New Accounting Changes Could Save You Thousands in Tax Ft. Matthew Harris
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We sit down with property investor and developer Matt Harris to discuss the new accounting changes effective from 1 July 2024, allowing for debt restructuring to achieve tax efficiency.
Join Matt and Mike for their FREE Webinar as they go through all the potential applications of these new changes and outline how these may apply to you and your situation: us06web.zoom.us/webinar/register/WN_8Ba3H_vuQfGuD64LaKdI6w#/registration
This episode is proudly sponsored by Partners Life: www.partnerslife.co.nz/
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The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.
@Husselgoals 18 күн бұрын
what a Legend 😉
@thedon9670 18 күн бұрын
Why would you buy in a LTC? Losses in any entity are locked into that entity, but when your property in a LTC starts making a profit you are now paying tax at your personal tax bracket. If you are on top tax bracket then your profit is now taxed at 39%. Better to buy in a normal close company where profits are max taxed at 28% and you can bonus a shareholder salary if you are on a lower personal tax bracket.