Localfund.com - All about Fund and Investment
*Home>>>Personal Investment

Taxable offset- interest?


if you take out a personal loan, and then decide to invest it instead of taking a holiday, can you claim the interest that you pay out on that loan, as a tax offset. I know you can with investment loans but im not sure about personal loans

No you can't, not with personal loans.

Tags
  Profitable Investments   Private Investment   Private Equity   Private Capital   Personal Investment   Pension Fund   Pecunix   Online Investment
Related information
  • Why did you become an investor/trader etc?

    1. I first started to learn from my dad (used to be a stock broker). I have learned more from articles online. 2. No, but I get the info from online 3. Dad and Grandfather 4. I would say I'...

  • What it takes to become billionaire?

    It's almost impossible to become a billionaire working for other people. Your best chance it to start your own business, make it extremely profitable and then sell it off.

    ...
  • Work from home scam?

    Warning from snopes.com Reship of Fools Claim: Aspiring work-at-homers promised big bucks for acting as intermediaries for international transactions wherein they cash checks for other partie...

  • Defaults,Foreclosure, Bankruptsy?

    Well 1st of all, where are they, that's going to affect the actual hit that you are going to take. 2nd, go kill your accountant. 3rd: Why are you going into foreclosure anyways? I would re...

  • Does anyone have an at-home job that is not a scam?

    Hope these job websites can help you. ...

  • Regarding tax deductions for an RV?

    If you sell a capital asset at a gain you will owe taxes on that gain regardless of what you do with the money. The repurchase of another asset, motor home included, will not make it non-taxable. I...

  • How would I go about financing a boat slip?

    You can probably get a consumer loan for 5 years...if your credit is good and your income sound, you may be able to do it as unsecured.

    ...
  • Bookkeeping Classes!?

    You can check with your local junior college - most of them offer a certificate or 2 year degree in accounting or bookkeeping. Some of the courses I would recommend are - basic accounting, Excel, P...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster