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ATO warns against asset selling to fund super
From the ABC:
Lateline - 13/06/2007: ATO warns against asset selling to fund super
Quote:
HELEN BROWN: The Tax Office says that people need to think about keeping money aside as capital gain tax still applies on property sales, and tax deductions can't be claimed on interest payments on loans as some might think.
DARYL DIXON: Borrowing to put money in super is a risky proposition unless you know that you've got the ability the pay off that debt within a reasonable period of time.
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Sim'
This is a general comment only and does not constitute advice. Before making financial decisions you should seek advice from a professional adviser, who can take into account your specific circumstances and investment goals.
Last edited by Sim : 24-07-2007 at 02:06 PM.
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