LilyBlossom
New Member
- Messages
- 1
Is it the right thing to do to use all your rental income to buy avcs so you dont have to pay tax.
eg. My rental income is 12000k per year - I have to pay approx 6000k in tax this year (minus expenses)
If I put the 12 in to AVCS - I am not liable for tax at all on the income so it looks good but I am wondering if I am missing something
Any thoughts?
Thanks.
Lily
eg. My rental income is 12000k per year - I have to pay approx 6000k in tax this year (minus expenses)
If I put the 12 in to AVCS - I am not liable for tax at all on the income so it looks good but I am wondering if I am missing something
Any thoughts?
Thanks.
Lily