Here’s a quick quiz to discover if you’re paying too much tax:
- Don’t have an investment property? You’re paying too much tax.
- Have just one property? You’re paying too much tax.
- Last investment property 5 years old or more? You’re paying too much tax.
- Any tax coming out of your pay cheque at all? Yes, you’re probably paying too much tax.
Getting the impression you might be paying too much tax?
If you’re earning 70K a year, you probably don’t even see your Monday’s pay. In other words, if you have no tax deductions you can kiss goodbye almost 15K of your wage. That’s around 20% of your hard earned income handed straight over to the Inland Revenue each and every week.
Check out my video below to see an example of how someone earning 100K and paying 24K in tax could slash their tax bill to just 8.7K.
Come along to a Property Investor Night to find out how you could be more efficient with your tax. You’ll learn about the tax advantages can property investors get by building a smart portfolio.