Kym Nitschke the ‘jack of all trade’ regales the team on the exciting trials and tribulations of an accountant on the quest to discover the best ways to structure property portfolios. Kym is the CEO of Nitschke Nancarrow Accountants which has over 1200 business and individual clients, he is a qualified financial advisor, chartered accountant and is a licensed builder. Kym highlights the impact of capital gains tax and how to make the most of it, and gets personal with what he has seen that his plethora of clients have gotten wrong and of course what he has done wrong; lots to learn from an experienced advisor and investor.

Here’s what we covered:
How does capital gains tax work?
What happens to your capital gains tax if you move into it after renting it out?
How to minimize tax on renting your home on holidays?
Should you buy a holiday home?
Can you get CGT exemption if you upgrade and move into a new home?
How to maximise your CGT exemption with the help of the 6 year rule
How to best structure your property portfolio
What are the best strategies with buying an investment property
What are the benefits of owning property in a trust

RELEVANT EPISODES:Episode 136 | Owen RaskiewicsEpisode 119 | Chris BatesEpisode 116 | Alison Lacey

GUEST LINKS:https://nitschkenancarrow.com.au/Your Investment Property: PPOR and the six year rule

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan

Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au

Send in your questions to: questions@theelephantintheroom.com.au

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in October, 2020.

Kym Nitschke the ‘jack of all trade’ regales the team on the exciting trials and tribulations of an accountant on the quest to discover the best ways to structure property portfolios. Kym is the CEO of Nitschke Nancarrow Accountants which has over 1200 business and individual clients, he is a qualified financial advisor, chartered accountant and is a licensed builder. Kym highlights the impact of capital gains tax and how to make the most of it, and gets personal with what he has seen that his plethora of clients have gotten wrong and of course what he has done wrong; lots to learn from an experienced advisor and investor. Here’s what we covered: <ul> <li style="font-weight: 400;">How does capital gains tax work?</li> <li style="font-weight: 400;">What happens to your capital gains tax if you move into it after renting it out?</li> <li style="font-weight: 400;">How to minimize tax on renting your home on holidays?</li> <li style="font-weight: 400;">Should you buy a holiday home?</li> <li style="font-weight: 400;">Can you get CGT exemption if you upgrade and move into a new home?</li> <li style="font-weight: 400;">How to maximise your CGT exemption with the help of the 6 year rule</li> <li style="font-weight: 400;">How to best structure your property portfolio</li> <li style="font-weight: 400;">What are the best strategies with buying an investment property</li> <li style="font-weight: 400;">What are the benefits of owning property in a trust</li> </ul> RELEVANT EPISODES:<a href="https://www.theelephantintheroom.com.au/podcasts/136" target="_blank" rel="noopener">Episode 136 | Owen Raskiewics</a> <a href="https://www.theelephantintheroom.com.au/podcasts/119" target="_blank" rel="noopener">Episode 119 | Chris Bates</a> <a href="https://www.theelephantintheroom.com.au/podcasts/116" target="_blank" rel="noopener">Episode 116 | Alison Lacey</a> GUEST LINKS:<a href="https://nitschkenancarrow.com.au/">https://nitschkenancarrow.com.au/</a> <a href="https://nitschkenancarrow.com.au/your-investment-property-ppor-and-the-six-year-rule/" target="_blank" rel="noopener">Your Investment Property: PPOR and the six year rule</a> HOST LINKS:Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au" target="_blank" rel="noopener">www.gooddeeds.com.au</a> Work with Veronica: <a href="https://linktr.ee/veronicamorgan" target="_blank" rel="noopener">https://linktr.ee/veronicamorgan</a> Looking for a Mortgage Broker? <a href="https://www.wealthful.com.au/" target="_blank" rel="noopener">www.wealthful.com.au</a> Work with Chris: <a href="mailto:hello@wealthful.com.au">hello@wealthful.com.au</a> Send in your questions to: <a href="mailto:questions@theelephantintheroom.com.au" target="_blank" rel="noopener">questions@theelephantintheroom.com.au</a> EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded in October, 2020.

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

The Elephant In The Room Property Podcast | Inside Australian Real Estate

Own or planning to purchase property? Which way have you set up your structure?

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