Ever been to a BBQ where someone told you about a unique tax strategy and you’re left wondering why your accountant never mentioned this before? It might be claiming a luxury car as a tax deduction or becoming a tax resident of a tax haven like Vanuatu to avoid paying income tax.

We sit down with an accountant to run through a range of “is this possible” scenarios from claiming travel costs on investment properties to determining whether you can claim pet food as a tax deduction for your dog if they can double as a guard dog. We get to the bottom of many interesting tax myths and either debunk them or confirm their legitimacy.

In this episode we cover:

• Someone told me I could claim this on tax, can I?
• End of financial year tax tips
• How to pick an accountant that’s right for you

Located on Sydney’s Central Coast, accountant Timothy Ricardo joins Wealth contributor James Gerrard of FinancialAdvisor.com.au