@LouisMorganxb3 2 ай бұрын
We've all made mistakes at some point. You should consider financial planning
@palebiss1646 2 ай бұрын
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
@CoreyLloydo 2 ай бұрын
Do you mind sharing your financial planner?
@palebiss1646 2 ай бұрын
Leah Foster Alderman
@palebiss1646 2 ай бұрын
You are most likely to find more info when you look her up
@haydentrudgill 2 ай бұрын
Fiiiiinally backed myself and signed up to the education program. Shout out to Tom, whom I spoke to in our chat. I'm looking forward to the journey!
@JamieYork 2 ай бұрын
That's great! Well done!! Looking forwards to working together!
@elizabethclarson 2 ай бұрын
Great video Jamie. I think the government has not helped the country with section 24. I am one of those land lords who works an normal job and have 4 BTL's in a private name. Mt tenants have always had really cheap rent as I believe in great houses and an affordable price. Due to the interest rates going so so quickly in the last two years I am now breaking even, over the next few years I have to up the rent just to cover the tax I now need to pay. It would have been great if the government would have allowed a window of time so you could transfer the houses into a Ltd company without paying CGT. I think their main intention was to stop individual landlords and guide people towards companies and making the industry more professional.
@askmartinez6409 2 ай бұрын
Yes they want you to be forced to sell and have Lloyds bank buy the properties .
@stewartbrown3643 2 ай бұрын
Completely agree - made worse by higher interest rates on B2L company mortgages and the payment of SDLT and GCT on the transfer of property into a limited company which normally had increased in value. The overall result - increased rents which again demonises landlords and then round we go again!!!
@andrewamidala 2 ай бұрын
Here's a question, I am buying a house and turning my flat into a buy to let. The income generated will take me over the £50k threshold with my salaried job. I hoped the income earned from renting the property would contribute towards my house mortgage but do not want it swallowed up by 40% tax? I want to begin to build a property portfolio but what is the point of keeping this flat and not selling it if I am just getting taxed to the hilt on it. People have said about LTD but you have to spend to save (IE business expenses). What can I do or am I missing a piece of the puzzle?
@haydentrudgill 2 ай бұрын
I AM NOT A FINANCIAL ADVISOR so speaking to a tax advisor would be good. Having said that, all roads lead to a Ltd company. What many people do is find a tax efficient way to take advantage of the tax allowances and find a balance between that and NI to optimise what you should pay yourself to earn a tax free income. With the rest of your income, you pay yourself from your company in dividends as this would be less tax. In your situation, you could keep the money made from your property within the company and build your investments or you could pay yourself more via dividends that will tax you into the 40% tax bracket but you'll be paying less in taxes. But again, I'm not a financial advisor and I think you'll save money in the long run by having a chat with one.
@andrewamidala 2 ай бұрын
@@haydentrudgill thank you for your reply, and you are quite right in seeking professional tax advice on this but what you have described above makes a lot of sense
@adios2952 2 ай бұрын
Ty for explaining. So section 24 only applies to buy to let on personal name if it’s ltd company then interest gets deducted along with expenses before applying tax?
@divyabihola6300 Ай бұрын
Education
@JamieYork Ай бұрын
Thanks! Would be great to work together! Head over to www.aspireeducation.co.uk/joinaspireeducation and fill in your details, and a member of my team will be in touch! 😊
@Grow.YT.Views.330 2 ай бұрын
Pure talent!
@user-ow2fz8md4s 2 ай бұрын
Thank you for great content.
@silvaabelian2281 2 ай бұрын
Hey guys, how to sign up for the education program, I was trying to sign up, but there was an error on the web. Appreciate any help.
@JamieYork 2 ай бұрын
Ooo try this link again, if you still have any problems email us at hello@aspireeducation.co.uk 😊
@jassihra8566 2 ай бұрын
Hi Jamie, I would like your guidance on what you would do if you was myself. I am a Telecoms engineer working for a giant company in the UK (5 years with the company). I live with my parents, and I am aged 27. I have £50,000 cash saved (from honest work). My question is, if you was myself, how would you go about getting a property for buy to let ? I would be grateful for you guidance please. Thank you Kind regards, Mr.Singh
@mihaibagutiu7039 2 ай бұрын
Great, but with Ltd is not much different, interest is with @1% more , accounting @100£/month , is if have 3 properties is Bol….s :))
@7anishleo 2 ай бұрын
Ridiculous!! Interest should be tax deductable.
@JamieYork 2 ай бұрын
Tell me about it!
@eggtonic7404 2 ай бұрын
You just pre-judged us on 02:49 😮. We do know, as we've been watching you youtube vids 😂
@James-z4y 2 ай бұрын
It's absolutely ridiculous. People will celebrate the exit of individual BTL landlords and then cry about higher rents.
@jamesparone1163 2 ай бұрын
I think I need education cheers
@JamieYork 2 ай бұрын
Thanks! Would be great to work together! Head over to www.aspireeducation.co.uk/joinaspireeducation and fill in your details, and a member of my team will be in touch! 😊
@askmartinez6409 2 ай бұрын
Any rent you get if property is in your personal name is dead money. Actually worse off with this phantom rent you’re paying tax on. Money that you never saw. Will have to sell up
@victoriajamie99 2 ай бұрын
you only need to know the government doesn't care about people or landlords they care about themselves and foreign policy. All rules are for tenants and not for landlords so what is the point anymore
@jamielyons4961 2 ай бұрын
First comment!
@greetingsbox4229 2 ай бұрын
This was our friendly Conservatives who brought this in imagine what Labour will do, at best they will be the other cheek of a ass, at worst? Who knows?
@drp277 2 ай бұрын
Day light robbery!
@MaxRedable 2 ай бұрын
Education
@JamieYork 2 ай бұрын
Thanks! Would be great to work together! Head over to www.aspireeducation.co.uk/joinaspireeducation and fill in your details, and a member of my team will be in touch! 😊
@NatalieBarbara-l4x 2 ай бұрын
Education
@JamieYork Ай бұрын
Thanks! Would be great to work together! Head over to www.aspireeducation.co.uk/joinaspireeducation and fill in your details, and a member of my team will be in touch! 😊
@simontroniseck5772 2 ай бұрын
Education
@JamieYork 2 ай бұрын
Thanks! Would be great to work together! Head over to www.aspireeducation.co.uk/joinaspireeducation and fill in your details, and a member of my team will be in touch! 😊
Sleek-chic Interiors
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Jamie York
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