How to Legally Claim Up to $10K From the ATO Without Spending a Cent | Ep. 53

Want to learn how our proven wealth-building strategies can help you create lasting financial security? Book a FREE consultation today: https://subscribepage.io/BookAConsult 

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In this episode, we have Tuan Duong, Principal Quantity Surveyor and founder of Duo Tax, Australia’s most reviewed and highly-rated quantity surveying firm, helping thousands of investors maximise their tax deductions with affordable, ATO-compliant depreciation schedules.

Tuan talks about the surprising mistake that cost one investor $80,000 before settlement, how depreciation can boost your cash flow without spending a cent, and the biggest myth that’s stopping investors from claiming tens of thousands in tax deductions.

He also discusses how to legally claim depreciation on renovations (even those done by previous owners), the strategic use of "scrapping" to accelerate deductions, and why a simple call to a quantity surveyor could uncover years of missed savings.

If you want to avoid costly investment missteps and learn how to turn your property’s wear and tear into serious tax savings, then make sure to listen to this episode!

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SHOW NOTES LINKS

https://duotax.com.au/
https://www.facebook.com/duotax/
https://www.instagram.com/duotaxqs/
https://au.linkedin.com/in/duoquantitysurveyors
https://www.youtube.com/@DuoTax
https://www.tiktok.com/@duo_tax 

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LISTEN TO THE PODCAST

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Apple Podcast: https://apple.co/3QPF3ch
Amazon Music: https://amzn.to/3YMZjgD
Google Podcast: https://bit.ly/3swIVEF 

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CONTACT US

hello@rykercapital.com.au   

Client Enquiries: 1300 179 537
Careers & Press: 1300 179 537

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TIME STAMPS:

00:00 Intro
01:13 Biggest Financial Mistakes First-Time Property Investors Make
07:01 Cashflow Mistakes People Make When Purchasing an Investment Property
08:56 Tax Depreciation Schedules and What to Look Out For/Benefits of Tax Depreciation
19:11 People That Don’t Have Tax Depreciation; What to Do
21:51 Tax Depreciation on Renovation
22:59 Tax Depreciation Methods
24:02 May 2017 Legislation
26:02 Understanding Tax Depreciation Eligibility
28:41 Maximising Tax Depreciation
31:10 Best Time to Get in Touch With a Quantity Surveyor
33:22 Advice for People Looking to Invest a Property
38:02 Negative Gearing and Why Investment Property?
41:27 Tuan’s One Piece of Advice for Property Investors
43:03 Conclusion

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DISCLAIMER

The information provided in this podcast is for general purposes only and should not be con

Chapters

• 0:00 Intro
• 1:13 Biggest Financial Mistakes First-Time Property Investors Make
• 7:01 Cashflow Mistakes People Make When Purchasing an Investment Property
• 8:56 Tax Depreciation Schedules and What to Look Out For/Benefits of Tax Depreciation
• 19:11 People That Don’t Have Tax Depreciation; What to Do
• 21:51 Tax Depreciation on Renovation
• 22:59 Tax Depreciation Methods
• 24:02 May 2017 Legislation
• 26:02 Understanding Tax Depreciation Eligibility
• 28:41 Maximising Tax Depreciation
• 31:10 Best Time to Get in Touch With a Quantity Surveyor
• 33:22 Advice for People Looking to Invest a Property
• 38:02 Negative Gearing and Why Investment Property?
• 41:27 Tuan’s One Piece of Advice for Property Investors
• 43:03 Conclusion