UK Holding Company Tax Benefits

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Пікірлер: 36

@Simon-Misiewicz-US-UK-Taxes 2 жыл бұрын

Tell us more about your situation here in the comments box below. Feel free to read our article www.optimiseaccountants.co.uk/knwbase/using-holding-companies-as-a-property-investor-and-property-developer/. Why not join us at one of our live events? Register here: www.optimiseaccountants.co.uk/monthly-seminars/.

@FirestarGraphics 3 жыл бұрын

Great video Simon. We had our first call with Jan today from optimise and can’t wait to start working with you guys.

@Simon-Misiewicz-US-UK-Taxes 3 жыл бұрын

It will be a real pleasure to serve you. Welcome to the Optimise family

@dheshpadiachey2041 3 жыл бұрын

Amazing video, thank you so much!

@Simon-Misiewicz-US-UK-Taxes 3 жыл бұрын

You are very welcome 🙏

@nag9439 3 жыл бұрын

Thank you Simon.

@Simon-Misiewicz-US-UK-Taxes 3 жыл бұрын

You are very welcome Nag

@jamesbelluk2721 3 жыл бұрын

Another great video Simon! I will be purchasing the spreadsheet once I get my company on track! What benefit would there be by moving the flipped house from flipped limited to the holding company? I understand that if you were a sole trader and moved the flipped house to a limited company you’ll would pay SDLT and capital gains tax, but why wouldn’t you just leave the flipped house in flipped limited and rent it out from there?

@Simon-Misiewicz-US-UK-Taxes 3 жыл бұрын

It is a way to minimise the number of companies and to take advantage of SDLT/VAT concessions in certain circumstances

@mhoward181 3 жыл бұрын

Cud we urgently have a new video on the new CGT changes that are being considered. If they are implemented what could this mean. Cud we have another comparison between property in own name and LTD company. Once again I am in a situation where I don’t know weather to start a LTD company for further BTL. I may want to sell property in next 20 years. Another situation is if I die will my next of kin be worse off if i keep BTL just in my own name. Tricky.

@Simon-Misiewicz-US-UK-Taxes 3 жыл бұрын

On it’s way on Monday

@pinnball9964 2 жыл бұрын

Hi, Simon, can I use a flip company to claim all the VATs I paid on materials when doing the renovation and then move the property to holding company?

@Simon-Misiewicz-US-UK-Taxes 2 жыл бұрын

You can in certain projects but it is a case by case basis. No generic answers on this one sadly

@nag9439 3 жыл бұрын

Hi Simon, The holding company has to be the LLP? If we have quite a big portfolio of properties as buy-to-lets, SA and commercial.

@Simon-Misiewicz-US-UK-Taxes 3 жыл бұрын

You can use a LLP or LTD as a holding company

@sajhussain26 3 жыл бұрын

Can you set up a holding company for a SPV property investment company?? I doubt it because SPV is not a trading company but thought I would ask anyway :)

@Simon-Misiewicz-US-UK-Taxes 3 жыл бұрын

Hi Saj, Holding companies can be used for both trade and investments

@kimberleymee5756 3 жыл бұрын

Great video Simon. Thanks for sharing. If someone already has a profitable trading company worth quite a bit, but wanted to set up a holding company (purchase shares of trading co) to invest in property, what are the tax implications if it has the same eventual beneficial and controlling parties? Does this crystallise a gain, is the stamp 0.5% of PP (or market value) and VAT implications if the business is VAT registered. I know a few people in this situation where I think holding companies retrospectively could be advantageous so helpful to know if retrospective can work! I’ll point them toward this video as a starter for ten!

@Simon-Misiewicz-US-UK-Taxes 3 жыл бұрын

You can create a holding company. you would then do a share for share exchange between your existing company and you’re holding company. This is a great way to prevent any capital gains tax and any stamp duty taxes

@kimberleymee5756 3 жыл бұрын

Great news Simon, I will let people know!!!

@Simon-Misiewicz-US-UK-Taxes 3 жыл бұрын

You are welcome

@AlexG-zi6jr 2 жыл бұрын

Thanks for your video. Would like to ask some questions. I would like to form a Wyoming corporation for anonymity purpose. I also would like to build credit for both and use tax strategies with S Corp and pay myself a salary. Should I form an LLC in Wyoming and file a foreign S corp in California? Does it have to have exact business name? Should I buy property, car and other assets with Wyoming or California company for asset protection? Should I pay myself from which Wyoming or California company?

@Simon-Misiewicz-US-UK-Taxes 2 жыл бұрын

We are UK tax specialists so be worth speaking with a CPA. www.greenbacktaxservices.com/

@samna789 Жыл бұрын

Hi Simon, thank you for this insightful video. What if Flipped limited transfered all it's dividends to an LLP (instead of Holiding Ltd), what are the tax implications to the LLP when the partners decide to extract the monies? Is it just taxed as non savings income in the usual way @ 20/40/45%?

@Simon-Misiewicz-US-UK-Taxes Жыл бұрын

Please see my video response

@samna789 Жыл бұрын

@@Simon-Misiewicz-US-UK-Taxes sorry I'm being silly here, where can I find the video response. Would really appreciate it. Thank you in advance.

@Simon-Misiewicz-US-UK-Taxes Жыл бұрын

Sorry KZfaq was meant to link it. It is here; Paying dividends to a LLP: what are the tax implications kzfaq.info/get/bejne/mbR6n9dyyZ26fWw.html

@samna789 Жыл бұрын

@@Simon-Misiewicz-US-UK-Taxes Thank you so much Simon, appreciate it so much. 😊

@Simon-Misiewicz-US-UK-Taxes Жыл бұрын

Always welcome 🙏

@oliverpmellor 3 жыл бұрын

Hi Simon, is the Tax Know How online community still working? The link doesn't take me to anyway. Thanks

@Simon-Misiewicz-US-UK-Taxes 3 жыл бұрын

Hi Oliver, we decided to discontinue that service due to the lack of demand

@oliverpmellor 3 жыл бұрын

@@Simon-Misiewicz-US-UK-Taxes That's a shame. It seemed like a great entry point. Is there a way you could provide the templates etc for a one off fee like the excel file? Many thanks.

@Simon-Misiewicz-US-UK-Taxes 3 жыл бұрын

Yes of course please see here www.optimiseaccountants.co.uk/tax-calculators/

@oliverpmellor 3 жыл бұрын

@@Simon-Misiewicz-US-UK-Taxes Excellent thank you