How Property Investors CUT DOWN their Taxes in Australia 🪓

If you want to pay less tax, Watch This! 👀
Most property investors (SURPRISINGLY) still don't know how to reduce their tax liability 😮
It's so simple.
In this episode Mike Mortlock from MCG Quantity Surveyors reveals a DEAD EASY way to save thousands of dollars in tax, even for old properties! 🏠
This 20 minutes of your time will have a huge Return on Investment! 💪
0:00 - Introduction
2:23 - What is depreciation and why is it important?
4:22 - Why do you need a Quantity Surveyor?
6:23 - Depreciation on New & Old property
11:03 - Calculate property depreciation on your own
13:53 - How depreciation works on commercial property?
16:45 - How to choose your Quantity Surveyor?
21:45 - Conclusion
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
❤️ JOIN THE COMMUNITY & GET FREE SUBURB TIPS + STRATEGIES
💡 Private Facebook Group With Over 40,000 Clients & Investors 👉 bit.ly/3dCSefm
💡 Top Ranked No "BS" Podcast On Spotify/ iTunes/ Google 👉 bit.ly/3UAetTK
🎬 MUST WATCH VIDEOS
💡 How I Built My $12,000,000 Property Portfolio By Age 33 👉 bit.ly/3zj0f0f
💡 How I Bought My $3,000,000 Dream Home Debt Free 👉 bit.ly/3Skrzms
💡 My Portfolio & Net Worth Break Down 👉 bit.ly/3Zu4sZN
💡 Buy Property Now Or Wait? 👉 bit.ly/3r6B8cI
💡 100+ Client Interviews 👉 bit.ly/3S9FITI
📥 MESSAGE ME!
💡 Instagram 👉 bit.ly/3SpC4ET
💡 Facebook 👉 bit.ly/3dEvHyO
💡 LinkedIn 👉 bit.ly/3ByOweG
💡 TikTok 👉 bit.ly/3RchwhX
💡 X 👉 bit.ly/3IJwgE5
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

[@AusPropertyMasteryWithPK]

❤ JOIN THE COMMUNITY & GET FREE SUBURB TIPS + STRATEGIES 💡 Private Facebook Group With Over 40,000 Clients & Investors 👉 facebook.com/groups/passiveincomethroughproperty 💡 Top Ranked No "BS" Podcast On Spotify/ iTunes/ Google 👉 consultingbypk.com.au/podcast/

[@user-zx6jb3qh5t]

I may have missed it but I just learned that the depreciation lowers the CGT base, so if you sell you have to pay back the depreciation times your marginal tax rate. Still worth it but not as much fun. Unless you never sell.

[@McgqsAu]

Thank you for featuring us! 💚

[@ramonriveralaffont8126]

Thanks for that video. Just on time 😂😂

[@YouSydneyTube]

Hi Guys. Thank you for the insightful info! One though going though my mind is it seems that people usually pick a quantity surveyor and never really know whether the report of that surveyor was the best they could have got!? Is there a way/ should one try and engage several surveyors to see who produces the best report? If so, what is the best way of going about it? It appears that one would need to pay for each report before getting to compare across the three surveyors?

[@ottsy210570]

Hi PK, can you do amendments to your depreciation from previous years.

[@AusPropertyMasteryWithPK]

I could be wrong but I think you can upto a limit of years .. just call up Mike and ask, he’ll tell you right away!

[@MikeMortlock]

Hi Meegan, great question. You can amend previous years just like to can back claim for missed deductions. So if for some reason you forgot to claim say a newly installed item, you can go and amend your previous return. Generally your accountant will charge a fee for this though.

[@Mahdi20832]

if you buy new property..... you will be sure positive balance every year, even 7% interest rate...... but you can go negative if property is old, with few thousands repair cost every year.....

[@AusPropertyMasteryWithPK]

This is not really true.. search “old vs new pk gupta” I’ve done a video

[@Mahdi20832]

@@AusPropertyMasteryWithPK i have one old and one new investment property....... one give me around 5K positive balance and another nothing..... may be in 10 years time selling price will opposite. Current problem is 7% interest rate....

[@AusPropertyMasteryWithPK]

@@Mahdi20832 obviously depends on location and yield :) Can’t generalise based on 2 properties. But good on you!

[@tmbara]

I’ve never understood choosing to pay the lender more so you don’t pay less to the ATO

[@globalsportscardinvestor]

This might be a silly question but when looking at investing in units/appartments what is the ideal amount of individual dwellings to be looking for? How many is to many? I’m currently looking at 2 bedroom dwellings in Inner East Melbourne and along the coastline from St Kilda to Rosebud.

[@AusPropertyMasteryWithPK]

Try stick away from anything more than 8-10

[@JenniferPeck-gn-bw6je]

PK, this video is so helpful for me as I’m in a journey to get an investment property for tax cut purpose and capital growth. What do u think of freedom property investor group? I’m time poor and bad at doing research, where and who should I turn to guide me thru my journey?

[@AusPropertyMasteryWithPK]

Good to hear. Please dm me on fb, I can recommend a good BA if you just use one. But DO NOT use those ones.

[@louisbartholomeusz1802]

so... can I use a quantity surveyor just to reduce my tax if I live in the home? or is this only for investment properties?.. sorry if it's a dumb question..

[@AusPropertyMasteryWithPK]

It’s only for investment properties

[@MrGeddes85]

is there a quantity surveyor in perth you would recommend ?

[@AusPropertyMasteryWithPK]

I think Mike does it in Perth too? Not sure

[@MrGeddes85]

ill send u a pm on fb for his contact details

[@nash.p9781]

Great information provided, I’m convinced a quantity surveyor is the way to go. Interesting to say its a bonus not a strategy.

[@duncansmith906]

WHY?

[@Lawdylawdy651]

That’s funny, I felt unlikely worth it and as per PK, validated my view that better to buy house with larger land size for longer investments. Potentially a dif story for commercial investments

[@richardspinks6736]

Has to be repaid when you sell though .