Investing For Doctors Podcast
Welcome to the Investing For Doctors podcast. Here we talk about personal finances, investing, wealth creation, accounting, and personal development that will aid you in your life journey as a doctor.
Please note that the information provided in this podcast is for educational and entertainment purposes only. The content should not be considered as financial advice and your personal situations have not been taken into account. Before making any financial decisions, we strongly recommend consulting with the relevant professional(s).
Investing For Doctors Podcast
The Hidden Tax Deductions Doctors Are MISSING | Ep. 17
Join 27,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors
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In this episode, we sit down with Tuan Duong, an expert in tax depreciation and the Founder of Duo Tax, to uncover the tax deductions that many property investors overlook. Tuan shares his insights on how investors can maximise their returns by leveraging depreciation schedules, the impact of renovations on tax benefits, and the role of quantity surveyors in identifying valuable deductions.
With access to cutting-edge technology like RP Data and CoreLogic, professionals like Tuan can assess properties on the spot, ensuring investors get the deductions they’re entitled to—sometimes amounting to thousands of dollars.
He also explains how Duo Tax conducts due diligence before clients commit to any payments, giving them confidence in their investment decisions.
If you own an investment property or plan to, this episode is a must-listen! You could be leaving money on the table without even realising it.
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SHOW NOTES LINKS
https://www.linkedin.com/in/duoquantitysurveyors/
https://www.instagram.com/duotaxqs/
https://www.facebook.com/duotax
https://www.tiktok.com/@duo_tax
https://ifdgroup.com.au/duotax
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LISTEN TO THE PODCAST
Spotify: https://spoti.fi/3FoBRAy
Apple Podcast: https://apple.co/4iks50N
Amazon Music: https://amzn.to/3DoyJnP
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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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TIME STAMPS
00:00 – Intro
01:15 – What is property tax depreciation?
02:52 – How much can investors claim?
04:37 – Common mistakes investors make
06:22 – How to check if your property qualifies
08:05 – The role of a tax depreciation specialist
09:58 – The importance of due diligence
11:45 – Using technology for instant tax assessments
13:10 – Why Doctors should act now
14:25 – How Duo Tax ensures accuracy
17:30 – Why due diligence matters before you pay
19:10 – Understanding tax deductions over time
20:45 – How Doctors can make informed decisions
22:12 – The power of modern technology in tax assessments
23:40 – The responsibility of a registered tax agent
25:05 – Why depreciation schedules matter
27:15 – New vs. old properties
29:30 – How much does a depreciation report cost?
31:10 – Tax depreciation myths busted
33:05 – The impact of renovations
35:20 – Commercial vs. residential properties
37:15 – Why some accountants overlook depreciation
39:05 – How often should you update your depreciation schedule?
41:00 – What happens if you don’t claim?
43:15 – Key takeaways
44:50 – Outro
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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.
