Welcome to Smashed Avo property, today is the second of a new mini-series that I’m calling “Tips from the Experts”, my plan for this series is talk to industry professionals who have a wide range of experience, see the best and worst-case scenarios and help us make better-informed decisions when it comes to property investing.
It’s all well a good to hear success stories from our generation, but because property is such a long term game, it’s also very important to hear from the experts, they have been around for a little while longer, watched multiple property cycles roll out, and give us some insights on what types of assets have performed consistently over time.
Today I have the pleasure of speaking with Mike Mortlock who is the managing director at MCG Quantity Surveyors, or as he likes to pronounce it, a tax legislation nerd.
Mike has helped thousands of property investors maximize their tax deductions and the cash-flow of their investments, and he talks to us about why tax depreciation is so important, how to organize a depreciation schedule and some changes that might have a serious impact on the industry.
There was some absolute gold in this podcast, for me specifically, it was coming to the realization that tax depreciation is the next best thing to interest rate reductions to increase the cash flow on your property.
If you want to hear more from Mike, he hosts his own podcast Geared for Growth and is also a regular commentator on the Australian Financial Review, Australian property investor & realestate.com, finally, you can also contact him directly through his company MCG Quantity Surveyors.
DISCLAIMER: No Financial, Property Buying, Legal, Taxation or Accounting Advice
The Listener, Reader or Viewer acknowledges and agrees that:
Any information provided by me is provided as general information and for general information purposes only;
I have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information;
I must not and have not provided legal, financial, property buying, accounting 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, accounting and property buying;
The information may not be suitable or applicable to the Listener, Reader or Viewer's individual circumstances;
I 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.
Comentarios