In Australia, the government provides generous tax incentives to property investors, which allows them to claim both a loss and depreciation on building, fixtures & fittings against their personal income providing significant tax benefits to that investor.
By doing this, investors not only reduce their tax and increase their income they also allow their personal wealth to grow through their investment portfolio. For many working families, couples and singles, this is a win-win that has created financial security that otherwise would not have been possible.
Zero Tax Millionaires
Figures released by the Australian Tax Office for the 2011-2012 tax year show that 680 Tax Payers earning more than $200,000 per annum, PAID ZERO TAX.
Seventy-five of them earned more than $1,000,000.00 with an average of $2.6 Million Each and every one paid Zero Tax.
When a person on $75,000.00 pays more tax than a person on $2,500,000.00 and the Government talks about lower taxes you need to ask Who For?Book into our Free Webinar on Tax Minimisation