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Julia’s Answers on Ep 226 & 228

By in Free Resources

So you’ve checked out Episode 226 on Capital Gains Tax 101 & Episode 228 on Ownership Structure and Buying in a Trust and thought to yourself…

Oh my god! This is next level!

Well, we thought the same too folks. And like you, tax can sometimes make us confused and overwhelmed. As Ben mentioned on the podcast, if we lay the printed copy of the Australian Taxation Law side by side, we can probably reach the moon! #TrueStory

Anyway, that is we always refer to an investment savvy tax accountant when it comes to matters like this and please note that Julia’s answers is general in nature and should not be relied on to make any investment decision.

Now, with that in mind, go ahead and download the report! We’ve included additional link to some of her blogs and resources as well. Just fill in the form below to get access.

You wouldn’t regret it. 

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p.s. We’ve got heaps of other Free Resources on the site! Make sure to check them all out here.

 

227 | Exposed: “Dodgy Data” Driving Labor’s Negative Gearing Policy

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Folks, let’s just say… it’s been a week!!!

You know that exclusive story we shared with you in last week episode?? Well, it’s, ahh, hit the headlines… BIG TIME!

Don’t know what we’re talking about? Here’s a Quick Recap…

Ben was listening to Chris Bowen (Shadow Treasurer of the Labor Party) on ABC’s Insiders: The Interview. Bold Statement made. Rather bold in fact (Listen to ABC’s audio here). Chris Bowen quotes that 96% of properties negatively geared are Established Properties. Ben nearly “loses his cornflakes”. Where had Labor got their data from???

Fast forward to today and not only do we know that the ABS data Labor used to model their negative gearing policy is, in fact, WRONG… but also Ben’s done a bit of behind-the-scenes leg work to expose the real data.

The result? You’ll find out EVERYTHING in today’s episode! But we WILL say this… our world exclusive has made front page news on the Financial Review and Chris Bowen himself has mentioned a certain “mortgage broker” (aka ol’ mate Kingsley) in an address yesterday.

Watch the National Press Club clip here on ABC iview here.

 

Hence, we’ve decided to push Julia’s “Part 2” property tax episode back a week because we think this breaking news is SERIOUSLY IMPORTANT for you folks!

Before we get into it, we do want to add that we are NOT questioning the methodology of the PBO and other expert economists responsible for the modelling work here — far from it. What we’re saying is the data they had access to was simply wrong. And without Labor approaching any of our industry experts prior to pushing the pedal on their modelling, the figures they’ve been telling the general public are, and have always been, misinformed. And this, to be frank, can have quite dangerous consequences for the property market.

Here’s what you’re about to learn….

Read Financial Review’s Articles:

ALP’s Negative Gearing Policy Based on ‘Dodgy Data’

Negative Gearing Savings Overstated By Up to $8b

Bowen Revises Negative Gearing Numbers

Other resources mentioned in this podcast…

Check out Ben’s Analysis on the Negative Gearing Data here.

Become a member of PICA — only $5 for a year OR $20 for 5 years

PICA is coming to BRISBANE next Wednesday — 18th April 2019 — with key note speaker, Cameron Kusher from CoreLogic. Register here.

Two new charts are now available on the Platform! Make sure to check them out today here! 🙂

Win one of Turia Pitt’s books below! — Find out more

Significant Urban Area (SUA) Tracker Report | April 2019

By in Free Resources

12 months ago, we released our first-ever Significant Urban Area Tracker report on our location research platform, LocationScore.com.au!

And the response was amazing! There is still much to be done but to celebrate this milestone, we’ve decided to share our most recent SUA Tracker with The Property Couch community!

So fill in the form below to download the Report now to get access to it now.

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p.s. If you have any feedback or if there is a particular data that you would like to see included in this report, please let us know! Send in your feedback to [email protected].

p.p.s: AND we’ve got heaps of other Free Resources on the site! Make sure to check them all out here.

