sharetrader
Page 2 of 2 FirstFirst 12
Results 11 to 17 of 17
  1. #11
    Member
    Join Date
    Jul 2021
    Location
    Auckland
    Posts
    100

    Default

    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

  2. #12
    Senior Member TeslaGod's Avatar
    Join Date
    Jun 2021
    Location
    Auckland the only city that matters with the best looking Investors and you know it.
    Posts
    911

    Default

    Quote Originally Posted by STr View Post
    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.

  3. #13
    Senior Member TeslaGod's Avatar
    Join Date
    Jun 2021
    Location
    Auckland the only city that matters with the best looking Investors and you know it.
    Posts
    911

    Default

    Quote Originally Posted by STr View Post
    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 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.
    Last edited by TeslaGod; 05-10-2021 at 06:46 PM.

  4. #14
    Legend
    Join Date
    Apr 2008
    Location
    Sth Island. New Zealand.
    Posts
    6,428

    Default

    Quote Originally Posted by TeslaGod View Post
    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.
    Last edited by fungus pudding; 05-10-2021 at 07:36 PM.

  5. #15
    Senior Member TeslaGod's Avatar
    Join Date
    Jun 2021
    Location
    Auckland the only city that matters with the best looking Investors and you know it.
    Posts
    911

    Default

    Quote Originally Posted by fungus pudding View Post
    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.
    Everyone has a different situation, you don't know what types of real estate I invest in so don't pretend you do.

  6. #16
    Senior Member TeslaGod's Avatar
    Join Date
    Jun 2021
    Location
    Auckland the only city that matters with the best looking Investors and you know it.
    Posts
    911

    Default

    Quote Originally Posted by TeslaGod View Post
    Everyone has a different situation, you don't know what types of real estate I invest in so don't pretend you do.
    I really wish members on this forum would stop commenting on topics they don't know, are not invested in and don't understand .

    Googling something doesn't make you an expert on all matters,

    You are all embarrassing yourself and making me cringe .
    Last edited by TeslaGod; 05-10-2021 at 08:50 PM.

  7. #17
    Legend
    Join Date
    Apr 2008
    Location
    Sth Island. New Zealand.
    Posts
    6,428

    Default

    Quote Originally Posted by TeslaGod View Post
    Everyone has a different situation, you don't know what types of real estate I invest in so don't pretend you do.
    I do not need to know what you invest in. But regardless of what it is, outgoings in any commercial activity are not losses.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •