Top 6 Tips to Boost Your Bottom Line at Tax Time with Ashwin Ramdas
Episode description
Today, we're excited to have accounting expert Ashwin Ramdas from Eventum Group on the show to share his top tips for maximizing rental property returns over this next financial year. With rising costs for interest rates, insurance, and maintenance, its essential to minimise the tax you pay. Ashwin stresses proactive strategies and preventive measures to make significant savings.
We'll discuss key tips like claiming deductions for insurance, maintenance, and management fees, along with the importance of organized record-keeping and effective communication with your property manager and accountant.
Learn how strategies like depreciation, prepaying expenses, and understanding property structures can boost your bottom line.
Let’s go inside!
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- For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)
Episode Highlights:
- Intro [00:00]
- Tax Planning and Claiming Rental Property Expenses [02:30]
- Property Tax Deductions and Depreciation Reports [05:03]
- Tax Strategies for Property Investors, Including Depreciation, Pre-paying Expenses, and Borrowing Costs. [09:18]
- Using Trusts for Property Investment With Potential Pros and Cons. [13:51]
- Tax Planning for Property Investments, Including Entity Structure and Negative Gearing. [18:53]
- Tax Planning Strategies for Capital Gains and Super Contributions. [23:16]
- Property Investment Strategies and Tax Planning for Business Owners and Individuals. [28:03]
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About the Guest:
Ashwin Ramdas, based in Burswood, Western Australia, Australia, is currently a Owner and Managing Director at Eventum Consulting, bringing experience from previous roles at Central Institute of Technology, Attwell Partners, Barrack and Associates and Gooding Pervan. Ashwin Ramdas holds a 2008 - 2008 Curtin University. With a robust skill set that includes Consulting, Public Speaking, Accounting, Teaching, Tax and more, Ashwin Ramdas contributes valuable insights to the industry.
Connect with Ashwin:
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