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542 | The Overlooked CGT Timebomb Hidden in Joint Tenancy – Chat with Julia Hartman

By in Podcast, Property Investment

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As tax season looms, we’re bringing back Australia’s #1 property tax expert, Julia Hartman, to help you understand the nuanced world of joint tenancy, debt recycling, and more! 

Julia is the Chief Technical Tax Adviser here at Empower Wealth and the founder of BAN TACS, a cooperative of tax professionals that’s been helping Aussies navigate the world of property tax since 1992. 

This week’s episode is all about how to avoid accidentally handing thousands over to the taxman. 

Here’s what we unpack: 

✅ Debt Recycling: Can you legally turn non-deductible debt into deductible debt?  

✅ Joint Tenants vs. Tenants in Common: How choosing the wrong ownership structure could trigger a massive Capital Gains Tax bill later! 

✅ Victoria’s $50K Land Tax Grab: Who’s caught in the net, and can you avoid it? 

✅ Dominant Purpose: Understand this concept, and you could legally save thousands 

From legislative shake-ups to understanding the grey areas in tax-deduction strategies, this is a jam-packed episode for property investors and homeowners alike. Tune in now!  

Free Stuff  

  • We’re growing — and we’re looking for passionate Buyers Agents to join our team!
    At Empower Wealth, you’ll work alongside some of the best in the business — helping everyday Australians secure their dream homes, build wealth through property, and move closer to financial peace. If you — or someone you know —  is a dedicated professional who puts people first and is ready to grow with a values-driven team, get in touch at Empower Wealth or via The Property Couch. 
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Timestamps  

  • 0:00 – The Overlooked CGT Timebomb Hidden in Joint Tenancy – Chat with Julia Hartman 
  • 1:15 – In the shadows of tax time…  
  • 3:23 – The $20K instant asset write-off  
  • 4:08 – Exciting upcoming guests; stay tuned!  
  • 6:51 – We’re on the hunt for Buyers Agents!  
  • 8:05 – Bryce’s 50th: Give the gift of sight for $100 😮  
  • 8:28 – Mindset Minute: “Success is something you attract, not something you pursue” 
  • 11:08 – Welcome Julia!  
  • 12:10 – Topic #1: Debt Recycling 
  • 13:13 – What is debt recycling?  
  • 14:59 – Understanding dominant purpose 
  • 16:11 – The Harts Case & Part 4A as the Government’s secret weapon 
  • 19:51 – The Grey Area: Debt recycling with Principal & Interest vs. Interest Only loans 
  • 24:26 – The 3 Definitions of Debt Recycling  
  • 28:11 – “You can’t owe yourself money”: How folks lose deductible interest on their deposit 
  • 31:22 – Topic #2: Joint Tenants do NOT technically inherit, here’s why! 
  • 33:28 – Joint tenants vs. Tenants in common  
  • 34:55 – Julia’s ideal plan 
  • 36:03 – Is it right? Couples carrying forward their partner’s CGT debt  
  • 38:25 – The Catch: Changing from joint tenants to tenants in common 
  • 41:36 – THIS is why tax planning is essential…  
  • 42:26 – Nuanced Examples: The 6-Year Rule, can stepchildren challenge the rule, and more! 
  • 46:59 – Topic #3: Victorian Land Tax Grab – The $50K Trap 
  • 51:00– The ATO tripwire & data matching  
  • 53:04 – What triggers this tax?  
  • 56:30 – Is it possible to avoid this? CGT, small business concessions & moving your home businesses  

And… 

  • 59:04 – What a fantastic fireside chat with Julia!  
  • 1:00:55 – Life by Design hack: Don’t ask your child what they want to be when they grow up. Ask these 5 Qs instead!  
  • 1:03:26 – WMPN: What do US tariffs mean for Australia’s economy?  

 

537 | Is Your Super Enough to Retire On? The Top 5 Finance Questions – Answered!

By in Podcast, Property Investment, Q&A

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Ever Googled a finance or money management question and felt more confused than before?  

We know the feeling! 😨 That’s why, in Ep 537, we’re continuing our series on the internet’s most searched questions, this time homing in on your top finance and money management questions. 

