X
The Property Couch Logo

Free Report: Tax Implications of Building a Duplex

By in Case Study, Free Resources

Folks, we are a biased group of people.

There you go, we said it.

What do we mean by that?

Well, if you have been listening to the past 300+ episodes, you would know that we lean towards passive investment more than active investment. Hence why we say we are bias.

But that does not mean we do not share helpful and educational tips on active investments! In fact, because we know we are no qualified experts in active investments or tax for that matter, we always get the best in the industry to help unpack the nitty-gritty.

And this time it’s no different!

In Episode 386 | BEWARE Tax Traps! How to rebuild or repair after a natural disaster, we asked Julia to enlighten us on what are the tax considerations when it comes to Building a Duplex. As usual, being the detailed-oriented professional that she is, Julia has also helped us create this downloadable to help our community understand this topic a little bit more.

So what are you waiting for?

Let’s get started! Simply fill in the form below and we’ll email the PDF to your inbox 😊


  • This field is for validation purposes and should be left unchanged.

 

p.s. To help you understand it a little bit more, make sure to tune in to Episode 386 | BEWARE Tax Traps! How to rebuild or repair after a natural disaster – Chat with Julia Hartman. Fast forward to the 36 minute mark and you’ll get to play along at home. 

 

 

 

 

 

 

 

 

 

 

 

 

Free Report: Tax Traps to Avoid If Your Property Was Damaged in the Fires or Floods

By in Case Study, Free Resources

There’s no doubt that we are seeing an increasing amount of natural disasters… from unstoppable flash floods to raging bush fires.

And it’s always devastating when your property is damaged by fires or floods, be it your home or investment.

Unfortunately, it’ll never be an easy fix either as it can range from significant repairs to a complete rebuild. Needless to say, the financial and emotional consequences are hard to bear. What’s worse, sometimes when you’re on your way to recovery and decide to rebuild your property, you get hit by a big fat tax bill 😨

So to help raise awareness of this tax debacle, Bryce, Ben and Julia unpacked all the key details in Episode 386 | BEWARE Tax Traps! How to rebuild or repair after a natural disaster. The best part is… Julia has also helped create a free report to help provide more clarity!

So what are you waiting for?

Let’s get started! Simply fill in the form below and we’ll email the PDF to your inbox 😊


  • This field is for validation purposes and should be left unchanged.

 

p.s. If you are affected emotionally, please do not hesitate to reach out for help. That’s the first step to recovery.

Here are some useful links that might help you take that step:

 

 

 

 

 

 

 

 

 

 

 

 

 

386 | BEWARE Tax Traps! How to rebuild or repair after a natural disaster – Chat with Julia Hartman

By in Free Resources, Podcast

To celebrate the beginning of the festive (tax) season, we’re welcoming back a special guest…. 

It’s the only and only…Julia Hartman!!!!  

And this week she’s sharing with us how to repair or rebuild your house if it was damaged by a natural disaster (Like a fire or flood) … 

Without paying tax through your eyeballs!!!  

She’ll cover all bases from why it’s paramount that you move back into your house as soon as it’s been fixed (trust us, it’ll save you a heck of a lot of tax…listen in to find out what we mean!) 

To what you should do if you’ve been living overseas when your property was damaged!  

But we’re not just covering that of course, Julia’s got far too much knowledge just waiting to be shared! 

We’re also looking at all the recent changes to tax rates and how you can be prepared for them this tax season… 

Plus – we unpack all things Duplex like…  

What’s the optimal way to create a battle-axe duplex (and not lose any or all of your benefits to GST or CGT!!), 

Why you should keep records of everything from lawnmower fuel to maintenance costs,  

And basically, in the wise words of Bryce, how you can “Make apple pie with apples” folks!!  

But we’ll give you a little spoiler first…before embarking on EITHER of these renovations, it’s critical that you speak to a tax advisor who specialises in property. 

We can NOT stress this enough – there are so many fine details in the process and rather than giving yourself a headache, or worse, kicking yourself later for paying unnecessary tax, it’s best to seek advice first!! 

Now that we’ve got that triple highlighted, tune in to today’s episode folks! It can seriously save you a lot of stress later down the track. 

