Supercharge your wealth: the tax advantages of property
Manage episode 461323409 series 3620862
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.
What you’ll learn:
- How and when negative gearing works
- PAYG variations: how they operate, their potential benefits and key factors to consider
- 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
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SUPPORT FOR INVESTORS
Looking to take the next step in your own property investment journey? Discover the tailored support available to investors through Damian’s property investment advisory, Momentum Wealth: momentumwealth.com.au.
T&Cs
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.
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