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.
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