What is Prop-co & Op-Co? - Money Matters - Touchstone Education

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Touchstone Education

Touchstone Education

2 yıl önce

What is Prop-co & Op-Co?

Prop-co (Property-Company) and op-co (Operating-Company) is the number one way in which big companies operate. In this weeks addition of Money Matters, Paul will explain the difference between the two and how these will help you on your property journey, using examples from his own experiences in Serviced Accommodation, HMO's and Commercial Property.

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What is Prop-co & Op-Co?

YORUMLAR: 93
Touchstone Education
Touchstone Education 9 aylar önce
ENJOYING THE CONTENT?!👀 Take a deeper look into this topic with the free training below! ⬇️ shrtlnk.co/5SYmo
Nancy Sarango
Nancy Sarango Yıl önce
Thanks for sharing this valuable information Paul...I'm speechless...I feel fortunate to be part of this learning 😀
Touchstone Education
Touchstone Education Yıl önce
My pleasure!
Joe Mahon
Joe Mahon 2 yıl önce
Excellent and very informative. Thank you Paul, I have 3 x questions. How soon would you set up a Prop-Co & Op-Co? Would it be a good idea as an SPV? Could you move JV partners in and out as you take on new projects?
Paul Thomas
Paul Thomas Aylar önce
Absolutely love this Paul. Structured my business in the same way to leverage these concepts. Thanks for sharing. P
Sarah & George Choy - Property Vlog
Sarah & George Choy - Property Vlog 2 yıl önce
Thanks for that Paul. We always value your honesty - we are looking forward to hear how your office deal works out. Sounds very exciting 🥳
Ahsan Jamil Quadri
Ahsan Jamil Quadri 2 yıl önce
Thanks Paul. Very informative video. I have been following your videos for few weeks now. If we only want to start from 1 serviced accommodation , should we still form separate PropCo and OpCo ? Or shall we start from 1 only PropCo and after future growth create an OpCo??
Paul Thomas
Paul Thomas 2 yıl önce
Hey Paul, Thanks for another fab informative video. Just one question, You mentioned your Training company being able to offset another £600k in profit against that CA. Is the training company owned by the LLP? How does that work. Really love your work on commercial and tax and has helped me decide on focusing on that side of Property Investing. Thanks in advance for your reply :)
Touchstone Education
Touchstone Education 2 yıl önce
Thanks Paul! Yes the training company owned by LLP... very smart question! Paul
Josh Hurford
Josh Hurford 2 yıl önce
Great content as always Paul - one of the few "Prop-Trays" (Property Trainers;) out there who tells it how it is...happy to share personal stories and numbers!!!
verygoodbrother
verygoodbrother 2 yıl önce
@Touchstone Education Link doesn't seem to work
Touchstone Education
Touchstone Education 2 yıl önce
Hey Josh, If you have enjoyed this video, we are running some really exciting and exclusive online training events during CoronaVirus to help you learn more about property in a time that you might need us most! Visit this link to learn more or call our office shrtlnk.co/Nh3xu
Greetingsbox
Greetingsbox 2 yıl önce
Thanks for this and for sharing your knowledge, very clearly explained. You are creating the best value videos out there, putting the rest of the 'experts' in their place. I will be having words with my accountant.
Touchstone Education
Touchstone Education 2 yıl önce
Hey, If you have enjoyed this video, we are running some really exciting and exclusive online training events during CoronaVirus to help you learn more about property in a time that you might need us most! Visit this link to learn more or call our office shrtlnk.co/Nh3xu
burslem67
burslem67 2 yıl önce
Great video as always ,love how you explain everything in very simple terms.
Touchstone Education
Touchstone Education 2 yıl önce
Hey, If you have enjoyed this video, we are running some really exciting and exclusive online training events during CoronaVirus to help you learn more about property in a time that you might need us most! Visit this link to learn more or call our office shrtlnk.co/Nh3xu
yvette tam
yvette tam 2 yıl önce
This is the type of analysis Samuel Leeds can't do because he really isn't a property investor. Thanks for this
Durham Steven
Durham Steven 2 yıl önce
Another excellent video Paul. Thank you so much for sharing your knowledge and looking forward to seeing more of your videos.
Touchstone Education
Touchstone Education 2 yıl önce
Thank you Durham
Adam S
Adam S 2 yıl önce
This is probably one of the best videos I have ever seen. How have I not heard of you yet Paul until recently
