542 | The Overlooked CGT Timebomb Hidden in Joint Tenancy - Chat with Julia Hartman

The Property Couch

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26d ago 1:11:47

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As tax season looms, we’re bringing back Australia’s #1 property tax expert, Julia Hartman, to help you understand the nuanced world of property tax.

Julia is the Chief Technical Tax Adviser here at Empower Wealth and the founder of BAN TACS, a cooperative of tax professionals that’s been helping Aussies navigate the world of property tax since 1992.

This week’s episode is all about how to avoid accidentally handing thousands over to the taxman.

Here’s what we unpack:
✅ Debt Recycling: Can you legally turn non-deductible debt into deductible debt?
✅ Joint Tenants Do NOT Technically Inherit: The critical difference between joint tenants and tenants in common.
✅ Victoria’s $50K Land Tax Grab: Who’s caught in the net, and can you avoid it?

From legislative shake-ups to understanding the grey areas in tax-deduction strategies, this is a jam-packed episode for property investors and homeowners alike. Tune in now!

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Chapters

1. 542 | The Overlooked CGT Timebomb Hidden in Joint Tenancy - Chat with Julia Hartman (00:00:00)

2. In the shadows of tax time... (00:01:15)

3. The $20K instant asset write-off (00:03:23)

4. Exciting upcoming guests; stay tuned! (00:04:08)

5. We’re on the hunt for Buyers Agents! (00:06:51)

6. Bryce’s 50th: Give the gift of sight for $100 😮 (00:08:05)

7. Mindset Minute: “Success is something you attract, not something you pursue” (00:08:28)

8. Welcome Julia! (00:11:08)

9. Topic #1: Debt Recycling (00:12:10)

10. What is debt recycling? (00:13:13)

11. Understanding dominant purpose (00:14:59)

12. The Harts Case & Part 4A as the Government’s secret weapon (00:16:37)

13. The Grey Area: Debt recycling with Principle & Interest vs. Interest Only loans (00:20:17)

14. The #3 Definitions of Debt Recycling (00:24:52)

15. “You can’t owe yourself money”: How folks lose deductible interest on their deposit (00:29:01)

16. Topic 2: Joint Tenants Do NOT Technically Inherit, here’s why! (00:32:12)

17. Joint tenants vs. Tenants in common (00:34:18)

18. Julia's ideal plan (00:35:45)

19. Is it right? Couples carrying forward their partners CGT debt (00:36:53)

20. The Catch: Changing from joint tenants to tenants in common (00:39:15)

21. THIS is why Tax planning is essential... (00:42:26)

22. Nuanced Examples: The 6-Year Rule, can stepchildren challenge the rule and more! (00:43:16)

23. Topic 3: Victorian Land Tax Grab – The $50K Trap (00:47:49)

24. The ATO tripwire & data matching (00:51:50)

25. What triggers this tax? (00:53:54)

26. Is it possible to avoid this? CGT, Small business concessions & moving your home businesses (00:57:20)

27. What a fantastic fireside chat with Julia! (00:59:54)

28. Life by design hack: Don’t ask you child what they want to be when they grow up. Ask these 5 Qs instead! (01:01:45)

29. WMPN: What do US’ tariffs mean for Australia's economy? (01:04:16)

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