Tax Loopholes & Laws All Property Investors Should Know?



Do you ever catch yourself thinking about the intricacies of tax laws and what exactly you should know?


Lucky for you, today's episode is with a renowned tax attorney who's also the founder of Cadena Legal, Harry Dell!


Harry highlights the potential implications of not properly managing tax obligations, especially in relation to property investments...

Understanding tax laws for compliance is essential for all individuals, especially for property investors who are looking to minimise their tax obligations within the boundaries of the law.

Tax laws can be complex and confusing, but having a basic understanding of the differences between tax minimisation, tax avoidance, and tax evasion can help individuals navigate the system effectively.

So make sure you have surrounded yourself with highly skilled professionals you trust to help you better understand what your situation is in terms of taxes.

It's important for individuals to understand that while tax minimisation is encouraged and legal, engaging in aggressive tax avoidance schemes or tax evasion can have serious consequences.

Stay informed about tax laws and tune in to this episode today!



CHAPTERS:
00:00 Introduction to Tax Laws
05:30 Differentiating Tax Avoidance, Tax Evasion, and Tax Minimisation
13:52 Discussion on Trusts and Section 100A
25:54 Questions to Ask Your Accountant for Property Investing
33:54 Explanation of 353 Notices and ATO Actions
36:02 ATO Focus on FirstHome Buyer Grants
39:44 State Revenue Audits and Case Example
41:00 State Revenue Audits and Penalties
50:00 Importance of Reliable Advisors for Property Investments
58:00 Discussion on Tax Laws and Compliance
01:07:00 Impact of Legal Mistakes on Financial Obligations




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