Thanks for all the posts on other investments guys. It's really good to broaden the horizons, and got me thinking more about diversification.
I know next to nothing about shares, so can anyone help me out with some of the basics:
I have heard that if you borrow money to buy shares you can claim a tax deduction for the interest costs (just like property - makes sense really). Are there any limitations on how this works (e.g. NZ sares only, certain types of shares etc?)
People use different entities to buy property (trust, LAQC, etc). Are there reasons to use different entities to buy shares? Would you mix property and shares in one entity?
Some shares pay dividends, but the numbers they talk about always seem so small (e.g. 9c a share recently for Telecom?). Are dividends income and therefore taxable?
Can you buy shares for cashflow or only for capital gain (in property speak).
Cheers
Gerrard
I know next to nothing about shares, so can anyone help me out with some of the basics:
I have heard that if you borrow money to buy shares you can claim a tax deduction for the interest costs (just like property - makes sense really). Are there any limitations on how this works (e.g. NZ sares only, certain types of shares etc?)
People use different entities to buy property (trust, LAQC, etc). Are there reasons to use different entities to buy shares? Would you mix property and shares in one entity?
Some shares pay dividends, but the numbers they talk about always seem so small (e.g. 9c a share recently for Telecom?). Are dividends income and therefore taxable?
Can you buy shares for cashflow or only for capital gain (in property speak).
Cheers
Gerrard
Comment