Episode 013: Unlock Tax Savings For Property Investors

Welcome back to the Property Pulse Podcast! In this episode, host Geoff Tomkins sits down with Matt Rutherford, a trusted accountant and property investment expert with years of experience in helping clients navigate the complexities of property investment and taxation. Matt shares his valuable insights on maximizing tax deductions for property investors, including the importance of keeping accurate records and understanding the full range of deductible expenses. Guest Profile: Matt is a seasoned accountant with over 20 years of experience in the industry. Originally from Victoria, he moved to the Gold Coast with his family in the mid-90s. After developing an interest in accounting during his school years, he pursued a Bachelor’s degree in Business/Accounting and began his career in his early 20s. Today, Matt is a director at Diagno accounting, specializing in helping individual clients and small businesses navigate their financial journeys, whether it’s managing personal finances, business growth, or making strategic investment decisions. His focus on building strong client relationships and providing practical, tailored financial advice has made him a trusted resource in the local community. Key Discussion Points: – Tax Benefits & Record-Keeping Tips for New Investors: Geoff and Matt break down essential tax tips for new property investors, including which expenses can be claimed before renting out a property, and why keeping organized records is crucial for maximizing deductions. – The Debate on Negative Gearing & Housing Policies: Matt discusses the ongoing conversations about potential changes to negative gearing and capital gains discounts, exploring how these might impact investors and the rental market during a housing crisis. – Working with Property Managers & Depreciation: Matt discusses the importance of tracking property expenses and working with a property manager, as well as the benefits of obtaining a depreciation report to help investors capture potential deductions. CONNECT WITH GEOFF TOMKINS Website: https://gctproperty.com.au/ Email: [email protected] Phone: 0404 852 781 CONNECT WITH US ON SOCIALS YouTube: https://youtube.com/@geofftomkinsgctproperty?si=5Mx29Lk1oGvQrs33 Facebook: https://www.facebook.com/gctproperty Facebook Group: https://www.facebook.com/groups/southeastqueenslandpropertyinvestmenttips/ Instagram: https://www.instagram.com/gct_property/ LinkedIn: www.linkedin.com/in/geoff-tomkins-a81568209 TikTok: https://www.tiktok.com/@geofftomkins?is_from_webapp=1&sender_device=pc Connect with Matt Rutherford Phone: (07) 5552 1100 Email: [email protected] Web: https://diagno.com.au/ Don’t miss out on future episodes! Subscribe to the Property Pulse Podcast for expert insights on real estate, property investment, and financial planning. General advice warning: This podcast provides general information and does not consider your specific needs or circumstances. Please evaluate your own financial situation and consult a financial advisor before making financial decisions.