How Australians Can Pay ZERO Taxes Legally? Australian Real Estate | Property Investing Australia

If the government actually taxed gas, mining companies, and investment property. We wouldn't need to pay any income tax and need to find the loopholes the rich use.

A couple of points to add.
1) You can claim the property as your principle place of residence for more than 6 years as long as you don't rent it out for more than 6 years. EG: You can move out for 12 years and during that time rented it for only 5 years (other 7 years your parents lived there) and still claim the 6-year rule.
2) You can move back into your property before the 6 years, then move out again and the 6 years starts all over again.
3) There is no minimum 6 to 12 month 'rule of thumb'. The ATO doesn't work with 'rule of thumb" laws. As long as you have 'lived' in the property, the rule will apply.

You can deduct travel expenses... Heres how:
Have a trust that owns a company that owns the property. That company then leases/hires a car for you to use to travel to the property to inspect. That is an expense for the company. Making it tax deductible.

It's criminal that we accept having to pay any tax for property that we own.

There's another way you can avoid GCT. If you shift between residences and change your PPOR to new one, you have 6 months to sell the old PPOR. Both are treated as a PPOR during this 6 month transition period.

What about the rent you paid for 5 years? Potentially paying 250k in rent to save 20k in tax? Am I not seeing something

Reducing your tax liability is a smart financial move. It's all about strategic investments and leveraging tax-saving opportunities. I've seen significant benefits by diversifying my portfolio and taking advantage of tax-efficient investment vehicles. It's not about avoiding taxes, but rather optimizing them to maximize your wealth. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made**

yeah i think its the time server your on that is the region, so currency exchange and the exchange rate is a funny thing

Downside of the 1st point is that you're spending 5 years of rent on the Sunshine Coast, to build equity in your PPOR within 6 years, to sell it. So your PPOR value is going up, but you're burning that gains money on rent. All this effort for a loss, or a small win. 6 years of rent is at least 120k in most places. More likely to be 150k+. You need that PPOR to zoom up at least 200k in 5-6 years for it to be a noticeable win, after sale costs. It's possible, sure. But that's just to zero out on the rent you've spent. May as well go with a different plan tbh.

Can you find me the law , what page of what book , that says you need to pay tax in the first place ?

great video

Wouldn’t the Sunny Coast property become your principal place of residence while you’re renting it?

valuation for existing property question, do you do it just before you are going to turn it into a IP, or once you contact agent to lease it out? What about if you move in with your girlfriend and she’s owns a property which isn’t under your name? . Also do I have to contact bank to change loans to IP loan? Thanks

Owner occupier rules👍

would it be possible to use this method and use a interest only term during the first 12 months?

If you keep buying and selling homes every 12 months and 1 day and sell for profit and don’t have another day job is it a CGT event upon sale ?

Rule of thumb 6 to 12 months stay in the main residence.

Is the info in the uploaded video still valid for ALL Aussie states?

Excuse my ignorance. When talking about landlord tax deductions. By ‘fully deductible’ do you mean you will get 100% back from the tax office or just a percentage?

this is the highest tax in the world robert Kiyosaki said Hawaii is the same 5 p interest to the agent for rental management 6p to 8 p bank loan and these prices theirs no advantage and land rates up and up shares for me now