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Show Notes
Ever been to a BBQ where someone told you about a unique tax strategy and you're left wondering why your accountant never mentioned this before? It might be claiming a luxury car as a tax deduction or becoming a tax resident of a tax haven like Vanuatu to avoid paying income tax.
We sit down with an accountant to run through a range of "is this possible" scenarios from claiming travel costs on investment properties to determining whether you can claim pet food as a tax deduction for your dog if they can double as a guard dog. We get to the bottom of many interesting tax myths and either debunk them or confirm their legitimacy.
In this episode we cover:
- Someone told me I could claim this on tax, can I?
- End of financial year tax tips
- How to pick an accountant that's right for you
Located on Sydney's Central Coast, accountant Timothy Ricardo joins Wealth contributor James Gerrard of FinancialAdvisor.com.au
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