Hey Jamie, Im get a bit obsessed with your videos. 🤦‍♀️🤷‍♀️ I love them, thank you for all of them. ❤️ Im started my investment journey when I was 21 in Hungary, I helped my parents to buy an investment property what is doubled the value in 5 years. Since I live in uk (and lived in a shared house👎) I always wanted to own my home. 🙈 I done it last year 🤗, so I can't stop - it is reminds me for a good egg hunting😹, this year Im gonna purchase the next one 😎, and because Im gonna be a high tax earner from this I really appreciate this video! 👏🏻 On the other hand to answer your question, I would really pleased to see a video the legal requirements of the buy to let (for example the sockets, EPC, how to rent guide etc.), also would be nice to cover a wich are the key principles for a BTL refurbishment (and if someone like me who do most of the renovation by myself would be good to what I can/can't do (like kitchen and bathroom electricity)). About tax I would have an other question: it is like, if you are a high tax payer, and you are the director of the Ltd, how you can take out from your profit what is not salary (40% tax rate) or dividend (32.5% tax), is there any legal way? Or how we can make our money working for us (as ISA, as stocks?shares?bonds investment), during the period when I can't afford the next property but I don't want to waste my time? I hope I haven't gave you to big homework? And sorry if any of my questions are stupid and the answers are pretty obvious. 🤦‍♀️ 😘😘😘😘

Found your channel recently and im hooked! Keep up the great work. Im just about to buy my first BTL, i have 50k deposit, realistically in my area (central essex) im looking at 200k apartments/maisonettes. Maybe a video on Freehold vs Leasehold would be great. On the surface its a no brainer but is it worth buying Leasehold if thats all that you can afford? Alternatively is do you recommend buying property local to where you live or is it worth looking further afield?

Jamie great videos, keep it up. Recently I am hearing about smart company set up but no one tells in details . Could you please make a video on it. Thanks

Still a bit confused about VAT tbh, a vid on that subject would be really helpful! Claiming back VAT on materials sounds good, but do you then also have to charge VAT on the rental income?

No problem 👍 More to come!

Noted!

Glad you enjoyed it

Glad I help!

Glad it was helpful!

Thanks so much! There is more to come!

@@JamieYork I'm looking forward to it. I've sent you a message on Instagram, it would be great if you got a few minutes to take a look.

There are a lot of other factor that need to be considered too - You are best asking a financial advisor - But I know this strategy worked for me

No problem at all, let me know how I can help!

One is in the works!

@@JamieYork id listen to this.... just searched on apple but can’t find anything. Thanks for your content 👍👏

Thanks Simon! I’ve got a fairly complicated structure due to partners and different types of businesses so some in personal, more in business and starting to look at setting up in Dubai For some areas of business with a more intellectual property base

No worries dude! Enjoy!

Hey Arthur! I hope you're well and thanks for touching base. Very happy you got some value! More than happy to have a chat about a strategy day, feel free to shoot me a message on Facebook: facebook.com/jamieyorkaspire

@@JamieYork Hi, thank you for the reply. Unfortunately I am not on facebook. I only really use this channel as social media. Have you got a personal website or e-mail contact? Regards

Accountant here but this is not financial advise... You can pay yourself one of three ways; 1) Company can pay a salary or bonusto you as the director - you would need to set up a PAYE scheme or a payroll bureau/your accountant do this for you. The payment could be monthly or adhoc in theory. 2) The company can declare a dividend which is paid to the shareholders (you). A company can only pay a dividend from its profits (rent after all costs inc salaries paid above) after tax. 3) Directors loan account. The company may lend you money which will need to be repaid. This should be seen as a temporary thing as it will generally need be paid back and does have tax consequences when it isnt temporary. In reality a mix of all three tends to be used; Company pays director a salary up to the national insurance threshold (first circa £8k a year doesn't attract national insurance) Company pays a dividend of £2k to use the tax free "dividend allowance". Of course this will all be dependent on your individual circumstances. What Jamie maybe didnt cover in here is the fact with a limited company your only forced to pay around half the tax bill in the year you make the profit. The other half is when you actually take that profit from the company. By leaving it in the company you can offset that 30 years or depending on your exit plan indefinitely. This leaves you free to benefit from compound growth on the part of the profit you didn't take as income therefore didnt pay tax on :)

@@iplaywaytoomuch thanks Andrew, very useful to know and will explore more. Appreciate the info

Great addition of value there Andrew, really valuable. Thank you

All corporation tax if sold mate, not capital gain. Andrew has covered a lot below. For me, I don't touch the money, I let it compound as much as possible

YEs you can. Speak to your accountant

Depends on your strategy. It could be more tax efficent if you did

Find yourself a qualified mortgage and tax professional. He doesn’t know what he’s talking about and much of it is factually incorrect. Follow at your peril.

LTD company

All about what you want to do. You can offset more tax with a LTD Company but it is ALWAYS about what works better for you!

I think that makes sense if it's a higher risk like new build. If it's for each BTL then I just think it's a bit over the top and causes too much paperwork each year with the accounts

@@JamieYork soon could we be paying 25% cooperation tax on profits over 50k, whereas with lots of small property companies from say getground will enable people you to pay just 19% cooperation tax as your spreading your income

Yes, for the BTL, but not for your personal home that you live in as it would be a taxable event as far as HMRC are concerned

Haha, glad to ermmmm. Help? 😆 Sometimes the videos give you more questions to go away and think about!

SPV is fine, it's just a ltd company for a specific purpose

Nah. After 12 months sa302’s you get access to some lenders. After 2 Years you’re pretty solid

@@JamieYork Thanks

Thanks Nick, go to www.aspirepropertygroup.co.uk and fill in your details :)

I just have fun :)

Instagram is best @jamieyorkaspire