meta_pixel
Tapesearch Logo
Log in
The Property Podcast

ASK121: Why am I paying so much tax? PLUS: Does owning in a company avoid the stamp duty surcharge?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 30 January 2018

⏱️ 9 minutes

🧾️ Download transcript

Summary

On this week's Ask Rob & Rob podcast...

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob. And I'm Rob, and I'm Russell. And this is Ask Rob and Rob and Russell.

0:07.0

Yeah, I'm getting into flow of this now. We've got these special episodes where Rob and I are joined by Russell Smith tax extraordinary from the Property Hub tax.

0:21.0

Yes, he's been bringing his knowledge over the last few weeks and there's more to give.

0:25.0

So we've got two more tax questions for you this week. Tax knowledge bombs going off on the show at the moment.

0:32.0

Absolutely brilliant.

0:33.0

But we know it's what you want, so that's why we're giving it to you.

0:35.5

This week we've got two great questions,

0:38.0

but before we answer them, let's give you a reminder of how you can get on the show.

0:42.0

Yep, dead easy. just give us a call

0:44.1

oh 1-1-808 triple oh 3-3-0-3-5 that's 1-808-O-35 or you can get on your laptop

0:50.8

and head over to the Property Hub.

0:52.5

Dot Net slash Ask.

0:54.0

All you need to do is leave us a quick message

0:55.5

and wait patiently to receive your answer.

0:58.1

That is what today's first question did.

1:00.4

So let's have a listen to this one from Dominique. I wonder if you can help me with

1:03.5

some tax issues that I'm having a bit of trouble understanding. I work full time

1:09.7

and self-employed. I have my own limited company so pay corporation tax and as a

1:15.9

sideline I have six by to let properties and I pay self-assessment tax on those.

1:26.8

My accountant does all of my accounting together and I find every year that I pay more tax for my by to let's than I do for my day-to-day work, despite the fact that I earn a lot more day

1:35.8

today than I do with my by-to-let on my by-to-let's.

1:40.2

Now I understand why that is, because a corporation tax is at a lower rate than other tax,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Rob Bence & Rob Dix, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Rob Bence & Rob Dix and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.