This week, Mena and I discuss whether becoming self-employed helps you reduce the amount of income tax you pay. We discuss:  

• The Personal Services Income (PSI) rules and how they apply. 
• Flexibility to distribute business income to multiple people. 
• Minimising any eventual capital gain if/when you sell the property.  

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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.