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504 | Everything You Should Know Before Turning Your PPOR Into an Investment
Manage episode 430637902 series 1468316
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”:
- 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.
LISTEN TO THE FIRST 20 EPISODES HERE >>
MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 Web platform: https://www.moorr.com.au/
FREE MASTERCLASS:
- How to Build a Property Portfolio and Retire on $2,000 a week >>
FREE BEST-SELLING BOOKS:
- The Armchair Guide to Property Investing
- Make Money Simple Again
FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube
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)
689 episoder
Manage episode 430637902 series 1468316
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”:
- 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.
LISTEN TO THE FIRST 20 EPISODES HERE >>
MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 Web platform: https://www.moorr.com.au/
FREE MASTERCLASS:
- How to Build a Property Portfolio and Retire on $2,000 a week >>
FREE BEST-SELLING BOOKS:
- The Armchair Guide to Property Investing
- Make Money Simple Again
FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube
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)
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