Which Tax Pill do you want to swallow?

So yes, we are gonna do an episode all about tax.

Uh, mainly three taxes that we're gonna focus to today.

Now, the, the reason that this episode has come up, uh, we are getting inundated now with emails.

This time of the year, um, a lot of our clients that use a, a portal or a, a platform that we often recommend will have just received an email to say, uh, "Your tax report for the last financial year is now available." A lot of these clients, uh, if they are new investors or have not used to doing their own tax return, don't really know the difference between the, the different tax structures and different tax methods, and have they changed from last year, and has a new government made a new rule? So we're just gonna get super clear on, uh, on, uh, investment tax.

Three different types of, uh, investment tax that are, are pretty important to have your head around what they actually mean and, uh, a- and how you can apply that to your own situation.

Or you could hire an accountant.

Or, yes.

Or a, a lot of people choose that their time is better spent elsewhere and offset it to an accountant.

Just thought I'd throw that out there.

Yeah.

I just feel like I'm the one that does that, and you don't.

You actually do all yours yourself.

I've got an accounting degree.

[laughs] Okay.

Okay.

Sorry, I forgot you're a chartered accountant.

[laughs]

Yes.

Yes, yes, yes.

Um, okay.

So, uh, the three types of tax we're gonna talk through is, uh, the, uh, PIE tax.

Then we're gonna talk about foreign investment fund tax, and the two different methods you can use to calculate how much foreign investment fund tax you must pay within your portfolio.

Then we're gonna talk about tax deductibility, uh, what fees can be, uh, deducted, and in which structures, because the rules are not the same for all three structures.

Yeah, I think it's important to note why it could be relevant for some people.

Mm-hmm.