226 | Capital Gains Tax 101 with Julia Hartman – Everything You Need to Know About Property Tax (PART 1)

By in Podcast, Q&A

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Property Tax… let’s have a real conversation about it folks!

Because if we’re being honest— even with 40-odd years of industry know-how between us (and an accounting degree wedged in there as well) — there’s still a bit of property tax knowledge we could use too.

And if you’ve listened to us for a while now, you’ll also know that, when it comes to tax, we’re only allowed to talk about “Statements of Fact” — as we’re not qualified to give advice in this area.

So it’s GREAT NEWS that today’s guest is absolutely, well and truly, qualified to dish out the Capital Gains Tax, Depreciation Benefits, Trusts, Ownership Structures and ALL of the property tax perks & pitfalls!! In fact she’s SO qualified and willing to share what she knows, that we stole a couple of hours of her time to deliver you TWO EPISODES – today, clearing being Part One.  😉 

Who’s our epic guest?

Oh, “just” The #1 Property Tax Expert in Australia… Julia Hartman!!!

To give you an idea of the calibre of skill set we’re working with here — Julia is the Founder of BAN TACS, a co-operative of Accountants, which has been helping thousands of Australian’s navigate the world of tax since 1992!! She has a Bachelor of Business and is a Chartered Accountant (CA), Certified Public Accountant (CPA) and a Registered Tax Agent.

Ben’s also been admiring her work since “way back in the day” when she first began writing tax articles for Australian Property Investor Magazine, sharing the insights that a lot of property investors out there simply don’t know about.

PLUS, because we knew she was coming, we threw it out there for our listener’s to ask us their most pressing Tax Q’s they have — and Julie’s going to answer plenty of these today and next week.

Today’s round… Capital Gains Tax!!

But, of course, we also had quite the week, including….

  • Federal Budget ANNOUNCEMENT on Tuesday night (2nd April 2019)
  • DATE FOR NEGATIVE GEARING — 1st January 2020
  • RBA Cash Rate Announcement for April
  • Comments on Negative Gearing from Chris Bowen, Shadow Treasurer of the Labor Party, on ABC’s Insiders: The Interview (Listen to ABC’s audio here)
  • And Ben is in Canberra to present at the Housing Panel!!!

… SO we’re going to tackle these guys at the START of the show.

And of course, the Resources mentioned in this episode are:

Today’s Capital Gains Tax (CGT) Questions:

|42:38| Question from Joshua:

If I have purchased a block of land but choose to on sell it prior to settlement, but the new purchaser’s don’t settle, would I be taxed on the 10% deposit the new purchaser pays in the event that they don’t follow through with the sale, leaving me to settle on the land?|

 

|44:13| Question from Brendan:

What is the threshold between claiming all renovations/maintenance in one year, vs having to stagger it over “X” years?

|48:50| Question from John:

If 5 family members own 1 investment property, can the income be all directed to 1 person or must it be 20% each?

|50:34| Question from Alisdair:

Hypothetical question. I have a PPR and I decide to build an extension and use it to rent out, Airbnb or lease to a tenant. Is the deductible percentage based on square metres only? Any other considerations that should be made, such as a common garage? Will the build be able to be depreciated as a capital works deduction? When I sell my PPR, it won’t be without CGT, will it only the same square meterage that is subject to CGT? The answer to these questions makes it clear if it is a worthwhile proposition.

|58:16| Question from Andrew:

When selling an investment property, how does the depreciation you have claimed on the investment property affect how your capital gains tax is calculated?

|1:01:47| Question from James:

Are Stamp Duty and Capital Gains Tax affected for first home buyers when purchasing a property for the purpose of investment vs owner-occupied?  Also, if the property is initially purchased as an owner-occupied property but later turned in to an investment property what is the tax outcome of this both throughout the life of property ownership and when the property is sold (further down the track).

|1:03:37| Question from Karen:

If I move out of my PPOR and turn it into an investment, then sell it after 6 years, how is CGT calculated?

|1:06:27| Question from Josh:

