-
30-09-2021, 03:34 PM
#2321
Originally Posted by Aaron
Then you must be buying property at ridiculously low yields with interest rates so low.
I built up a large real estate and share portfolio over the last 20 years, no secret and wasn't that hard although I doubt many could do it today with all the regulations.
-
30-09-2021, 03:37 PM
#2322
Originally Posted by fungus pudding
So how do you survive week to week, meeting living expenses and avoid tax? Sure, you can borrow against assets, creating a non tax-effective loan, but it opens up the possiblity of some fairly hefty dialogue with the taxman.
We have 2 black credit cards which are magically paid off on the 1st of every month.
Which reminds me..
I have far too much airpoints and need an overseas holiday from my early retirement.
-
30-09-2021, 03:52 PM
#2323
Originally Posted by TeslaGod
We have 2 black credit cards which are magically paid off on the 1st of every month.
That doesn't explain a thing.
-
30-09-2021, 03:54 PM
#2324
Member
Originally Posted by TeslaGod
We have 2 black credit cards which are magically paid off on the 1st of every month.
Which reminds me..
I have far too much airpoints and need an overseas holiday from my early retirement.
Oh look, it's the very stable genius again!
-
30-09-2021, 04:25 PM
#2325
Originally Posted by iamaskier
Oh look, it's the very stable genius again!
My net worth is extremely stable
How stable is your job or should I say how stable is your boss.
-
30-09-2021, 05:31 PM
#2326
Originally Posted by TeslaGod
My net worth is extremely stable
How stable is your job or should I say how stable is your boss.
How about explaining your credit card / tax avoidance theory!
-
30-09-2021, 06:02 PM
#2327
Originally Posted by fungus pudding
How about explaining your credit card / tax avoidance theory!
What's theoretical about living off the tax free capital from my assets?
-
30-09-2021, 06:11 PM
#2328
Originally Posted by fungus pudding
How about explaining your credit card / tax avoidance theory!
And it's not tax avoidance.
You can't tax capital gains of shares
You can't tax a credit or margin facility.
-
30-09-2021, 07:16 PM
#2329
Originally Posted by TeslaGod
And it's not tax avoidance.
You can't tax capital gains of shares
You can't tax a credit or margin facility.
If you are avoiding tax by legal means, it's tax avoidance. There are many tax avoidance schemes in operation. I was hoping you would describe this credit card scheme which you say avoids tax but now say it isn't tax avoidance. Furthermore the profit made (aka capital gained) on trading by habitual share traders is taxed at traders marginal rates.
Of course you can't tax a crwedit line. It's simply an arrangement with a lender and doesn't even mean there has been any sort of transaction, so there is nothing to tax..
Last edited by fungus pudding; 30-09-2021 at 07:28 PM.
-
30-09-2021, 07:33 PM
#2330
Originally Posted by TeslaGod
I built up a large real estate and share portfolio over the last 20 years, no secret and wasn't that hard although I doubt many could do it today with all the regulations.
One certainly wonders how much capital values can increase for this point on. It must have taken a bit of risk taking and skill. Certainly you have posted a lot about it and how much it has returned for you in capital gains on this thread - presumably revelling in a bit of schadenfreude in the 1st homebuyers are ScReWeD...thread?
Last edited by Bjauck; 30-09-2021 at 07:35 PM.
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks