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James Kirby

๐Ÿ‘ค Speaker
2286 total appearances

Appearances Over Time

Podcast Appearances

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

Isn't that right?

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

And so in a way, they've become a marvelous instrument for the tax office of late.

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

Interesting.

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

That draft ruling came out in November 25.

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

So as you say, it's highly likely to become low very soon.

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

So just to turn it around, for the person who plays an Airbnb, we're just simply doing the right thing as a company.

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

reporting everything that they get to the tax office.

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

It just so happens that in doing so, they sort of inform them about the entire sub-economy of Airbnb out there.

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

But for the person who wants to still try and do it, a holiday home as a de facto investment, which they want to rent for most of the year, and they want to use it as well, because the rent will in some way finance the holiday home.

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

Is that still feasible and what's the best way to do it?

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

I want to segue here legitimately to the legitimate issue of repairs.

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

If someone had a holiday home and it was getting...

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

repaired, I suppose you couldn't rent it at the time.

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

I just put that out there.

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

But more to the point on all investment properties, the issue of repairs.

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

Can you just clarify for people and explain to them that how you can claim maintenance repairs, but you can't claim improvements?

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

And I wonder, is there a gray area between the two?

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

But you might tell us.

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

Right side of the law.

The Money Puzzle
How to legally save tax on property investment with Adrian Raftery

Okay, folks, so there you are.