Sydney Property Insider Podcast

We are thrilled to have Jared Pearson, a partner at Mitchell & Partners, with us this week for an introduction to the world of tax deductions and negative gearing. HERE’S WHAT YOU’LL LEARN FROM TODAY’S EPISODE:   The accounting services that Mitchell & Partners specialises in; Why interest is tax deductible, yet principal repayments are not; What capital costs and expense costs are, and differences between the two; Other tax deductions available that investors can offset rental income against; When travel expenses were removed as a deduction for most investors; Depreciation and depreciation schedules for fixtures and structural items; AirBnB as a source of revenue for owner/occupiers; How the ATO determines whether you are making genuine attempts to find a tenant; Negative gearing, and how it isn’t the only thing or first thing to go for when determining property; The difference between offset accounts and redraw facilities in the ATO’s eyes; And Much more     SPEAKERS IN TODAY’S EPISODE   Marcus R