Touchstone Education
Touchstone Education Yıl önce
Very kind of you Adam. Thank you
P S
P S 2 yıl önce
Incredible analysis and insight! I'm finally beginning to understand why Mac D are setup as they are!
Matt Moffatt
Matt Moffatt Yıl önce
Hi Paul. How much stamp duty was paid when you sold your house (Duneia) to Prop Co?
Roy Dean
Roy Dean Yıl önce
Thanks Paul, very informative...hope to join your classes in person and shake hands.
Touchstone Education
Touchstone Education Yıl önce
I look forward to it Roy. Paul
Samuel Holden
Samuel Holden 2 yıl önce
Very beneficial information, thank you Paul.
Touchstone Education
Touchstone Education 2 yıl önce
Hey Samuel, If you have enjoyed this video, we are running some really exciting and exclusive online training events during CoronaVirus to help you learn more about property in a time that you might need us most! Visit this link to learn more or call our office shrtlnk.co/Nh3xu
Rainbowgirl144
Rainbowgirl144 2 yıl önce
Great video Paul. Thanks for sharing this valuable content.
Touchstone Education
Touchstone Education 2 yıl önce
Glad you liked it, Rainbowgirl
Daniel / Sonnie Rocks
Daniel / Sonnie Rocks Yıl önce
Great video, instead of a LLP would a LTD still work?
hari kumar gurung
hari kumar gurung 2 yıl önce
Great to watch video, Paul. Thank you very much. Could you please explain me whether you have mortgage or not of your Scotland Duneira house before you from personal name to LLP?
Nikki On
Nikki On Yıl önce
Paul. You are brilliant. Is a property being used as service accommodation being classified as commercial? Can a service accommodation be owned by as SIPP or SSAS? Is a HMO a service accommodation? In your example of your own home, (i) did you have to obtain planning permission for change of use when you start using as facility for training and meeting and (ii) does business rate apply or still council tax (as it was your own residential home)? I meant, by virtual of its use, it becomes "commercial". Much appreciated. Stay Blessed.
Ab Rabosea
Ab Rabosea 2 yıl önce
This is just brilliant. Very humble teacher. 👍
Touchstone Education
Touchstone Education 2 yıl önce
Hey Ab, If you have enjoyed this video, we are running some really exciting and exclusive online training events during CoronaVirus to help you learn more about property in a time that you might need us most! Visit this link to learn more or call our office shrtlnk.co/Nh3xu
Chris Taylor
Chris Taylor 2 yıl önce
Hi Paul, I have a question regarding the use of Opco Propco and mixed use properties. You’ve mention that you like to hold your commercial properties in an llp and your btl’s in a ltd. in terms of the propco... if you are buying a mixed use property with commercial on the ground floor and residential on the uppers do you spilt the purchase into an llp and an ltd? Does the opco part only come into play if you have a trading business that can utilise the property? Let’s take the mixed use as an example if they have commercial and residential tenants in situ would their leases just be with the llp and ltd?
Touchstone Education
Touchstone Education 2 yıl önce
Wow, great question.. this is mentoring level not TRshow! You need to make sure you know what you are doing and have the correct advice for your personal situation..... to answer your quesiton no I would not title split, lenders tend to prefer one loan on one title... Paul
guy nzanza
guy nzanza 2 yıl önce
Paul you give so much but this video is my action starting investing in property. What I just saw through your Prop Co and Op Co explanation is magnifique for you. I’ll very soon share it with you...can’t thank you enough here, I’ll certainly do it in person myself. Be blessed! 🙏🏽🙏🏽🙏🏽😁
Touchstone Education
Touchstone Education 2 yıl önce
Hey Guy, If you have enjoyed this video, we are running some really exciting and exclusive online training events during CoronaVirus to help you learn more about property in a time that you might need us most! Visit this link to learn more or call our office shrtlnk.co/Nh3xu
Touchstone Education
Touchstone Education 2 yıl önce
Great news guy
Steve Harman
Steve Harman 6 aylar önce
Watched for the 6th time...love this course..
Raushan Ali
Raushan Ali 2 yıl önce
You are a genius Paul! Love your videos
Touchstone Education
Touchstone Education 2 yıl önce
Hey Raushan, If you have enjoyed this video, we are running some really exciting and exclusive online training events during CoronaVirus to help you learn more about property in a time that you might need us most! Visit this link to learn more or call our office shrtlnk.co/Nh3xu
