Mark Winship is joined by Alan Cadden from Cavetta Consulting, to discuss the all-important topic of capital allowances. Many view tax information as somewhat dry, but as Mark and Alan explain, the amount of money you could be saving through capital allowances can often be staggering to investors. Listen as the "best kept secret in property" is discussed. KEY TAKEAWAYS Capital allowances apply to fixtures and fittings for commercial properties. HMRC are willing to give an allowance for anything that degrades in these properties over time. Your alternative to NOT claiming for capital allowances is to pay more to HMRC. This is the simple fact of the matter. Only 30% of commercial property investors claim capital allowances. Capital allowance claims can be used on properties such as hotels, let apartments, serviced accommodations, so long as the property is not a primary residence. BEST MOMENTS 'Capital allowances are the best kept secret in property' 'If you do this in the first couple of years this can be very advantageous' 'Landlords can be sat on situations where they can maximise their profits, and increase return on investment' VALUABLE RESOURCES This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591 Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem ABOUT THE SHOW This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property. Mark Winship is an experienced property investor and mentor with a portfolio of HMO and Serviced Accommodation properties across the UK. Mark's background in coaching high performance athletes has lead to a passion for mentoring people to achieve their life goals using property investment as a vehicle. Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it's only the last 12 years she's operated as a professional investor. Her and her husband have built their portfolio throughout the UK covering strategies from buy to let's, social housing, HMOs, developments and more recently a hotel. She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based. Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing. James D'Souza started investing in property from a young age and now owns a significant portfolio of buy-to-let properties, professional HMO's and commercial developments. Whilst actively growing his own property business, James helps countless other people start and scale their own property journey. CONTACT METHOD You can join Mark, Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community: https://www.facebook.com/groups/propertywealthcommunity Mark Email: [email protected] Mark Linkedin: https://www.linkedin.com/in/mark-winship-68b34833 Caroline Email: [email protected] Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/ James Email: [email protected] James Linkedin: https://www.linkedin.com/in/james-d-souza-552342104/ Hosted on Acast. See acast.com/privacy for more information.

Ask this episode

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

Transcript

Related