Should I Ever Develop My PPOR?

Are you familiar with the concept of PPOR (Principal Place Of Residence)? This topic is not new but it always requires considerations and strategies to be implemented. In this episode, our hosts discuss PPOR in details while explaining what are the considerations and strategies that are mandatory. They emphasized on the importance of tax planning and consulting with an accountant to understand the tax implications of developing a PPOR.  So, there are strategies like the develop and hold strategy, where homeowners add value to their property and rent out additional units. Then, another one is the develop and sell strategy, which involves selling the property after development. These strategies require margin scheme and capital gains while tax implications are imposed. We cannot deny the benefits of joint venture partnerships when PPOR is in the picture but one of the tough part is the taxation, so it is advised that without wasting time or experimenting, one should opt for professional advice from tax expert along with a thorough and deep feasibility analysis. Check out this latest episode of our podcast to learn all about PPOR and decide whether it the right choice for you or not!  Episode Highlights:  00:00 Welcome to Help Me Buy Property Podcast 06:09 Develop and Hold Strategy 12:19 Margin Scheme Basics 19:14 Favorite Development Strategies 25:22 Profit Sharing in Joint Ventures  Resources: Visit the Investor Partner Group website: https://helpmebuy.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.