I show the everyday person that wealth is attainable for them. book a slot👇🏾
Oct 31, 2024 • 9 tweets • 2 min read
We had the Labour parties #budget yesterday, here’s the summary you’ve been waiting for!
1. STAMP DUTY 🧾🏡
SDLT surcharge for second-homes, has increased from 2% to 5% as of TODAY!
This will DESTROY Buy-To-Lets AND/OR 2nd home owners & will ultimately impact rental supply!
2. CAPITAL GAINS TAX 📈
- 🆙 from 10% to 18% for basic rate
- 🆙 from 20% to 24% for higher & additional rate
Rates on property gains remains the same!
Fortunately this does not YET affect investments made through your ISA’s. I say “yet” because who knows with this lot…🤦🏾♂️
May 29, 2020 • 11 tweets • 2 min read
***BUYING PROPERTY THROUGH LTD COMPANY***🏠👀🏠
I spoke to a CHARTERED accountant yesterday & asked a bunch of questions about buying property through a Ltd company vs Buying personally to rent out.
Let me go straight into it & hope this helps! ✅✅✅
Pro’s vs. Cons 🤓⬇️⬇️⬇️
PROs: ✅
• Tax efficiency - if you’re a higher rate tax payer (we’re all on £100k+ so this includes everyone), you will pay corporation tax at 19% of the PROFIT rather than 45% of your rental income tax. There are also rumours the corporation tax will be going to 17% lets see 👀
