Show notes
Friday 9h Septmeber 2022Jacob Field and Mike Mortlock discuss tax depreciation which happened to produce more gold than any interview Mike has ever had prior :)Chapters:0:00 - Introduction1:00 - Mike’s Thousand Assets Studies4:05 - Explaining Tax Depreciation5:05 - What is the Average Deduction Value?6:40 - Emerging Data Trends8:30 - Why are investors moving towards houses and established dwellings?10:24 - Investing just to save Tax15:38 - Can you depreciate established assets in the same way you can depreciate new homes19:48 - When an investor ceases to be an investor23:57 - Detailing Back Claims26:11 - Don’t pay more than you need in Tax discussion28:25 - High End Renovations30:36 - The stupidity behind buying property for tax benefits33:30 - Mike explains costs involved of depreciation reports and the potential return34:40 - Mike’s contact detailsMCG Quantity Surveyors:👉 https://www.mcgqs.com.au/Geared for Growth Podcast:👉 https://gearedforgrowth.com.au/Mike's Facebook:👉 https://www.facebook.com/mike.mortlock.3