Hidden Traps in Tax Depreciation for Unsuspecting Rentvestors

In this episode, we expose the worst mistakes rentvestors make
when it comes to tax depreciation, the pitfalls to avoid at all
costs, and dispel common myths surrounding this complex topic.


While the concept of tax depreciation may look like an
uninteresting and dull subject, it is anything but that
especially for rentvestors looking to maximise their returns.


Joining us today is Mike Mortlock - Managing Director at MCG
Quantity Surveyors, who brings with him a wealth of experience to
shine some light on the subject. The complexity of property
assessments, the nuances of tax laws, Mike imparts insights that
are not just based on theory but on years of actual experience
and real life application.


For you to really pursue rentvesting, it’s essential to have
knowledge about tax effective strategies. So don't miss out on
this opportunity to learn from one of the industry's best. Let’s
dive in!


Episode Highlights:


00:00 - Introduction


02:22 - Who is Mike Mortlock?


03:16 - What does a quantity surveyor do?


05:26 - Most common Mike gets asked as an expert in tax
depreciation


07:34 - The hidden dangers of overvaluing tax deductions in
property investments


12:53 - Mike’s definition of tax depreciation, how its used and
some of the pros and cons


16:34 - Two main components of tax depreciation


19:38 - What first time buyers should know about maximising
depreciation


23:24 - Is it true that only brand new properties qualify for
depreciation claims?


26:25 - The role of quantity surveyors in real estate investment


29:31 - How do quantity surveyors aid in accurate property
insurance coverage?


34:37 - How to tell if your capital works forecast is based on
real inspection or a calculator?


37:34 - What is one thing Mike wishes he knew as a first time
buyer?


About Our Guest:


Mike Mortlock is the Managing Director of MCG
Quantity Surveryors and is an industry leader in tax
depreciation. Mike has worked as an expert depreciation
consultant with a number of major firms such as McDonalds,
Canberra Airport, Hilton Hotels, Stockland and more. He has
completed thousands of depreciation schedules for commercial and
residential property and is in demand as a public speaker. Mike
is regularly featured in the Australian Financial Review, Real
Estate.com, in Australian Property Investor 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. It is this passion that results in outstanding
results for MCG's clients. Outside of work Mike is a keen
musician and an elite amateur triathlete, having represented
Australia.


Connect with Mike Mortlock:


LinkedIn https://www.linkedin.com/in/mortlockmike/

Website https://www.mcgqs.com.au/

Instagram https://www.instagram.com/mike.mortlock/



Resources:



FREE TRAINING: How to make an educated
decision so you buy your first home with the right amount of
debt https://homebuyeracademy.com.au/webinar

Visit our website https://www.homebuyeracademy.com.au/

Learn how to buy property without making a mistake with our
10-step online course for first time home buyers
https://homebuyeracademy.com.au/YFHBG

If you have any questions or would like to be featured on our
show, contact us at: Your First Home Buyer Guide Podcast
support@homebuyeracademy.com.au

Looking for a Sydney Buyers Agent?
https://www.gooddeeds.com.au

Work with Veronica: https://www.veronicamorgan.com.au

Looking for a Brisbane Buyers Agent?
https://www.propertypursuit.com.au/

Work with Meighan: https://www.linkedin.com/in/meighanwells/



If you enjoyed today’s podcast, don’t forget to subscribe, rate,
and share the show! There’s more to come, so we hope to have you
along with us on this journey!


Subscribe on YouTube:
https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast

Subscribe on Apple Podcasts:
https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825

Subscribe on Spotify:
https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f



See omnystudio.com/listener for privacy information.