Tax Strategies For Investment Property: When investing in property, there are countless tax write-offs that you can legally use. In a recent video, I break down 5 of my favourites!
In the video, I explain how to use the top tax strategies for investment property. If you own property, or want to save on your tax bill, make sure to watch the full video until the end.
You can watch the video at the top of this page, or on YouTube! If you watch it on YouTube, drop me a comment letting me know what you learnt about taxes from the video.
In this article, I will give you 5 powerful tax strategies for investment property! This is designed to get you thinking about taxes just like the super rich do!
I am not a tax professional, and nothing here is tax advice. This information has been simplified, and in any event, may not be relevant to your individual situation. It is a starting point for a conversation with your accountant. Seek professional advice before taking any action.
I want as many people as possible thinking about how to save on their taxes! The rich know how to do this, and often keep this information to themselves. I want ordinary people to learn these skills so they can keep more of their own money!
I want this blog post to reach the people who need to see it the most, but I need your help to do it! Please share this article on your social media pages! This will help this blog post get into the hands of more people, and help them to save a lot of money!
Thank you to every person who shares our blog posts, as it allows us to help more people reach their financial freedom goals!
1. Tax Strategies For Investment Property: Buy Property Via A Limited Company!
When you buy a property in your personal name, you can’t deduct the mortgage interest from your taxes. However, if you buy via a limited company, you can!
You can also mitigate your taxes via legitimate business expenses, and employing your family members (provided they actually work on the business).
2. Tax Strategies For Investment Property: Buy The Company Not The Property!
If you are buying a property that is already in a limited company, it may make sense to buy the company rather than the property. This has a significantly lower stamp duty rate of about 0.5%!
3. Tax Strategies For Investment Property: Buying Commercial Property!
There are a number of potential tax benefits of buying commercial property. For example, Capital Allowances which may let you claim certain fixtures and fittings as tax-deductible.
4. Tax Strategies For Investment Property: Defer The Purchase!
You can defer the purchase of a property, thereby deferring the taxes as well! An example of this is lease option agreements. Lease option agreements allow you to take control of a property now, with the option to buy it at a later date!
5. Tax Strategies For Investment Property: Buy, Borrow, Die!
As your properties go up in value, borrow against them rather than sell! You can then use that money to buy more property, and do the same thing! If you structure things correctly, it is possible that your children won’t have to pay inheritance tax either.
Tax Strategies For Investment Property: Make The Money First!
Now you know the top tax strategies for investment property. However, before you start worrying about taxes, you need to make the money in the first place! Luckily, I can teach you! Join me at my next introductory online training event!
We have different online trainings throughout the year, each teaching different things. Here is a sample of what you could learn on one of our online introductory webinars:
-
The SECRETS to becoming a successful property investor​​​​​​​
     Get immediate and actionable insights to accelerate your property investment journey.
-
How to LEVERAGE other people's money to get started​​​​​​​
     Begin to understand the strategies to use to reduce the barriers to getting started.
-
How to FIND fantastic property opportunities
     Understand where property professionals source the best deals.
-
How to RECYCLE your money again and again
     Don't just do it once, repeat the process to build your property portfolio.
Property investing is not just for the rich! Learn the strategies that thousands of people have used to not only start investing, but become financially free! Tickets are free, so book your property training webinar now. If you are ready to take action, I hope to see you very soon!
