Sep 08 2022 35 mins
Friday 9h Septmeber 2022
Jacob Field and Mike Mortlock discuss tax depreciation which happened to produce more gold than any interview Mike has ever had prior :)
Chapters:
0:00 - Introduction
1:00 - Mike’s Thousand Assets Studies
4:05 - Explaining Tax Depreciation
5:05 - What is the Average Deduction Value?
6:40 - Emerging Data Trends
8:30 - Why are investors moving towards houses and established dwellings?
10:24 - Investing just to save Tax
15:38 - Can you depreciate established assets in the same way you can depreciate new homes
19:48 - When an investor ceases to be an investor
23:57 - Detailing Back Claims
26:11 - Don’t pay more than you need in Tax discussion
28:25 - High End Renovations
30:36 - The stupidity behind buying property for tax benefits
33:30 - Mike explains costs involved of depreciation reports and the potential return
34:40 - Mike’s contact details
MCG Quantity Surveyors:
👉 https://www.mcgqs.com.au/
Geared for Growth Podcast:
👉 https://gearedforgrowth.com.au/
Mike's Facebook:
👉 https://www.facebook.com/mike.mortlock.3