Can I claim any ongoing CGT discounts if I move and rent out my PPOR if I move into a rental myself?

|1:08:09| Question from John:

I will be looking at losing close to $80k on an investment property I have held onto for 12 years. Just wondering how long I can carry this capital loss over for? And how the whole offset process works…. (ie would a $80k profit in the future completely be offset against this loss?)

|1:10:25| Question from Richard:

I recently tried to work out how to calculate Capital Gains Tax that I would pay on an investment property but the ATO’s website made it very hard to do this. Is it just a straight 50% of the profit made OR does it matter how long you hold the property OR does the profit then go into your yearly income and the percentage is worked out that way?

RBA April 2019 Announcement – Are you prepared for what’s to come?

By in Podcast, RBA Announcement

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Folks, we’ve got a very FULL week ahead of us!

Firstly, it’s the first Tuesday of the month which means the RBA Board has met and announced the official cash rate.

And tonight at 7:30 PM (AEDT) is Budget Night! We’ll be hearing from Treasurer Josh Frydenberg and many are expecting some cash splurge. As indicated by the recent economic data, we need some good old stimulus in the economy.

This is then followed by a reply by the Labor party on Thursday! Do they agree? Do they not? Not to mention the recent shocking news that the Labor party released regarding their proposed Negative Gearing policy.

All this and more in Ben’s RBA commentaries. PLUS he’ll walk you through the global and domestic economy and give you his cash rate predictions for 2019! Make sure to tune in folks! 🙂

 

 

 

 

DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.

The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.

For more information, please visit: http://thepropertycouch.com.au

 

 

Bonusisode – Are You Money Fit?

By in Free Resources, Podcast

Yes, it’s finally here!!

After weeks of teasing, we’re finally ready to release this to you!
Have you ever wondered how are you performing? If you’re doing good, bad or ok compared to your peers?

Well, the wait is now over!

Our Money Fit segment is available on the Platform right this moment and is built with that sole purpose in mind.

We’ve decided to launch with the Annual Surplus Cashflow chart but there will many more charts and filters to come so stay tuned!

What are you waiting for?

Log in to the Platform now!  >> https://tpc.moneysmarts.com.au/

 

 

 

 

225 | Breaking News with Dr Shane Oliver – Are We in Store for a Global Recession?

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Folks, we have a very special guest on today … Dr Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital!! (Ben was a bit giddy, ha!)

So, if you’re keen to hear the latest economic news across the property AND stock market, or you want the intel on how the cogs of the economy run … then you’d best hit play on this one!

To give you an idea, Shane Oliver is responsible for determining AMP Capital’s investment strategy and asset allocation and also provides economic forecasts and analysis to the asset class portfolio managers. And chances are, you’ve seen his face somewhere in the news because Shane is also a regular media commentator on major economic and investment market issues and has been with AMP for over 30 years!

And he’s not just an expert on this stuff, he’s also excellent at breaking down complex economic updates into simplified, bite-sized pieces!

Oh, and as mentioned on today’s show, he’s often providing live updates on Twitter, so if you’re keen to get his economic insights his twitter handle is @ShaneOliverAMP

 

Other resources mentioned in today’s show…

(And, don’t forget… CLICK HERE to Find Out About our AFL Competition – Epic Prizes!)

 

So… What are you in for?

 

 

224 | Turia Pitt – From Burned Alive to Investing in Grit, Triumph and Property

By in Podcast

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Folks, it’s likely that today’s guest — Turia Pitt — needs little or no introduction!

Chances are, her name’s familiar to you… and that’s because Turia became a household name when, at 24, her life was turned upside down when she became trapped in a grass fire while competing in a 100km ultramarathon.

And not only did she manage to SURVIVE the severe burns to 65% of her body… she’s also gone on to absolutely THRIVE in an ultimate story of triumph!

