Want to learn how our proven wealth-building strategies can help you create lasting financial security? Book a FREE consultation today: https://subscribepage.io/BookAConsult ----In this episode, we have Tuan Duong, Principal Quantity Surveyor and founder of Duo Tax, Australia’s most reviewed and highly-rated quantity surveying firm, helping thousands of investors maximise their tax deductions with affordable, ATO-compliant depreciation schedules.Tuan talks about the surprising mistake that cost one investor $80,000 before settlement, how depreciation can boost your cash flow without spending a cent, and the biggest myth that’s stopping investors from claiming tens of thousands in tax deductions.He also discusses how to legally claim depreciation on renovations (even those done by previous owners), the strategic use of "scrapping" to accelerate deductions, and why a simple call to a quantity surveyor could uncover years of missed savings.If you want to avoid costly investment missteps and learn how to turn your property’s wear and tear into serious tax savings, then make sure to listen to this episode!-----SHOW NOTES LINKShttps://duotax.com.au/ https://www.facebook.com/duotax/ https://www.instagram.com/duotaxqs/ https://au.linkedin.com/in/duoquantitysurveyors https://www.youtube.com/@DuoTaxhttps://www.tiktok.com/@duo_tax -----LISTEN TO THE PODCASTSpotify: https://spoti.fi/3qJL8w4 Apple Podcast: https://apple.co/3QPF3ch Amazon Music: https://amzn.to/3YMZjgD Google Podcast: https://bit.ly/3swIVEF -----FIND US HEREFacebook: https://bit.ly/3RsO5Mr LinkedIn: https://bit.ly/3Rs0Qah Instagram: https://bit.ly/46kZvGp TikTok: https://bit.ly/3PSbK7U YouTube: https://bit.ly/3rsKxPG -----CONTACT [email protected]   Client Enquiries: 1300 179 537Careers & Press: 1300 179 537----TIME STAMPS:00:00 Intro01:13 Biggest Financial Mistakes First-Time Property Investors Make07:01 Cashflow Mistakes People Make When Purchasing an Investment Property08:56 Tax Depreciation Schedules and What to Look Out For/Benefits of Tax Depreciation19:11 People That Don’t Have Tax Depreciation; What to Do21:51 Tax Depreciation on Renovation22:59 Tax Depreciation Methods24:02 May 2017 Legislation26:02 Understanding Tax Depreciation Eligibility28:41 Maximising Tax Depreciation31:10 Best Time to Get in Touch With a Quantity Surveyor33:22 Advice for People Looking to Invest a Property38:02 Negative Gearing and Why Investment Property?41:27 Tuan’s One Piece of Advice for Property Investors43:03 Conclusion-----DISCLAIMERThe information provided in this podcast is for general purposes only and should not be con

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