504 | Everything You Should Know Before Turning Your PPOR Into an Investment

The Property Couch

Trevor is seeking a “Tree Change”: To escape out of the city with his family. What are the implications of turning his Principal Place of Residence into an investment property to do so?

Meanwhile, Emma’s got a duplex under a single title. She lives in one unit and has rented the other; is she eligible for Capital Gains Tax exemption?

Clinton wants to know what's the best loan to attach his offset account to: An interest-only or Principal and Interest loan?

Folks, today’s massive Q&A highlights the most significant benefit of Australia’s tax system, the importance of seeking good tax advice (and the implications if not!) and exactly why record-keeping could save you thousands.

Tune in now! 😊

FREE STUFF MENTIONED

• How much is your property earning (or costing) you? Moorr’s newest Property Cashflow Projection Tool is now live! Get a detailed breakdown of money going in and out over the next 12 months, plus the full tax story.
• Resources from Ben’s “What’s Making Property News”:
  • ‘Death clause’ triggers an extra $1.2m for vendor
  • Westpac’s Prestige Property Report
• Leave us a Q for our next Q&A Day!
  Reach out to Bryce on Instagram or through our SpeakPipe. (And get a free Start & Build course if your Q is featured!)
  Psst – also feel free to send us your life hacks, property news, and more!
• Looking to run different scenarios for your future? Book your free initial consultation with our team of Qualified Property Investment Advisors today.

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Kapitler

1. Everything You Should Know Before Turning Your PPOR Into an Investment (00:00:00)

2. Welcome back Bryce!  (00:01:17)

3. How to calculate how much your property is earning or costing you (00:04:13)

4. Mindset Minute: "The Gap between the Life you want and the Life you are living is called....” (00:08:41)

5. Q1) Are we eligible for a Capital Gains Tax exemption? from Emma (00:10:50)

6. The greatest gift of the Australian tax system (00:12:50)

7. Why talk to a tax advisor?  (00:16:51)

8. A $21,250 tax bill & setting the precedence in 2023 (00:18:34)

9. Q2) Where to attach my offset account? From Clinton   (00:23:12)

10. The best place to park your offset is... (00:24:27)

11. Why does your highest cost of debt matter? (00:27:20)

12. Why record-keeping here matters!  (00:28:55)

13. Don’t miss THIS tax advantage! (00:29:31)

14. Q3) How to turn your PPOR into and investment property and move to the country from Trevor (00:30:27)

15. Will it become positively geared? (00:33:15)

16. Ben’s preference in these scenarios (00:34:53)

17. How modelling can make an impact? (00:36:07)

18. Brisbane’s an interesting market because of... (00:37:42)

19. Tax implications & the team to help (00:39:05)

20. At minimum it’ll cost you $40 to $50G... (00:41:20)

21. Lifehack: Take a _____ overseas! (And don’t leave your card in the safe 😉) (00:44:29)

22. WMPN: Always read the terms and contracts & Westpac’s Prestige Property Report: Which investor gets the best tax concessions? (00:54:54)

23. A letter from Alex from Episode 399! (01:04:21)