£3,000,000 Property Flips in 2 Years | Winners Wednesday

[@greetingsbox4229]

Yes, It is correct they don't have to pay stamp duty on an uninhabitable derelict property. But it is incorrect for them to think that just because they live in a property for a short while they will avoid CGT. The Taxman could well want to know if it qualifies as a taxable business and what was their original intention of buying each of their properties and the ones they call home and have not paid CGT on. They will need to prove they were intentional homes and not transferred from business investments just to save on CGT by living in them for a short time. If they are getting investors onboard to fully fund the purchase and renovation they are on weak ground to argue that it is purely a home. HMRC are not daft, they are making money, and their investors are making money, HMRC are not? It won't last, keep doing it repeatedly and HMRC will rightly see it as a tax dodge when it looks more like the property development business they run. Non-payment of CGT by owners of a property development company will attract the attention of HMRC and this video may help them make up their minds.? Glad they are making good money in their (personal) developments and business trading but I feel the CGT avoidance idea is skating on very thin ice.

[@olieholmes9391]

Love this guy or hate him, bottom line, he's an inspiration. He's the reason I started off in property.

[@olieholmes9391]

@@PM-jl4zd Yes I am aware of that, may he Rip. Still people pay tens of thousands of pounds to go to university that promises them financial freedom by getting a good job yet, lots of graduates are still jobless and poorer with accumulated debt. @PM, first remove the log in your own eye before you remove the speck in another person. Samuel has helped more people than you would ever do in 3 of your lifetime. Stop being a hater. Grow up.

[@amanda7444]

Oh perfect timing! I literally typed ‘winners on a Wednesday’ on KZbin!!

[@steveharman8907]

This stuff is awesome and these two are very cool...Bentley eh Darren...nice target for me to stick on my wish wall.! Well done all.! Thanks so much.

[@emmafinn7183]

These guys are my fav. Can't stop watching their success ❤️

[@RedPillAdventurer]

Can someone explain how they aren't paying ANY TAX??? As far as I can tell they are saying; Bought a house at auction using investors money and/or bridging loan. Ok fine Redeveloped and spruced up the run down house and now it's worth more. Ok fine Refinanced the property to pull out capital. I know you don't pay tax because it's basically debt. Ok fine If you pay yourself with that debt then I'd assume you'd need to pay tax or if you took it out as dividends then you'd still pay tax but less. Now it gets a bit fuzzy. That aside now they plan to sell the house, well if you sell then the mortgage gets paid off using that money. Ok fine Wait! But we took out the original money from when we refinanced and that now is taxable. So if that money stayed in the company then you pay tax, if it's transfer to you as pay or dividends then you pay tax. So I'm not seeing how or where you can get away without paying ANY TAX. Any thoughts ?

[@Jordan-lw4ef]

So the overall profit made £115.000 they are only getting an agreed % of that profit as the investor owns the house. As the couple are the middle men doing the work . Correct

[@floatingpeaks4584]

These are just scammers mate

[@greendevelopments]

Love watching your videos. Learnt so much! Currently on my second property in 12 months and about to complete on our 3rd!

[@kunlele07]

Please anyone got that bit kindly tell me.. Question is : How much interest was paid to investor on the 165k? I am lost pls.

[@floatingpeaks4584]

If you believe these scammers, no interest was paid as they made 115k profit 🤣

[@MyForexReviews-kt1db]

@@floatingpeaks4584 how do you know?

[@osmanali488]

Samuel is such a top guy, wish there were more people like him.

[@yorblastshotblastcleaning1688]

Are you on drugs??

[@osmanali488]

@@yorblastshotblastcleaning1688 only taken a couple of paracetamol today, what's up?

[@keironnguyen3033]

I’ve been watching property investment a lot lately and more so Samual Leeds, he’s so inspirational gutted I can’t make it to Birmingham this year so trying to watch as much KZbin to learn as much as I can to try to take the next step into property investment on my own then hopefully link up next year to get some education to better myself 👌🏼

[@margaretkennedy1570]

As always very encouraging

[@xxxxel6736]

Do they have a Chanel

[@mackbenz9066]

Samuel leeds your next grant cardone, coming for you

[@lindimoea4735]

Sorry I didn’t catch the Stamp duty bit. Why didn’t they pay it?

[@ayomidejohnson8369]

The house was unhabitable when they bought it.

[@silverltc2729]

@Lindi Moea uninhabitable and primary residence

[@ayomidejohnson8369]

@@silverltc2729 The primary residence part was to prevent paying capital gain tax. I believe you still pay stamp duty even if it’s primary residence

[@youtube1d31]

@@ayomidejohnson8369 its a fake video it was bought by a limited company DELLA ESTATES LTD look at charges on companies house. companies pay stamp duty, corporation tax, capital gains etc. 91 charlton road andover hampshire

[@billyyr9469]

@@youtube1d31 what does it matter if it was bought by a limited company I sold my house to a limited company so bit interested in your comment

[@xarslanxahmed578]

Can a landlord out smart the rent to rent deals, for example i just paid £5000 ( for example) for the refurbing the house so we can start to rent out the property and have the cash flow. But what if I did all that hard work and he says he doesn’t wanna deal with us for some other reason. I put all that work in and put all that money in for nothing. Making no profit . He say he wants us out of this house. I just redecorated the for nothing. I recon that can happen. I don’t think you can do anything about it.

[@The_Situation]

Those kind of clauses go in the contract.

[@hassanamir387]

If you’ve got a contract with a minimum length break clause then no that can’t happen

[@yorblastshotblastcleaning1688]

They haven’t got a clue on there numbers, why would someone embarrass themselves of been in the same room as this clown!!

[@propertyinvestingwithcleme3099]

Boom 💥

[@3.777]

Hii sir help me

[@wav_z7412]

Oh wow

[@charlesnelson838]

Jesus is coming soon

[@Joey-Cameltoe]

Certainly feels that way every time I turn on the news

[@abdulwaheedmuhammadqosim6297]

I believe these people are debt free and are now millionaires through Samuel 🥰😍

[@abdulwaheedmuhammadqosim6297]

let keeping chatting on Instagram Sir🥰

[@DMC888]

“...We do not have the funds to cover the £3956”. 21/0871 | Variation of condition 5 attached to planning permission 19/0029 to amend the trigger point for the payment of the POS contribution | 50 TOPPING STREET, BLACKPOOL, FY1 3AQ

[@bhandaripharsuram]

You are awesome🇳🇵🇳🇵🇳🇵🇳🇵🇳🇵🇳🇵🇳🇵🇳🇵🇳🇵🇳🇵🇳🇵🙏🙏🙏🙏🙏me too also want to change my life honestly

[@bhandaripharsuram]

@WHATSAPP ⓵ ⓷⓸⓻⓺⓶⓽⓹⓻⓹⓷ 🙏🙏🙏🇳🇵🇳🇵🇳🇵

[@claudinacanan5470]

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