to sell their shares and how other shareholders can raise the capital to buy them without involving an investorHear about POOS - purchase of own shares and how this can mean a substantial saving in taxes KEY TAKEAWAYS If a shareholder wants to retire they will want to sell their shares  and other shareholders are likely to want to buy the shares...

In this episode, Shaz covers the main differences between a sole trader business and a limited companyHe shares an informative overview of the benefits and looks at some of the different reliefs and allowances that can be claimed through a sole trader business and a limited company  KEY TAKEAWAYS The accounts are simpler with a sole trader business and there is more flexibility to add partners The...

Shaz shares great information as he answers questions from his live audience about when you can and can't claim VAT on commercial properties and refurbs and also takes a look at how to claim entrepreneurs' relief KEY TAKEAWAYS You can claim VAT on commercial properties if you sell them If you are increasing or decreasing the number of units of buying a house that has been empty for 2 years or more...