Touchstone Education
Touchstone Education 2 yıl önce
Thank you :)
passerby1011
passerby1011 2 yıl önce
Great educational video thank you 👍
Touchstone Education
Touchstone Education 2 yıl önce
Hey, If you have enjoyed this video, we are running some really exciting and exclusive online training events during CoronaVirus to help you learn more about property in a time that you might need us most! Visit this link to learn more or call our office shrtlnk.co/Nh3xu
Sarah Marsh
Sarah Marsh 2 yıl önce
Great video! Thanks so much Paul!
Touchstone Education
Touchstone Education 2 yıl önce
Hey Jason, If you have enjoyed this video, we are running some really exciting and exclusive online training events during CoronaVirus to help you learn more about property in a time that you might need us most! Visit this link to learn more or call our office shrtlnk.co/Nh3xu
Dougie McGurty
Dougie McGurty 2 yıl önce
Hi Paul, could you not have taken the mortgage for the house for 10 years/£12k per month (as your company was already paying over £12k per month anyway)?
Dougie McGurty
Dougie McGurty 2 yıl önce
Touchstone Education ok, thanks. (was just curious if there was a specific reason tax-wise etc preventing you from doing so). Recently discovered the channel...addicted to it! Very informative and lots of hints and tips to ponder. Thanks for the great content 👌🏼
Touchstone Education
Touchstone Education 2 yıl önce
I could..
Punjabi Remixes
Punjabi Remixes 2 yıl önce
Fantastic information, you have to be one of the best property and money channels on TRshow.
Touchstone Education
Touchstone Education 2 yıl önce
Hey Raja, If you have enjoyed this video, we are running some really exciting and exclusive online training events during CoronaVirus to help you learn more about property in a time that you might need us most! Visit this link to learn more or call our office shrtlnk.co/Nh3xu
Touchstone Education
Touchstone Education 2 yıl önce
Thank you Raja
Phoenix Wiseman
Phoenix Wiseman Yıl önce
Gotta watch this again, so much knowledge
Touchstone Education
Touchstone Education Yıl önce
Great to hear!
paul griffin
paul griffin 2 yıl önce
Taken 2 aspirin Paul, coz I need to watch it again. No pain, no gain. Although I'd just about decided on my final, three-quarters-written-but-not yet-typed-up, business plan (which concentrates on lease options, in particular BTLTB's, & deal packaging, to start with), I've recently come across the idea of a sui generis HMO, which I've only just realised can be classed as commercial property, rather than residential, which is what HMO's are normally classed as. Aside from the attractive cashflow it'd generate, and lower risk that a 4/5 bed HMO might have, this could also be bought by a SSAS pension, through an LLP (if I'm learning anything at all from these amazing videos), which would give me a chance to introduce a pension into my lonely life, have the option of claiming capital allowances, and provide, as stated, attractive cashflow. I had always previously thought of a business plan as a paper exercise, but now I'm seriously doing one, I'm amazed at how it makes you go first one, then 2/3 levels deeper, than the 'I've got-it-all-in-my-head' plan, and facilitates the holistic formulation of what you need to do. Thank you for these inspiring & exciting videos you, and others in your company, are creating for us.
paul griffin
paul griffin Yıl önce
@Nikki On A normal HMO is 3 - 6 bedrooms, but a 7 bed-roomed is classed as sui generis, I believe.
Nikki On
Nikki On Yıl önce
Can you explain how a property becomes to be classified as a sui generis HMO?
Travel Channel
Travel Channel Yıl önce
Thank you.thank you.you made sense of a $4.5m property
Diana Danila
Diana Danila 2 yıl önce
Why is the PropCo in the second example a LLP? Aren’t the same capital allowances available for limited companies? I tried to find this information on the HMRC website but I cannot find it anywhere stated that some capital allowances are only for LLPs.
Touchstone Education
Touchstone Education 2 yıl önce
Hi Samuel, keep your eye out for December's Q & A where your question will be answered. Thank you
Samuel Holden
Samuel Holden 2 yıl önce
I had a similar question, when drawing up my group company structure, I had been working from a model with a group holding company, where all subsidiaries were owned wholly by the top Co. This would enable money to be moved around the group and losses and profits offset. How would an LLP fit into this structure? An LLP is made up of "partners or members" if the group topco were a member, would the same ability to pay income upward apply as in a LTD structure? 🤔 I like the idea of the capital allowances but perhaps I need to read up more on this sideways relief.
