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Preparing For Property Tax Season (2023 Edition)

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Property and Investing

It’s absolutely possible for an Australian, like you, to have it all. The only limiting factor to success in your success is you! The Property and In 
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EP 027: In this week’s podcast episode, Grant and I are preparing for the 2023 property tax season!

We’re here to help you avoid unwanted mistakes and maximise your tax minimisations.

We’ll be discussing:

- How to find a good accountant

- Why you need to be across your books

- As well as land tax, structures and more!

P.S. How have you prepared for EOFY? You know I love property, so I’m super curious to hear how you are approaching tax. Let us know. 

 

Episode Highlights:

00:00 Welcome to Property and Investing

02:44 Not thinking about property investments as a business

04:27 Strong numbers and data

05:12 Opportunities and benefits of knowing your numbers

06:34 Negative gearing isn't the only strategy to win the tax game

09:19 Tax loss harvesting

14:08 When to speak to your tax accountant

15:36 Forecasting your payable tax for the year

16:52 Going through what my plan and strategy is for the next year

19:05 Best question to ask your mortgage broker and accountant

19:49 Is it time to look for another accountant as a property investor?

22:22 Land tax and changes to structures 

24:14 Importance of structures and setup from a tax perspective

31:00 Why it's more beneficial to have an accountant that's a property investor

31:27 Parking your cash in different offsets

33:42 Property investors need to be across their books and ready for tax season

 

If you enjoyed this episode, be sure to subscribe, tune in and share this podcast! 

 

Resources: 

○ Property and Investing website: https://propertyandinvesting.com/ 

 

Subscribe: 

○ Subscribe on Youtube: https://www.youtube.com/channel/UCr3PTV82iM2way1I_PxpK0g 

○ Subscribe on Apple Podcast: https://podcasts.apple.com/us/podcast/property-and-investing/id1657091001 

 

Connect with Property and Investing: 

○ Join the Property and Investing Community: https://www.facebook.com/groups/propertyandinvesting 

○ Follow us on Facebook: https://www.facebook.com/propertyandinvestingcom 

○ Follow us on Instagram: https://www.instagram.com/propertyandinvesting/

○ Follow us on TikTok: https://www.tiktok.com/@propertyandinvesting

○ Send your enquiries or drop by to say hello: grant@propertyandinvesting.com 

 

DISCLAIMER:

All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

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It’s absolutely possible for an Australian, like you, to have it all. The only limiting factor to su 
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