High income earner who had more cash than he knew what to do with a few years ago paid off his IP loans. :/ Now his income tax bill is huge due to IPs being cashflow positive, and he also wants to do some non-tax-deductible spending (eg upgrade PPOR). Any creative ways to regain the tax advantages of having the IPs leveraged, or transfer these profits to a more tax-effective entity?
Most of these would work Strategy: 11 Strategies for when you move out of the PPOR and keep it Strategy: 11 Strategies for when you move out of the PPOR and keep it
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