Originally posted by flexmoreTrick in Germany.
i am interested in the process of avoiding paying capital gains tax on shares that have been sold at a profit.
a friend of mine told me that you can borrow money and claim the interest as a loss ... this then counteracts your gain ...
does anyone know more details on the process?
(i live in australia ... u.s. situations may be similar, i am not sure)
Buy a flat or house and rent it out. Make the payment per month (how do you call it anyway ? rent ?) so low that you have to pay approx. 5 bucks per month for the interests of the boroughed capital. At the end of year you get helluva money back.
PS: I) don´t and didn´t do that but know that it runs so (used to thats what I know for sure)
Originally posted by Will EverittI feel stupid for telling you this, I'm sure you would have figured it out by yourself
Because if you do trust her, there's
no reason in the world you can't
keep every cent of that money.
I'd be happy to do it for you. All i ask for is 3 beers apiece for each of my co-workers. I think i man working outside feels more like a man if he can have a bottle of suds