Podcast Ep07: Unlocking The Hidden Riches In Real Estate (…And Making Tax Fun!) with Mike Mortlock

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The legislation of tax depreciation is our topic for today. Does that make you want to switch this podcast off immediately? We wouldn’t blame you, but this is definitely a conversation you’ll want to stick around for. It’s no secret that not a lot of people get super excited about tax and depreciation, but if you take the time to get to know the facts, the benefits can be absolutely huge. There are a lot of misconceptions around what you can and can’t depreciate as a property investor, and on a recent live session within the Dashdot Facebook Group, Goose chats to Mike Mortlock to uncover just how fun tax can really be. It’s all well and good to get cashflow, and growth but what we’re here to talk about today is how to get even more out of everything that you’ve got.

Mike Mortlock is the director and co-founder of MCG Quantity Surveyors. Mike describes himself as a “construction cost estimating accountant hybrid”, which is quite the mouthful of a title. More traditionally we can say that Mike is an industry leader in tax depreciation. He has worked as an expert depreciation consultant with a number of major firms such as McDonalds, CMC Markets, Deloitte, PwC and more. He has completed thousands of depreciation schedules for commercial and residential property and is in demand as a public speaker and property commentator having been featured in Australian Property Investor, Smart Property Investor, Property Observer, Sky Business and other print and radio publications. As a specialist in tax depreciation, Mike has a wealth of knowledge and a passion for maximising depreciation entitlements.

Questions We Cover:

  • What is depreciation
  • What is a depreciation schedule?
  • Is depreciation only worthwhile in new rather than older properties?
  • Is it true that you can’t depreciate a house built before 1985?
  • How does it work for renovations?
  • What about renovations I didn’t do?
  • What can I claim depreciation on?
  • What is the difference between Prime Cost and Diminishing Value methods of Depreciation? And what does that mean?
  • What is the difference between plant and equipment and the building write off allowance?
  • How does having a TDS affect CGT?
  • How does this help me at tax time?
  • How much extra money can I get?


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