Ken is director of Metropole Wealth Advisory and gives strategic expert advice to property investors, professionals and business owners. He is in a unique position to blend his skills of accounting, wealth advisory, property investing, financial planning and small business. View his articles
Have you considered investing with family members? As they say… Blood is thicker than water, but sadly, bad business can break families apart overnight. Co-investing with family is no exception. It has the power to thrive or the power to destroy – and the key is all in the foundation you start from. Common family…
Is successful property investing an art or a science? Albert Einstein once said, “COMPOUND INTEREST IS THE EIGHTH wonder of the world. He who understands it earns it… he who doesn’t… pays it.” If we accept the above, then the longer we hold a property investment the more likely we are to make a gain….
Thinking of converting your home to an investment property one day? You’re not alone… In my many decades as a tax specialist, I’ve been asked almost every question but some are more common than others. And one of these is: “My spouse and I are thinking of upgrading our home but want to keep our…
Superannuation is frequently misunderstood as merely an investment vehicle to accumulate wealth for your golden years. However, in reality, it’s also a structure designed to hold various types of investments which offers a plethora of tax benefits that can result in substantial financial gains, especially for those savvy enough to exploit them effectively. Please note…
Too many people consider life as a game of Monopoly. They think they can gamble on property, or the share market, without the right knowledge or advice. But unlike the famous board game, there is no miraculous pot of money in real life that we can dip into whenever we need it. Launching yourself into…
Some say that Australia has an ageing population crisis, with 558,000 Australians now aged 85 years… and in 13 years that’s expected to hit 1 million. And that means there will soon be billions, if not more, of dollars transferred to our younger generations. The problem is, many of these heirs aren’t prepared, and a…
Do you make the most out of your potential tax deductions? Do you keep good records to substantiate your tax claims? Well, you should because the ATO regularly targets property investors, so it’s important that you know what you can and cannot claim as a tax deduction. What can you claim as a tax deduction?…
Are there ways to avoid or reduce paying capital gains tax (CGT) on an investment property entirely? Yes, there are! It’s an unfortunate part of every property investor’s journey that they will most likely eventually be liable for Capital Gains Tax or CGT. However, there are a few strategies that can help you minimise your…
Have you been a victim of financial abuse? Or know someone who has? Well, according to new research from a survey of almost 2,000 Australians aged 65, more than 1 in 4 (28 per cent) have experienced financial abuse or know someone who has. Of those who are experiencing financial abuse, more than half (52…
The topic of inheritance is often shrouded in a cloud of complexity and misconception. Many people think that sophisticated estate planning tools like testamentary trusts are only for the wealthy elite. However, this couldn’t be further from the truth. With rising divorce rates and the increasing complexity of modern families, testamentary trusts and other estate…
