Australian State Taxes Explained: The Best Property Investment Strategy for Doctors | Ep. 04
Description
Join 26,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors
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In this episode, join me, Dr Bi Mian and Munzurul Khan, Chairman at KHI Partners, as we demystify state-based taxes in Australia and share insider strategies that could save doctor investors thousands in unnecessary tax payments.
We talk about why land tax varies between states (and how to use this to your advantage), the truth about joint property ownership that most doctors don't know, and the hidden opportunities in stamp duty planning that could reduce your tax burden.
We also explore the controversial shift from stamp duty to land tax systems currently being debated, why payroll tax seems to punish business growth (and what to do about it), and the strategic ways doctors can structure their property holdings to maximise tax thresholds.
If you want to master the state tax landscape and make smarter property investment decisions, then make sure to listen to this episode!
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TIME STAMPS:
00:00 - Intro
01:02 - Why Are We Paying At a State & Federal Level?
03:24 - Land Tax
12:37 - Joint Venture & Land Tax Nuances
14:50 - Stamp Duty
25:22 - Payroll Tax
29:44 - Inheritance Tax
33:52 - Conclusion
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SHOW NOTES LINKS
https://doctorbi.com.au/
https://au.linkedin.com/in/mian-bi
https://khipartners.com.au/
https://au.linkedin.com/in/munzurul-khan-7ba6a318
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LISTEN TO THE PODCAST
Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN
Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608
Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast
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FIND US HERE
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
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DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.