How Property Investors SAVE TAX - Most People STILL DON'T Know Depreciation Tax Rules In Australia!
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- Опубліковано 19 чер 2024
- In this video, I'm talking about How Investors save tax with property investment. Watch this video for a detailed explanation of tax depreciation and how it benefits property investors!
0:00 - Introduction
4:50 - How advanced property investors use the benefit Depreciation?
10:19 - Why do you need to get a Depreciation Schedule?
19:10 - Claim Depreciation on your Commercial property.
23:01 - How buying property on Trust impacts your depreciation benefits?
25:42 - How quantity surveyor inspects your properties?
27:53 - What you need to know about 2017 legislation change.
32:20 - How to choose a quantity surveyor?
36:55 - Most property investors in Australia don't claim all the taxes they could?
37:26 - Build a team with the quantity surveyor.
43:01 - Use Free Depreciation calculator to get an estimate.
44:14 - Conclusion
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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;
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Where can we get the calculator? Also, do you know if I claim tax back via our SMSF for your course? I have been following your approach and really appreciate your humility and your knowledge
@@paradaisohealingcentre9777 the duo tax website will have it :)
Yes should be, always good to check with your accountant
Started following you today. Very informative discussion with Tuan. Keep up the good work !!
I always listen to you. You are very helpful
I understand that in the example discussed, ie Family or Discretionary Trust is deriving and income and the depreciation can offset the "trust income". I am unclear on if the beneficiary's personal tax liability can or also be offset, as well. I understand that this doesn't constitute advice and this is just a discussion around these principles.
Thank you for following this topic up.
Pleasure
Very informative
This was a great interview.....
Cheers
Very useful info 👍
Thanks
Hey PK, thanks for the content.
What's the QSurveyer contact ?
Excellent video PK. What is the name of the Quantity Surveyor firm please?
Duo tax
@@AusPropertyMasteryWithPK Thanks PK for the super quick response. 🙏🙏
What if the home is built in 1990 but I bought it in 2031. Does that mean I cannot get any depreciation. What if the home is recently fully renovated. Does that mean we will again get depreciation for again 40 years.
Thats deceptive as depreciation amounts are deducted from capital cost so capital gain tax is paid on lower capital cost as the profit margin will be higher. The depreciation advantage over the life of the item is far less than the capital gains tax savings when its not used as capital cost of property remain high.
Deprecations benefit is added to capital gain and tax is paid on that as any other capital gains. Nothing is deceptive, this is what is mentioned, and is implemented by ATO.
Often this can be larger than the cashflow benefit depending on the persons tax bracket, simple financial modelling shows this.
good information
Thanks!
Hi PK I saw your couple of videos since couple of month. Lots of information which help to all of us. I want to speek with you can I have your details?
That was informative but I couldn’t find any reference to “Paying zero tax legally”
Hi PK, can you claim a depreciation in your own residence?
No.
Depreciation is an expense on an asset. An asset is something that generates revenue. Your residential property is not an asset. Therefore, no, you cannot claim depreciation on your residence.
Please get a good accountant interview as well
We have one!
😊
Pk you are glorifying the depreciation. But the fact is any depreciation you claim reduces the capital value and when you sell the property you pay capital gains tax on a very reduced capital price which makes your capital gains tax due is much higher as the value of the property is much higher in the years to come and the capital gains tax just keeps getting better. So its not wise to get depreciation on small capital values.
Yeah, watch this: ua-cam.com/video/zsI_rv5O0Sk/v-deo.html