I seem to recall that if you borrow to buy shares and shortly afterwards sell the shares,then the debt remains and you have the cash in hand .
The interest on the loan is still a tax deduction untill paid off.
This situation apparently arose when a person borrowed for investment reasons,then sold the investment and retained the debt and the ATO lost their argument against that person.
Any comments or is anyone familiar with this?
- Forums
- General
- a cheap loan needed ,???
a cheap loan needed ,???, page-41
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online