Why holding companies could COST you money

Thinking about making a holding company as you've seen online it's a good idea? In this video Dan runs through the basics of a holding company, the key mistakes to avoid and some big myths debunked. He also says 'caveat' a lot.... Watch on! Topics include: 00:00 Introduction 00:28 Online info 00:49 What is a holding company 02:43 Why holding companies might COST you money 03:37 Property development holding structures 04:02 The tax rate problem (example) 05:48 "Passive" holding companies 06:14 Why holding companies don't eliminate tax bills 07:25 Why borrowing money doesn't remove all the tax 08:08 Sometimes there are tax savings 08:27 Safety over tax | Dan's ghost You can sign up to Xero’s Accounting Software with a great discount here: https://www.heelanassociates.co.uk/xero If you have any questions or thoughts on this, please comment below. Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners. You can also watch on our other YouTube channel    / @heelanhub   Join our mailing list for tax, accounting and business tips at: https://www.heelanassociates.co.uk You can see more about what we get up to as an Accountancy Business on the following: LinkedIn (Dan):   / danheelan   Instagram (Dan):   / danheelan   Twitter (Dan):   / danheelan   TikTok (Dan):   / dan.heelan   Instagram (Company):   / teamheelan   Facebook (Company):   / heelanassociates   Twitter (Company):   / heelanassocs   Web: https://www.heelanassociates.co.uk Call: 02392 240040 Email: [email protected] #accounting #smallbusinessuk #tax Note: As always, these videos are educational and should not be considered financial advice. Seek professional advice on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links.