Here’s what we cover…

How Much Super Do You Actually Need to Retire? 💡
We’ll break down exactly how much you need for a comfy retirement—whether that’s $2,000 or $3,000 per week! 

Is a High-Interest Savings Account Worth It? 💸
Discover exactly when a High-Interest Savings Account does and DOESN’T make sense for you. (For mortgage holders, there’s a smarter choice!) 

Does Your Credit Score REALLY Matter in Australia? 📈
Find out precisely how your credit score impacts everything from loan approvals to interest rates—and learn how to boost your score. 

What is Debt Recycling (Is it a smart strategy?)? 🔄
Learn the pros and cons of debt recycling and if it truly can accelerate your mortgage repayment and wealth creation. 

How does Compound Interest Work and Why is it So Powerful? ⏳
How did “interest on interest” make Warren Buffett billions? We’ll reveal how and and explain the fundamental “Rule of 72”.

PLUS, Ben covers the critical rental law reforms in NSW & VIC that investors and renters need to understand in “What’s Making Property News.” Stick around until the end!  

Free Stuff  

  • FREE WEBINAR: How to Retire on $3K a week
    Tuesday 25 March, 7:30pm AEDT
    In this exciting session, we’ll walk you through the strategies and money management set-up you need to achieve this goal. Reserve your seat now! 
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  • Free Book: Make Money Simple Again
    Discover our proven rules-based system that’ll show you how to improve and maintain a healthy credit score—making your financial life simpler!   

 

Timestamps  

  • 0:00 – Is Your Super Enough to Retire On? The Top 5 Finance Questions – Answered! 
  • 2:30 – Footy season is starting… 😉 
  • 3:44 – Join the waitlist for our third book to unlock bonuses 
  • 4:25 – FREE WEBINAR: How to Retire on $3K a Week!  
  • 4:55 – Mindset Minute: “If you did not come from a wealthy family, make sure a wealthy family comes from you!” 
  • 7:09 – Q1) How much super do you need to retire?  
  • 7:47 – What is the Rule of 25?  
  • 11:19 – Why it’s not a question of “if”   
  • 12:46 – The 3 investment strategies  
  • 13:49 – How much wealth do you need?  
  • 15:43 – Our verdict: The investing combination for a comfortable retirement  
  • 19:10 – Q2) Should I get a High Interest Savings Account (HISA)?  
  • 21:30 – Who is it good for?  
  • 22:10 – Your high-interest savings account checklist  
  • 24:05 – If you have a mortgage, THIS is a better set-up…  
  • 25:52 – The options for different scenarios  
  • 28:09 – Q3) Does credit score matter in Australia? 
  • 30:35 – EXPLAINED: How is credit score calculated?  
  • 31:12 – Websites to check your credit score 
  • 32:30 – The red flags which determine your score 
  • 35:05 – How an investment-savvy mortgage broker will make a difference to your credit score 
  • 37:51 – Be warned! Banks don’t like “transient bank users”  
  • 39:13 – How to improve your credit score: Primary accounts, credit limits, and more 
  • 41:09 – Credit score ranges & what they mean 
  • 42:35 – The book that’ll help you maintain a good credit score!  
  • 44:42 – Q4) What is debt recycling?  
  • 46:37 – Are these revolutionary strategies?  
  • 48:18 – Example: You’ve got a $50,000 mortgage  
  • 49:40 – When this strategy works (and when it doesn’t!)   
  • 51:49 – The pros & cons 
  • 53:41 – Q5) How does compound interest work and why is it so powerful? 
  • 54:34 – Why Warren Buffett’s autobiography is called Snowball 
  • 55:28 – Asset selection is still critical!  
  • 56:34 – $10,000 at 7% compound interest: What’s your return?  
  • 58:48 – The Rule of 72  
  • 1:00:31 – Key takeaways  
  • 1:02:05 – Warren Buffett’s wisdom  

And… 

  • 1:04:20 – Lifehack: Distraction or disruption?  
  • 1:08:47 – WMPN:  NSW’s changes to rental laws 

 

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