Don't pay more TAX than you need to!
❌ If you invest in real estate and you're paying taxes then you're probably paying too much.
In this episode tax expert Mohamed Radwan (mohamed@maradvisory.com) tells us how to save tax as property investors. We cover:
👉 How to calculate your tax benefits
👉 Most important tax deductions
👉 EXTRA pro tax deductions for seasoned investors
👉 Claiming tax benefits in a Trust / Company
💭 We also cover some community member Q&A from our Australian Property Investment Mastery with PK Facebook Group.
💰 This episode could save you tens of thousands of dollars!
#tax #accountant #taxes
Chapters:
00:00:00 - Minimizing Tax Benefits in Property Investment
00:06:06 - Calculating Rental Income and Expenses
00:12:49 - Interest and Borrowing Expense
00:18:55 - Hidden Costs in Settlement Statements
00:25:25 - Classifying Expenses in Body Corporate
00:31:27 - Property Management Expenses
00:37:50 - Utilizing Losses
00:43:47 - One-off Transactions and the Importance of Highlighting Expenses
00:49:57 - Importance of Speaking to an Accountant
00:55:54 - Join the Facebook Group
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DISCLAIMER: No Legal, Financial & Taxation Advice
The Listener, Reader or Viewer acknowledges and agrees that:
• Any information provided by us is provided as general information and for general information purposes only;
• We have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information;
• We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer;
• The information provided must be verified by the Listener, Reader or Viewer prior to the Listener, Reader or Viewer acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener, Reader or Viewers accountant;
• The information may not be suitable or applicable to the Listener, Reader or Viewer's individual circumstances;
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