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What is the best structure for your flip projects? 

Kimberley Shapcott Property Tax and Accountancy
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Are you looking to flip a property? How should you buy your flip? Should you buy in your own name or a company? What are the tax implications for buying in your own name? What considerations do you need to know?
In this video you will discover:
Structuring your flip project in a your own name or a Company? Why?
What are the tax implications when you buy in your own name? Capital Gains Tax or Income Tax?
How does it work in a company?
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DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not specific tax advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker. Making decisions on your tax position and investment decision is your own and appropriate specific targeted advice from a qualified accountant or tax advisor should be sort. The speaker will not be held responsible for any losses or gains based on decisions made following watching this video. Always do your own research and seek advice from an appropriately qualified professional.
#property #propertytax #propertyinvestment #accountants #taxadvisor #Landlord #propertyinvestor #flipping #flippingproperties #propertyprojects #propertyflips #shapcottsaccountants #believepropertyltd
Final editing by Shapcotts Online Productions.
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15 сен 2024

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Комментарии : 6   
@kenlizzio7096
@kenlizzio7096 Месяц назад
Interesting. Thanks.
@kimberleyshapcottpropertytax
@kimberleyshapcottpropertytax 5 дней назад
You're welcome
@thepropertyflipper
@thepropertyflipper Месяц назад
..and if you withdraw the funds out of the company, you then pay personal/dividend tax. It's a real problem for flipping as a side hustle where you have other income. Makes the actual tax rate very high.
@kimberleyshapcottpropertytax
@kimberleyshapcottpropertytax 5 дней назад
There are definitely issues around how you can do things when you have a good income. Depending on your goals the tax is limited if you leave in the company but you will be stung when you take out depending on your income levels.
@tamshora090
@tamshora090 Месяц назад
So how the HMRC will tax the individual if it isn't considered a Capital gain?
@kimberleyshapcottpropertytax
@kimberleyshapcottpropertytax 5 дней назад
It will be taxed as income at the income tax rates of 20% and 40% plus any national insurance that may also be due.
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