Small Business All Figured Out

007. Tax Bite: What is Negative Gearing and How Does It Work?

February 23, 2020 Corinne Cole & Sheryl Cole Episode 7
Small Business All Figured Out
007. Tax Bite: What is Negative Gearing and How Does It Work?
Chapters
Small Business All Figured Out
007. Tax Bite: What is Negative Gearing and How Does It Work?
Feb 23, 2020 Episode 7
Corinne Cole & Sheryl Cole

Welcome to Small Business All Figured Out - The Tax Bite Edition

These Tax Bites are created for you, the individual taxpayer, to give you tax tips and tools to help you prepare for Tax Time 2020 in Australia. This Tax Bite Edition is hosted by Registered Tax Agents and CPA’s Sheryl Cole and Corinne Cole.

Special Tax Bite episodes will be happening in the lead up to tax time 2020 to help you prepare for tax time and get the inside scoop as to what you can and can’t claim on tax and what documentation you need to ensure your claim holds up in an ATO audit.

In this episode, we’re talking about Negative Gearing. We will help you to understand what it is and how it works.

In this Tax Bite, we talk about:

  • What the term ‘Gearing’ means and the 3 types of Gearing - Negative, Positive and Neutral
  • Explain how Negative Gearing of a rental property works and how it saves you tax
  • Is it better to Negatively Gear or Positively Gear an investment property;
  • What Depreciation is and how it’s calculated
  • How you can access the cash flow benefits of negative gearing during the year instead of waiting until tax time


You can learn more about the show hosts, Corinne Cole and Sheryl Cole at:

platinumaccounting.com.au

thenumberninjas.com.au

If you would like a Rental Property Checklist to help you get ready for tax time 2020, you can download a copy at https://www.platinumaccounting.com.au/forms/ 



Show Notes

Welcome to Small Business All Figured Out - The Tax Bite Edition

These Tax Bites are created for you, the individual taxpayer, to give you tax tips and tools to help you prepare for Tax Time 2020 in Australia. This Tax Bite Edition is hosted by Registered Tax Agents and CPA’s Sheryl Cole and Corinne Cole.

Special Tax Bite episodes will be happening in the lead up to tax time 2020 to help you prepare for tax time and get the inside scoop as to what you can and can’t claim on tax and what documentation you need to ensure your claim holds up in an ATO audit.

In this episode, we’re talking about Negative Gearing. We will help you to understand what it is and how it works.

In this Tax Bite, we talk about:

  • What the term ‘Gearing’ means and the 3 types of Gearing - Negative, Positive and Neutral
  • Explain how Negative Gearing of a rental property works and how it saves you tax
  • Is it better to Negatively Gear or Positively Gear an investment property;
  • What Depreciation is and how it’s calculated
  • How you can access the cash flow benefits of negative gearing during the year instead of waiting until tax time


You can learn more about the show hosts, Corinne Cole and Sheryl Cole at:

platinumaccounting.com.au

thenumberninjas.com.au

If you would like a Rental Property Checklist to help you get ready for tax time 2020, you can download a copy at https://www.platinumaccounting.com.au/forms/