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@paradaisohealingcentre9777

2 жыл бұрын

Where can we get the calculator? Also, do you know if I claim tax back via our SMSF for your course? I have been following your approach and really appreciate your humility and your knowledge

@AusPropertyMasteryWithPK

2 жыл бұрын

@@paradaisohealingcentre9777 the duo tax website will have it :) Yes should be, always good to check with your accountant

Started following you today. Very informative discussion with Tuan. Keep up the good work !!

I always listen to you. You are very helpful

Thank you for following this topic up.

@AusPropertyMasteryWithPK

2 жыл бұрын

Pleasure

I understand that in the example discussed, ie Family or Discretionary Trust is deriving and income and the depreciation can offset the "trust income". I am unclear on if the beneficiary's personal tax liability can or also be offset, as well. I understand that this doesn't constitute advice and this is just a discussion around these principles.

This was a great interview.....

@AusPropertyMasteryWithPK

2 жыл бұрын

Cheers

Very informative

Very useful info 👍

@AusPropertyMasteryWithPK

2 жыл бұрын

Thanks

Thats deceptive as depreciation amounts are deducted from capital cost so capital gain tax is paid on lower capital cost as the profit margin will be higher. The depreciation advantage over the life of the item is far less than the capital gains tax savings when its not used as capital cost of property remain high.

@AusPropertyMasteryWithPK

2 жыл бұрын

Deprecations benefit is added to capital gain and tax is paid on that as any other capital gains. Nothing is deceptive, this is what is mentioned, and is implemented by ATO. Often this can be larger than the cashflow benefit depending on the persons tax bracket, simple financial modelling shows this.

good information

@AusPropertyMasteryWithPK

2 жыл бұрын

Thanks!

@nikirahevar7284

2 жыл бұрын

Hi PK I saw your couple of videos since couple of month. Lots of information which help to all of us. I want to speek with you can I have your details?

Excellent video PK. What is the name of the Quantity Surveyor firm please?

@AusPropertyMasteryWithPK

2 жыл бұрын

Duo tax

@chiragpatel1097

2 жыл бұрын

@@AusPropertyMasteryWithPK Thanks PK for the super quick response. 🙏🙏

What if the home is built in 1990 but I bought it in 2031. Does that mean I cannot get any depreciation. What if the home is recently fully renovated. Does that mean we will again get depreciation for again 40 years.

Hey PK, thanks for the content. What's the QSurveyer contact ?

Hi PK, can you claim a depreciation in your own residence?

@martinXY

Жыл бұрын

No.

@f1aziz

Жыл бұрын

Depreciation is an expense on an asset. An asset is something that generates revenue. Your residential property is not an asset. Therefore, no, you cannot claim depreciation on your residence.

That was informative but I couldn’t find any reference to “Paying zero tax legally”

Please get a good accountant interview as well

@AusPropertyMasteryWithPK

2 жыл бұрын

We have one!

😊

Pk you are glorifying the depreciation. But the fact is any depreciation you claim reduces the capital value and when you sell the property you pay capital gains tax on a very reduced capital price which makes your capital gains tax due is much higher as the value of the property is much higher in the years to come and the capital gains tax just keeps getting better. So its not wise to get depreciation on small capital values.

@AusPropertyMasteryWithPK

Жыл бұрын

Yeah, watch this: kzread.info/dash/bejne/rKd9wdSvZbKWg84.html