If you’re new to property investing and still working out all the basics or if you have 1 or 2 modestly valued properties, you may have never even heard of land tax. Land tax is a state based tax that is issued by each state government to property investors that own land as an investment with a land value above a state based threshold. Why should you know anything about this potentially dry and non exciting subject? Because understanding this correctly can be the difference between paying the government a massive tax bill or keeping that money in your pocket. This episode we talk with CPA Economist and property investor Gavin Swan about:
– What is land tax – How you can minimise it
– What is in your control right now to start planning your portfolio in a way that could possibly avoid it altogether.
We going to be doing this by using 2 hypothetical investors ‘Jane’ & ‘John’. Both Jane and John hold the same portfolio in almost every way but one (check out the facebook page for Jane & John’s details).https://www.facebook.com/2111096335696398/posts/2785516481587710/ Jane owns property in different states and John owns only in QLD. This episode is going to be more fun than you think and could potentially save you from paying massive amounts of tax in the future. Find out more about Gavin Swan: http://www.absoluteaccountingservices.com.au/our-team
Join me “Todd Sloan” each week, as I dig deep into the lives and experiences of a different industry leader each week to bring you the best property content in the country.
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