With tax season just around the corner and property investors constantly navigating a shifting taxation landscape, it’s never been more important to stay one step ahead of the taxman.

Whether you’re a seasoned investor with a sizable portfolio or just starting out with your first rental, the rules are changing—and some of these changes are flying under the radar.

In today’s episode of the Michael Yardney Podcast, I’m joined by my business partner, Ken Raiss, Director of Metropole Wealth Advisory and one of Australia's leading property tax strategists.

Ken's got his finger on the pulse of what’s really happening behind the scenes with the ATO—and he’s here to share how recent tax changes could hit your hip pocket.

This episode serves as a guide for investors to navigate the challenges of property investment while maximising their wealth.

Takeaways

• The ATO is increasingly using technology for tax compliance.
• Property investors must be aware of recent tax changes.
• State taxes significantly impact property costs.
• Investors often overlook the importance of record-keeping.
• Common mistakes include misclassifying personal expenses as investment-related.
• Strategic advisors can provide valuable insights for property investors.
• Trust structures require careful setup to avoid tax issues.
• Joint ownership can lead to complications in property management.
• Understanding tax compliance is crucial for long-term investment success.
• There is no such thing as 'later' in achieving success.

Chapters

00:00 Navigating the Tax Landscape for Property Investors

01:47 Understanding Recent Tax Changes and Compliance Risks

09:42 Challenges for Property Investors

24:03 Challenges with Family Property

29:20 Investor Mistakes

36:22 Introduction to Property Wealth Strategies

38:01 Michael's Mindset Message

Links and Resources:

Michael Yardney

Get the team at Metropole to help build your personal Strategic Property Plan. Click here and have a chat with us

Ken Raiss, Director of Metropole Wealth Advisory

Get a bundle of eBooks and Reports at www.PodcastBonus.com.au

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