corporation tax

Could the current Prince Andrew lawsuit be a tax write off? Inflation, cost of living and taxes are all going up at historic rates, is it right that the people should be paying for this? Rob discusses both these questions and more in this episode.

KEY TAKEAWAYS

• All taxes are going up. If this lawsuit is paid for by the state then it will be public money paying for it. Rob personally believes this shouldn’t happen, it simply isn’t fair.
• Rob isn’t against the royals, he believes the Queen is a hard working public servant but this doesn’t mean this shouldn’t be challenged.
• The level of taxes at the moment aren’t sustainable.

BEST MOMENTS

“I’d love to know where that money will come from”

“Why should the public pay for Prince Andrews lawsuits?”

[Business, mindset, entrepreneur, disruptors]

VALUABLE RESOURCES

https://robmoore.com/

bit.ly/Robsupporter  

https://robmoore.com/podbooks

 rob.team 

ABOUT THE HOST

Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors”

“If you don't risk anything, you risk everything”

CONTACT METHOD

Rob’s official website: https://robmoore.com/

Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs

LinkedIn: https://uk.linkedin.com/in/robmoore1979

disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Here’s what the March Market Update has in store for you

This month’s March Market Update episode is dedicated to last week’s budget announcement.

A lot of you were expecting this episode last week, but we needed time to get all our ducks in a row before we shared what it means for you as an investor. 

Here’s what to expect on this week’s property podcast episode

Brace yourselves, this may be the most impactful budget on the property market we’ve EVER discussed. 

Rob & Rob are looking at the big news that was (and wasn’t) included in the budget. 

Here’s just a small snippet of what’s to come in this jam-packed episode: 

• Taxes
• Extension of furlough 
• Universal credit increase extended 
• The recovery loan scheme
• Additional support 
• Free ports

It’s the episode you’ve all been waiting for, so go give it a listen.

In the news

Even though the budget has taken center stage this month, there have been a few non-budget related news stories. 

One being an article in Mortgage Strategy sharing a report from Nationwide, who’ve said ‘prices rebound with 6.9% growth’.

At first we thought this could be an anomaly, but now it seems like it’s part of the property cycle. 

And if you missed our latest episode on where we’re at in the 18-year property cycle, you can catch that here. 

Let’s get social

We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.

Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! 

If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.

See omnystudio.com/listener for privacy information.

The teams at RMP and Yellow have both grown in this past week. RMP have said hello to Julia and Christa, and Yellow have welcomed Donna and Nicole. So that's been a pretty busy week for us all round really!

We've also been creating some more free courses this week. Check out the ones that are there already here, and look out for a brand new course in the next few weeks.

News story: World's fastest hover train could go from Liverpool to Manchester in 7 minutes. 

The Robs could not be more excited about this, even if it does seem quite a long way off right now. It combines some of our favourite cities to invest in, plus trains (and we all know how much Rob B like's trains!). So this is probably one of the most exciting news stories they've seen in a while.

Check out more about the potential Maglev train here.

The Spring Budget

This is a mini-budget, if you will. We've had to dig pretty deep to find something to say on this as The Chancellor did not mention housing at all. Here's a brief summary of points you might want to note though.

• Nothing about mortgage relief or stamp duty...in fact, nothing about housing at all!
• As before – Corporation tax will fall to 19% this April, and will then fall to 17% in April 2020. So good for those holding properties in a company
• The tax free dividend allowance for company directors will be reduced from £5K to £2K from April 2018.
• Extension until 2019 until landlords need to keep digital records and send quarterly updates to HMRC
• Rent-a-room relief – The government will consult on proposals to redesign rent-a-room relief, to ensure it is better targeted to support longer-term lettings. This will align the relief more closely with its intended purpose, to increase supply of affordable long-term lodgings.

And from the makers of The Northern Powerhouse...

Did you enjoy the Northern Powerhouse...then you’ll love the Midlands Engine!  We don't have much to say on this right now, but watch this space.

Resource of the week

A lack-lustre budget but to make up for this we have not one but two resources of the week!

Managing your credit file is not exciting, but it is important. It's good to checkout a regular snapshot of how things are doing. The first resource this week is from Money Saving Expert and is called Credit Club. It's super useful and once you're signed up they will do the rest.

You can also get a free score from Experian now. This used to be around £15 per month, so is well worth checking out.

Continue the conversation over in the forum

What did you think to The Budget? Did you get as ridiculously excited over the prospect of the hover train, as Rob B did? Let us know over in the forum.

If you enjoyed The Property Podcast, please leave a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air.

If you’d like to hear your name on the show, leave us a review on iTunes here.

Not sure how to leave a review? This video shows you how to review and subscribe on iTunes.

See omnystudio.com/listener for privacy information.

This week on Ask Rob & Rob, Ravi from Leicester asked: What's the best company tax strategy? Always a tough question to answer, as accountants themselves don't always agree on the best course of action. If you don't have a property company but you do have a business that you want to lend from, you can organise things that way. But the best way is setting up an official loan between two separate companies; this way you can pay back bigger parts of your loan to your original company if you want to lower your profits. All you need to do is make it all official and set things up – see the links below for lots of useful material.

See omnystudio.com/listener for privacy information.