21 min

Stamp Duty Holiday And The Effect On Your Investing Property Magic Podcast

    • Careers

As part of the economic recovery package outlined by the Chancellor, Rishi Sunak, property buyers are being given a stamp duty holiday in England and Wales of up to £500,000 until the 31st March, 2021.

In this week’s show, Simon talks about what this payment holiday could mean for you, as well as more on government intervention and legislation, and why changes are now being made.

 

KEY TAKEAWAYS


SDLT (Stamp Duty Land Tax) Relief For Multiple Dwellings comes into effect when you buy more than one dwelling where a transaction include freehold or leasehold interests in more than one dwelling.
Councils adopt Article 4 in order to reduce the number of HMOs in any given area. But it has had the opposite effect in many places, and can be easily circumvented through differing strategies.
If you have an HMO, you may or may not need a licence (where applicable), due to new requirements. This has meant that there is a sudden influx of over 125,000 rental properties in need of a licence. Many owners are selling as a result.

 

BEST MOMENTS

’This is completely free money for the government for doing absolutely nothing’

‘It’s an example of legislation that doesn’t always achieve what it’s meant to achieve’

’This is actually a huge opportunity for us!’

‘You’ve got make sure you understand these things, to avoid mistakes'

 

VALUABLE RESOURCES

If you’d like to access free online training with Simon about Purchase Lease Options, then please register at www.PLOtraining.com

 


Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi

 

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

iphone:  http://bit.ly/pinAPP1

Android https://bit.ly/pinAPP2

Register at Mindset For Property at - www.mindsetforproperty.co.uk 

 

ABOUT THE HOST

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003www.pinmeeting.co.uk.    pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

 

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

 

CONTACT METHOD

Contact and follow Simon here:

Facebook: http://www.facebook.com/OfficialSimonZutshi 

LinkedIn: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/

As part of the economic recovery package outlined by the Chancellor, Rishi Sunak, property buyers are being given a stamp duty holiday in England and Wales of up to £500,000 until the 31st March, 2021.

In this week’s show, Simon talks about what this payment holiday could mean for you, as well as more on government intervention and legislation, and why changes are now being made.

 

KEY TAKEAWAYS


SDLT (Stamp Duty Land Tax) Relief For Multiple Dwellings comes into effect when you buy more than one dwelling where a transaction include freehold or leasehold interests in more than one dwelling.
Councils adopt Article 4 in order to reduce the number of HMOs in any given area. But it has had the opposite effect in many places, and can be easily circumvented through differing strategies.
If you have an HMO, you may or may not need a licence (where applicable), due to new requirements. This has meant that there is a sudden influx of over 125,000 rental properties in need of a licence. Many owners are selling as a result.

 

BEST MOMENTS

’This is completely free money for the government for doing absolutely nothing’

‘It’s an example of legislation that doesn’t always achieve what it’s meant to achieve’

’This is actually a huge opportunity for us!’

‘You’ve got make sure you understand these things, to avoid mistakes'

 

VALUABLE RESOURCES

If you’d like to access free online training with Simon about Purchase Lease Options, then please register at www.PLOtraining.com

 


Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi

 

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

iphone:  http://bit.ly/pinAPP1

Android https://bit.ly/pinAPP2

Register at Mindset For Property at - www.mindsetforproperty.co.uk 

 

ABOUT THE HOST

Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003www.pinmeeting.co.uk.    pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

 

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.

 

CONTACT METHOD

Contact and follow Simon here:

Facebook: http://www.facebook.com/OfficialSimonZutshi 

LinkedIn: https://www.linkedin.com/in/simonzutshi/

YouTube: https://www.youtube.com/SimonZutshiOfficial

Twitter: https://twitter.com/simonzutshi

Instagram: https://www.instagram.com/simonzutshi/

21 min