 

Free Stuff Mentioned 

 

Here’s some of the gold we cover… 

  • 1:52 – Don’t miss the next PICA webinar with Peter Koulizos!!  
  • 2:51 – Remember to stop and smell the roses folks…  
  • 6:35 – Welcome back Juliaaaa! (She’s a LEGEND!)  
  • 8:00 – What should you do if your home or investment property was damaged by fires or floods?  
  • 11:48 – Do I need a property depreciation expert? (PLUS, listen to this part for a silver lining)  
  • 14:47 – Why you shouldn’t accept cash payouts for rebuilding!  
  • 16:34 – The importance of intention and using the principal place of residence exemption   
  • 18:20 – What happens if I choose to sell? (And tax implications) 
  • 21:55 – Use a M___ Scheme to reduce your CGT!  
  • 24:28 – Case study with Julia’s client 
  • 28:57 – Living overseas? Listen to this part!  
  • 33:16 – Let’s RECAP! (Want more details? Read the FREE report in our show notes)  
  • 36:00 – Building a Duplex: What to consider when demolishing your home!  
  • 39:38 – Why having the INTENTION to use it as a duplex has a lot of upsides  
  • 42:47 – The ideal battle-axe duplex situation is… 
  • 44:10 – Julia’s advice on Buying and Demolishing vs. Renting  
  • 53:30 – Changes to the Tax Rates: Why we think you should claim your deductions NEXT financial year!  
  • 55:54 – Ben’s prediction for the future… 
  • 58:50 – Keep it simple folks, share the CGT!  

And… 

 

Would you like help in setting up your Money SMARTS?

By in Free Resources

We’re ready to help! 👋

Building on from Bryce and Ben’s post summer series message on the podcast, we are thrilled you want to learn more about how we might be able to help get you started with our MoneySMARTS money management system in 2022.

You’re not alone, in recent years we have received a growing number of enquiries coming in about getting ‘human’ help to set up Money SMARTS the right way from day one, which is amazing, but we didn’t have anyone who could help until now. And based on the feedback we got after telling them to just rely on the book and use the free online MoneySMARTS tool, there was always a risk, they will instead pass on using this amazing time saving and life changing system due to their lack of confidence in getting started in the first place.

So… fast forward to 2022 and we’ve listened to the feedback and we’ve decided to launch a new hands on Money SMARTS Set Up service for people just like you.

Ben Kingsley himself, along with Joel Burton, one of our in-house Money SMARTS guru, will be leading this new initiative, so you will be in good hands. They are planning to run a few free 15 minute information sessions in February & March to outline what’s involved and what you will get as part of this service.  They will also answer any questions you might have, so you can make an informed decision if this set up service is right for you in getting you started with the MoneySMARTS money management system.

If you’re interested, leave your details below and we will be in touch shortly.

  • Do you already have an existing account on MyWealth Portal?
  • This field is for validation purposes and should be left unchanged.

TPC Summer Series 2021/22 has landed!!

By in Case Study, Free Resources

Do you know what it’s like growing up where money is scarce?
Do you know what it’s like to be stung by a spruiker?
Do you know what it’s like to recover from PTSD?
Do you know what it’s like to be a single parent?
Do you know what it’s like to own up to your mistakes and change? 

 

Maybe you do or you don’t but why does it even matter?  

That’s because…. 

The first episode of our Summer Series is OUT today folks!! 

And that means… we’re showcasing REAL LIFE MONEY TRANFSORMATIONS all throughout this summer season! 

This is our 4th year of Summer Series and we get very very excited each time because not only do we get to chat directly with our listeners, we get to learn so much from their life transformation. From the adversity that life threw at them, the mistakes that they’ve made, the perseverance that they’ve shown, the tenacity to be better and just so much more.  

Their story is so insightful and motivating that we’re certain that you would definitely learn at least one gold from each of them. 

And this year is no different. 

Here are all the episode folks!
(Note: if you click on it and the link is not available, that’s because the episode is not out yet 😉)

 

P.S. And of course, don’t forget to download our free e-book at https://makemoneysimpleagain.com.au/

p.p.s. And if you’re a visual person and like to see a snapshot of your financial position, then make sure to create your free account in our Money SMARTS Platform or fill in the form below and get started now!

Already have an account? Log in here.

 

 

 

 

 

Instagram

Free Resources

What to be notified when there are
new updates & free resources?

  • This field is for validation purposes and should be left unchanged.

© The Property Couch. All Rights Reserved | Terms & Conditions | Privacy | Who Designed This Website?

×

MONEY SMARTS SYSTEM

  • The Best Money Management System Ever!
  • Worrying About Money is a Thing of the Past
  • Don’t “Unconsciously” Overspend Ever Again

Plus We Will Also Notify You When We Release New Episodes

We Only Send You Awesome Stuff

×

SUGGEST A GUEST!

We Only Send You Awesome Stuff

×