126 | Q & A-ccounting with Frank Azzopardi—Tax Deduction, Capital Gains Tax, Land Tax and Aussie Expats

Alright, folks! It’s Q & “Accounting” time! Yep, on the couch today we’re talking all things tax! Here to help us wade through the grey area is Frank Azzopardi from our friends at YK Partners. If the name sounds familiar, it’s because Frank joined us back in Episode 48!

So, we’ve received a couch-load of questions about tax lately, and quite a few of you have these questions because you’ve “temporarily departed” overseas—you’re Aussie Expats working in another country, but investing in properties back here. And as you know, this can be quite the pickle for tax purposes!

Trying not to number-crunch the neurotransmitters in your brain, here are what B1 & B2 + Frank discuss:

• Is there a tax-free threshold when you live overseas?
• What is a Double Tax Agreement and what does it mean for you?
• How does foreign tax credit work?
• How do you offset tax losses?
• Tax Talking, What’s the difference between a PPOR and an IP?
• Can you claim tax on Lender's Mortgage Insurance?
• What really constitutes “Repair” or “Capital Improvement”?
• Can you negatively gear a property as an expat?
• What is the “6-Year Rule” of Capital Gains Tax?
• Can you avoid Capital Gains Tax?
• What’s the risk of the loan in two people’s names (joint ventures)?
• What’s the tax cut for your kids when they inherit your property?

Some of the helpful resources mentioned today are:

• Income Tax Rates – Find out more here
• What are Tax Treaties or Double Tax Agreements (DTA)? – Find out more here
• LocationScore Research Tool – Explore it here
• Episode 1 of Season 2 with RealEstate.com.au –

LISTEN TO THE FIRST 20 EPISODES HERE >>

MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 Web platform: https://www.moorr.com.au/

FREE MASTERCLASS:
- How to Build a Property Portfolio and Retire on $2,000 a week >>

FREE BEST-SELLING BOOKS:
- The Armchair Guide to Property Investing
- Make Money Simple Again

FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube