I'm intending to borrow extra cash using my IP as security to buy domestic shares that pay dividends and thus claim this on my next tax return as a deduction.
Currently my loan payment is low and my rent is high and thus need to make my financial situation more tax effective.
Presuming this idea is still viable in accordance with current tax laws, can you suggest some good stocks to buy. I realise this is a property forum but acknowledge that there are some very astute investors on somersoft who probably have good knowledge of domestic stocks.
As per my other thread I intend to demolish and construct a new garage which will also improve my tax situation. Acquiring shares using funds from refinancing seems like a good idea as it means that my financial situation is more diversified- as I will hold property, cash and shares....
Thanks for your opinions on this.
Currently my loan payment is low and my rent is high and thus need to make my financial situation more tax effective.
Presuming this idea is still viable in accordance with current tax laws, can you suggest some good stocks to buy. I realise this is a property forum but acknowledge that there are some very astute investors on somersoft who probably have good knowledge of domestic stocks.
As per my other thread I intend to demolish and construct a new garage which will also improve my tax situation. Acquiring shares using funds from refinancing seems like a good idea as it means that my financial situation is more diversified- as I will hold property, cash and shares....
Thanks for your opinions on this.