Indeed, Turia has well and truly beaten the odds and is inspiring others all over the country to never lose sight of their goals, dreams or who they are with her 7-step coaching course, School of Champions – a guide to getting unstuck, ditching your excuses, overcoming all kinds of barriers and making things happen. Plus, she’s gone on to deliver some truly brilliant speeches across the globe and is the author of several books, including the newly released The Good Selfie as well as Unmasked and Everything to Live For.

On top of that, she’s also an ambassador for Interplast Australia & New Zealand and to date, has helped raise almost $1 million dollars in donations and $3 million dollars in awareness. Her humanitarian doesn’t stop there, Turia has also been busy working on Haapii, a foundation with the overall aim of providing kids in developing countries with the best educational resources possible!

So, yep… she’s a VERY inspiring lady indeed!

And obviously, we’ve got her on for a few reasons…

  1. Her story is jaw-dropping
  2. Her mindset tips break the Richter scale — (next level lessons to help you here!)

But there’s something else you might not know about Turia…

  1. … She’s also a property investor!


Before we kick off Turia’s mindset hacks, personal story and property investment journey…

 

Just a quick shout out that WE’VE CREATED AN AFL FOOTY TIPPING COMPETITION! And we have some EPIC PRIZES up for grabs!!!

Yes, we know not all our listener folk are fond of our AFL banter… BUT we’ve created an exclusive The Property Couch League for those who want to compete with us this season.

1st Prize….  A tailored Property Portfolio Plan (Value: $4,950)

2nd Prize… A next-step Property Plan (Value: $2,970)

3rd Prize… An Hour Chat with Us (Value: At least $1.20… surely??)

CLICK HERE to Join the Footy Tipping Competition & Get the Chance to Win!

 

And here’s what you can learn from Turia Pitt…

 

Want to learn more about Turia? Follow her on Insta!

 

 

Bonusisode | Our own AFL Footy tipping team and epic prizes for grabs!

By in Podcast

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It’s the first day of the season and we’ve got a Footy competition this year folks!

For all the AFL lovers out there, we would like to include you in our intense and engaging footy banter!! And for all the non-AFL fans we thought we’ll spare you from all the footy talks this year. 😉

So here’s the perfect platform to mingle with everyone that likes to talk footy. And of course, what’s the point of a footy tipping if there are no prizes to be won?

Here’s what we have to offer at the end!

  • 1st – A FREE Property Portfolio Plan (Valued at $4,950)
  • 2nd – A FREE Property Plan (Valued at $2,970)
  • 3rd – An hour chat with us! (Valued at least $1.20!)

First game starts at 7:25 pm tonight (21 March 2019)! So join in quick and good luck!

Here’s the link: www.thepropertycouch.com.au/AFL

 

p.s. If you missed a couple of days, that’s ok! If you don’t tip, you still get the away teams! 🙂

 

*Terms and conditions apply. For more information, please contact us at [email protected]

 

223 | Q&A – How to Overcome your Fear/Uncertainty in Taking The Next Step

By in Podcast, Q&A

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Folks, feeling a bit scared to take that necessary “leap of faith” on the property market?

If you do, it’s not your fault. In fact… it’s actually pretty normal!!

So, we’ve taken a leaf out of last week’s episode where we answered some of your questions on the BIGGEST CHALLENGES you’re having in a market downturn…and we’re going to dive in on the fear and uncertainty piece! Because a little bit of fear is normal… but if it gets in the way of you and your future, it becomes a BIG, BIG problem.

To help you out, today we’ve got SIX Lessons for you (straight off the bat) as well as a whole bunch of listener concerns we’re going to unpack so you know the best way forward to make the leap, stay the course, handle the Government changes, hold down the fort, invest in a market downturn and much, much more!

 

Before we give you the specifics, just a quick shout out that we have an Encore Webinar happening TOMORROW, Friday 15th @ 2PM, 12th March 2019!!

CLICK HERE to Register – How to Build a Property Portfolio in a Market Downturn and Retire on $2K Per Week

 

Also, ONLY ONE WEEK LEFT to Get 20% DISCOUNT on SELL or HOLD

Use this discount code: TPC20

 

Today’s Lecture Notes…

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