Diana Danila
Diana Danila 2 yıl önce
Touchstone Education many thanks for clarifying
Touchstone Education
Touchstone Education 2 yıl önce
Hi Diana the same capital allowances are available to limited companies. I use LLPs for many reasons including sideways relief (only possible from LLP's), getting the money out of limited company will cost you tax, the money is already out of the LLP tax free in your pocket with same capital allowances.... hope this helps...
Knownsense SOCIAL MEDIA
Knownsense SOCIAL MEDIA Yıl önce
Hi Paul, is there a tax efficient way to transfer properties From personal name to limited company and how do you do it?
Knownsense SOCIAL MEDIA
Knownsense SOCIAL MEDIA Yıl önce
@Touchstone Education Please send me Anika (accountant) details to set up Compnay accounts with her. Thanks
Touchstone Education
Touchstone Education Yıl önce
Massive question... yes from a personal ownership to partnership & partnership to limited company using incorporation relief is hard but possible, saves CGT & stamp, takes three tax years... hope that helps?
Ndumiso Gumbo
Ndumiso Gumbo 2 yıl önce
Hi can I use prop co to operate a BTL in my name? Thanks in advance. Ndumiso
Jason Boorman
Jason Boorman Yıl önce
One of my favourite videos
Kayla Chen
Kayla Chen 5 aylar önce
😂😂third time to watch and this time made it to the end 😀
Ninety Nine
Ninety Nine 2 yıl önce
Presumably capital allowances is only useful if the company or business has sufficient profits. No profits then capital allowances not useful.
kenny taylor
kenny taylor Yıl önce
I can see me as my child wanting to ride a bike for the first time...... I’ve seen others do it, I want to do it ..... but the first few attempts will be wobbly and I will probably need a push and support ..... do I want to go there . I don’t know 🤷
Andrew Tomlinson
Andrew Tomlinson Yıl önce
Hia paul ur brilliant but can i ask u , what if i just starting out, can i have an prop co / op co with just 1 house as a s/a. Thanks once agian keep it up .
Andrew Tomlinson
Andrew Tomlinson Yıl önce
@Touchstone Education thanks paul i do intend to have more, i'll let u know how i get on.
Touchstone Education
Touchstone Education Yıl önce
Very kind Andrew, thank you. You could do that ... I would be slightly wary of the costs for one SA unit as you would have probably £1,500 or so costs for both legal entities. It may still well be worth it and will be insignificant when you have many SA (or whatever) properties. Good luck. Paul
Andrew Tomlinson
Andrew Tomlinson Yıl önce
Hia paul once again i struggleing here i not very good on computor things i like to phone, but i cant find number for booking.com to find out what i need in place for a house as an s/a as in above what u would normaly have in a normal house . Ps i hope ive explained myself properly thanks .
ashok-kumar bharadwaj
ashok-kumar bharadwaj 2 aylar önce
Very good.
Steve Harman
Steve Harman 10 aylar önce
I am getting drunk on amazing knowledge
BEATHULL
BEATHULL 2 yıl önce
Where did the LLP get the £390K deposit from to buy Duneia?
Jas Khosa
Jas Khosa 6 aylar önce
I don't really get it you sold property to training company for 1.3m .surely your company forked out the 1.3m ???? So your company outlay is 1.3m???
Jesmine Guo
Jesmine Guo 10 aylar önce
To set up a limited company for BTL, does the limited company is LLP?
Jesmine Guo
Jesmine Guo 10 aylar önce
To transfer all existing properties into the limited company is too cost, Stamp duty and capital gain tax. Any advise for that.
Jesmine Guo
Jesmine Guo 10 aylar önce
@Touchstone Education so you have both of limited company and LLP. Why?
Touchstone Education
Touchstone Education 10 aylar önce
@Jesmine Guo Well done on your portfolio. You should learn the ins and outs of limited companies and property tax. We buy our BTL's into limited companies as it suits us. Good luck.
Jesmine Guo
Jesmine Guo 10 aylar önce
So I want to know the difference between limited company and LLP? And in my case which one suits most?
Jesmine Guo
Jesmine Guo 10 aylar önce
I also have a full time job, paying 40% income tax.
Emma Webber
Emma Webber Yıl önce
'king awesome 😱😲😁
Love Nurtures
Love Nurtures 2 yıl önce
Anyone know a good mortgage broker in Yorkshire?
Mohamed Sesaynaken
Mohamed Sesaynaken Yıl önce
Tanks my lovely friend i i so lovely experience i du like eats
Mohamed Sesaynaken
Mohamed Sesaynaken Yıl önce
Helos my lovely friend i i so andjus you good expert for tenkeing of life so like eates i
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