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ACCOUNTANT EXPLAINS: Property Tax Deductions - Everything You Need To Know For Tax Time 

Australian Property Mastery with PK Gupta
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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
LEARN MORE 👇
💡 I Help People Achieve PASSIVE INCOME Through Property Investing Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, WITHOUT Wasting Months Doing "Research", Spending Weekends At Inspections OR Dropping $15k On Buyers Agents Each Time 👉 consultingbypk.com.au
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🎬 MUST WATCH VIDEOS
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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;
• We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, Reader or Viewer, and we have not provided financial services to the Listener, Reader or Viewer.
#PropertyInvestment #PassiveIncome #Australia #RealEstate

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31 июл 2024

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Комментарии : 28   
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK Месяц назад
❤ JOIN THE COMMUNITY & GET FREE SUBURB TIPS + STRATEGIES 💡 Private Facebook Group With Over 50,000 Clients & Investors 👉 facebook.com/groups/passiveincomethroughproperty 💡 Top Ranked No "BS" Podcast On Spotify/ Apple Podcasts/ Google 👉 consultingbypk.com.au/podcast/
@nq6417
@nq6417 Месяц назад
PK, 30 years ago I used to pay $3k for a weekend seminar to get this information. Even then the relevant information was covered up with hype.
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK Месяц назад
You’re welcome
@bilal1671
@bilal1671 20 дней назад
One of the best videos you have uploaded. Very informative
@brigettesqui
@brigettesqui Месяц назад
I love your content they are so informative, and you really look after your viewers. I really enjoyed this session. Gained a lot out of it
@lmaliya6094
@lmaliya6094 Месяц назад
very useful information again! Thank you Pk & Mo! PK I like your well-planned & organized contents, worth to listen/watch. Keep up the great work 🎉❤
@aggarwal0143
@aggarwal0143 Месяц назад
If someone is renting 1 or 2 rooms in their primary residence, can they claim the interest or portion of interest in tax?
@mis8024
@mis8024 Месяц назад
Very useful. Thank you very much
@imranAkMemon
@imranAkMemon Месяц назад
Great session. Covering lot of info for investors. Great work Pk & Mohamed Radwan
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK Месяц назад
Thanks mate
@jpbeaudoin3599
@jpbeaudoin3599 Месяц назад
Love this type of content. Thank you!
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK Месяц назад
Cheers mate
@Raavi05
@Raavi05 Месяц назад
Thanks PK for making this video. its very informative for a newbie like me. 🙏
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK Месяц назад
My pleasure 😊
@someguy4260
@someguy4260 Месяц назад
Thank you PK and Mohamed for this very informative video!!
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK Месяц назад
Thanks
@broxs
@broxs Месяц назад
You are the best! ❤
@CleanupStack
@CleanupStack Месяц назад
Great video. Good insights. Thank you
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK Месяц назад
Thank you
@thomastji
@thomastji Месяц назад
Thank you PK. This video is so good. I love it although I do not do my own tax return but with this infomation then I can spot if my accountant is doing it right.
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK Месяц назад
That’s what it’s all about!
@MaheshBabu-cn2ez
@MaheshBabu-cn2ez Месяц назад
Sorry but I don’t understand when Mohamed say Interest in advance (i,e bringing forward the next year interest) is not tax deductible in the current FY. Can you please clarify more on this? My tax accountant said it is tax deductible.
@cjbarnes2010
@cjbarnes2010 Месяц назад
Great video and insights
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK Месяц назад
Much appreciated
@charlizeangel8223
@charlizeangel8223 Месяц назад
Say if you took out an investments loan of $170 000 to buy a $225 000 property and you’ve put in extra $ over the year and it has now sitting at a balance of $30 000, so there is $140 000 that you could take out. Is it okay to take that $140 000 out because it was the extra that you put in? Ps it’s an interest repayment loan. Can you take out the extra $140 000 to put it toward your principle home?
@JayR17Deguzman
@JayR17Deguzman Месяц назад
Great video and insights. Wondering if it is possible to claim the interest as income tax deduction on the amount you've redrawed from your home loan to pay for your investment property mortgage repayment? It's really tricky when I try to research about this especially when it comes to redraw facility.
@AusPropertyMasteryWithPK
@AusPropertyMasteryWithPK Месяц назад
Best to get in touch with him i reckon
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