The Second Pillar
A key part of building financial independence is to own the roof over our heads. In Australia this is part of our national psyche.
On one hand, the home is one of the few assets that can be sold without attracting Capital Gains Tax. On the other hand, interest is not tax-deductible, which makes it a very expensive investment. But, there are ways of claiming interest, depreciation, rates, insurance and repairs against your taxable income. Depending on your circumstances you could be thousands of dollars ahead.
Let us discuss the options and determine what arrangement is best in your case.
Please feel welcome to contact Byron Factor to discuss how the Four Pillars can help transform your wealth position on 07 3369 8544.