Episode 006 | - Tax Depreciation Explained

Friday 9h Septmeber 2022

Jacob Field and Mike Mortlock discuss tax depreciation which happened to produce more gold than any interview Mike has ever had prior :)

Chapters:
0:00 - Introduction
1:00 - Mike’s Thousand Assets Studies
4:05 - Explaining Tax Depreciation
5:05 - What is the Average Deduction Value?
6:40 - Emerging Data Trends
8:30 - Why are investors moving towards houses and established dwellings?
10:24 - Investing just to save Tax
15:38 - Can you depreciate established assets in the same way you can depreciate new homes
19:48 - When an investor ceases to be an investor
23:57 - Detailing Back Claims
26:11 - Don’t pay more than you need in Tax discussion
28:25 - High End Renovations
30:36 - The stupidity behind buying property for tax benefits
33:30 - Mike explains costs involved of depreciation reports and the potential return
34:40 - Mike’s contact details

MCG Quantity Surveyors:
👉 https://www.mcgqs.com.au/

Geared for Growth Podcast:
👉 https://gearedforgrowth.com.au/

Mike's Facebook:
👉 https://www.facebook.com/mike.mortlock.3