Supercharge your wealth: the tax advantages of property

16 Jan 2025 Back

Should I claim my property tax deductions through a PAYG variation or as a lump sum? Which ownership structure is right for me? When is the right time to speak to my accountant?

Damian revisits his accountancy roots alongside Moore Australia’s James Tng to unpack the essential role tax deductions can play in maximising your property investment success.

Together, they explore the ins and outs of negative gearing, the importance of choosing the right ownership structures, and how leveraging your tax eligibilities can contribute to building your retirement savings. Plus, you’ll learn why tax savings should complement – not drive – your property investment decisions.

In this episode, they’ll cover:

  • How and when negative gearing works
  • PAYG variations vs lump sum deductions: how they operate, their potential benefits and key factors to weigh up
  • Recent changes to property depreciation
  • Common tax eligibilities that can support the expansion of your property portfolio
  • When to consult your accountant for guidance
  • How choosing the right ownership structure can boost your success

 

Enjoying the podcast? Learn more about the frameworks Damian has used to help thousands of investors build wealth through property in his Amazon best-selling book, Property Investing Roadmap: How to build an income from property for life.

Featuring

Damian Collins

Host, Property Investing Roadmap
Managing Director, Momentum Wealth
Chairman, Westbridge Funds Management

Damian Collins is the Founder and Managing Director of residential property advisory, Momentum Wealth, and Chairman of Australian property funds management company, Westbridge Funds Management. Damian is the author of the Amazon Best Seller, Property Investing Roadmap: How to build an income from property for life and host of the Property Investing Roadmap podcast. He is a well-known advocate across Australia’s real estate industry, previously serving as President of the Real Estate Institute of WA (REIWA) from 2018 to 2022 and as a Director of the Real Estate Institute of Australia. Having been an active property investor himself for over 30 years, Damian continues to apply his extensive experience to help fellow investors grow wealth through direct and syndicated property investments.

James Tng

Managing Partner, Moore Australia (WA) Pty Ltd

James Tng is Managing Partner of Moore Australia (WA), with decades of experience in tax and business advice to businesses, migrants, overseas and Australian businesses and government agencies.James has extensive knowledge and experience as an advisor business, insight into property development, asset protection and estate planning issues, along with complex tax issues.

Thanks for tuning in! If you’re enjoying the podcast, please take a moment to rate us to help others discover the show. Please note that the information shared on Property Investing Roadmap is general in nature and doesn’t take into account your individual circumstances. The information is for educational purposes only and should not be relied upon for investment or financial decisions. Always seek professional advice before deciding whether to invest.