Tax, Investment Property & Knowing Your Numbers – Scott Greer

Tax, investment property, and everything in between. This episode with Scott Greer, director of MKG Partners, discusses the numbers that you need to know to see success in your property investment journey. It might not be pretty, but it’s vital you get it right.

Chapters

00:50 – Why people pay more tax than they need to
01:49 – The tax system is complex barbecue advice is dangerous
03:08 – General disclaimer please see your own professional
03:18 – Different tax types for investment property
04:13 – Flipping vs. Investing why the tax rules are completely different
05:30 – Stamp duty the cost people forget
06:00 – The CGT 50% discount when it applies and when it doesn’t
09:00 – Negative gearing explained simply
15:00 – Land tax – what triggers it and how it works
20:00 – GST and property development – when it applies
25:00 – Depreciation – construction costs and useful life
33:40 – Will negative gearing ever be abolished?
36:14 – The $10K question

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