How do 90% of Investors Lock Their Property Portfolio for 5 years and be in the Bad Books of the Tax Office

When it comes to property investment, the accountants and property advisors go hand in hand. For instance, when it is about taxes; the accountant is the first person that comes to our minds and same goes for property investment advisor when it comes to important financial decision. In this latest episode, Sohail Merchant made a come up to discuss property investment and taxes. He and Moxin Reza emphasized on the importance of working with a property investment advisor and an accountant to make informed decisions about buying, managing, and selling properties. During the discussion, the difference between a normal accountant, who focuses on tax minimization strategies, and a property accountant, who helps optimize tax and ensure compliance with tax laws was also explained in details. The conversation covered vast topics like negative gearing, the six-year rule for principal place of residence and renting, and the potential pitfalls of buying house and land packages along with the role of mortgage brokers in relation to accountants and the importance of managing taxes efficiently. Click on the link below to download Australian Bestseller “A Millennial’s Guide to Property Investing” now! https://www.amazon.com.au/dp/B0CRF48GGR Episode Highlights: 00:00 Welcome to Helpmebuy Property Podcast 04:57 The Role of a Property Investment Advisor and an Accountant 13:13 Collaboration Between Mortgage Brokers and Accountants 23:10 The Potential Pitfalls of Buying House and Land Packages 27:23 Conclusion and Final Advice Resources: Visit the Investor Partner Group website: https://investorpartner.com.au/ Join us on our FREE Facebook Group: https://www.facebook.com/groups/helpmebuyau You can also connect with us on https://www.linkedin.com/company/77080688. For more podcast episodes, subscribe to our Youtube Channel at https://www.youtube.com/@moxinreza. Keep smiling, be kind, and continue investing. Peace out! Hosted on Acast. See acast.com/privacy for more information.