Working long hours for many years as a truck driver, the client approached us looking to save tax and create an income outside of the long hours he spent driving trucks. Let’s just say, the words he used to describe his own situation were far more colorful than what is written here.
Prestige Accounting initially assisted him to acquire his first investment property by using our services for strategy, structure, taxation and lending. The property began as a negatively geared property and the client was happy with the tax it saved him from day one.
Ten years later, the client has four investment properties which are now positively geared allowing him to have a passive income. He has also sold one property at a substantial gain. He is now only doing the odd job as a truck driver and the majority of his income is now derived from property.