In this engaging episode of the podcast, I speak to Tej Gill to explore the intricate landscape of property tax schemes, focusing on the impact of Property118 and associated legal structures. Tej shares his keen insights into the historical context of section 24 tax changes and the emergence of strategies like the hybrid LLP and incorporation relief. We dissect the legal nuances and practical applications of these methods while examining the potential repercussions faced by those who adopted such schemes. Delving deeper, we offer a meticulous analysis of incorporation relief, partnership structures, and the controversial aspect of directors' loan accounts. Finally, we discuss the potential pitfalls and the importance of not rushing into seemingly attractive tax-saving schemes without thorough due diligence. This episode is specifically catered to listeners keen on understanding tax strategies within the real estate industry. 👉🏻 DOWNLOAD A COPY OF OUR BOOK SMALL BUSINESS BIG PROFIT FOR FREE: https://ultimate-fd.webflow.io/small-business-big-profit 👉🏻 HOW FINANCIALLY FIT IS YOUR BUSINESS? Take the Ultimate FD Acid test to find out and have a bespoke report in less than 5 minutes!!! Take the test here: https://josh-dtlqxm7w.scoreapp.com/

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

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