How Investors Use Property to Minimise Tax in Australia

Looking for stress-free, fixed-fee accounting services? Book a FREE consultation with us: https://www.boxas.com.au/book-a-consu... Need cloud accounting software? Sign up for Xero: https://xero5440.partnerlinks.io/boxas (this is an affiliate and I will make a small commission at no extra cost to you) Ever wonder why Australians are OBSESSED with property investing? It’s the tax system. Things like negative gearing and the numerous CGT concessions ease the ongoing costs of investing, making it a hot target. But if you’re not careful about your ownership structure or aware of the CGT rules, you could be hit with a MASSIVE tax bill! So in this video, we’ll cover all the major tax concepts related to property ownership, including case studies and scenarios to help give you the full picture! DISCLAIMER: Information in this video is general in nature and should not be considered financial or tax advice. Speak to a qualified professional about your individual circumstances. – Chapters: 0:00 - Why people invest in property 0:31 - Capital growth in a nutshell 0:54 - Rental income in a nutshell 1:21 - How taxes on rental income work 2:01 - Tax deductible investment property expenses 2:28 - How negative gearing works 3:47 - How Capital gains tax (CGT) works 4:55 - 12 month exemption rule 5:16 - Common scenarios that change your CGT 7:15 - Notes for property developers 8:03 - How to NEVER PAY taxes on property 8:27 - Taking advantage of equity with bank financing 9:17 - Everything you need to track 10:15 - Are these concessions justified? — Thank you for watching this video. I post videos on this channel to provide the latest and most frequently asked business questions. Please take a second to say hi in the comments below. Also, if you enjoy the video and find it valuable, subscribe to the channel, like and share it with anyone who you think might find my channel useful! — ► Subscribe to my channel here:    / daviemach   — Davie has over 15 years experience in advising businesses in management accounting and taxation issues. He heads up a passionate team at Box Advisory Group who are dedicated to offering proactive and outstanding service to our clients. Davie’s extensive experience in providing tax and consulting advice and astute business knowledge has paved the way for success for many businesses. He is a member of the Chartered Accountants Australian and New Zealand, a member of the Australian Tax Practitioners Board and holds a Bachelor of Commerce degree from the University of New South Wales. — Follow Me: LinkedIn:   / davie-mach   Instagram:   / boxas_syd   Facebook:   / boxadvisory   Website: https://boxas.com.au/ TikTok:   / boxadvisory   — Disclaimer: This video is for informational purposes only and should not be considered financial or legal advice. This video does not take into consideration your personal circumstances. Consult with a qualified financial planner, tax advisor or legal consultant before making any decisions regarding investments.