Has anyone looked into this … or a local equivalent? I heard Bill Gates is buying up farms in the US …. This May be safety in the event of more Chinese property company collapses ….
https://moneywise.com/investing/real...+U.S.+farmland
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Has anyone looked into this … or a local equivalent? I heard Bill Gates is buying up farms in the US …. This May be safety in the event of more Chinese property company collapses ….
https://moneywise.com/investing/real...+U.S.+farmland
When Billionaire's buy farm land it is used for receiving legal tax credits and tax avoidance on there wealth while the land is appreciating in value
The more you buy the more tax credits you receive (tax avoidance)
Similarly to me being able to claim losses like rates, repairs, interest etc on my real estate.
When Billionaire's buy farm land it is used for receiving agriculture tax credits and tax avoidance on there wealth while the land is appreciating in value
The more you buy the more tax credits you receive (tax avoidance)
Similarly to me being able to claim losses like rates, repairs, interest etc on my real estate.
Hope this helps.. cheers.
Rates, repairs and mortgage interest are not losses. They are expenses. Rates and repairs can be deducted from the income and tax is payable on the balance (profit). Mortgage interest is no longer deductable other than the first twenty years life of a new building. There should be spelt their. Billionaires should not have an apostrophe.