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How I just bought a Million Dollar Co...

Chalanachithram.com DB » New TF Industry Related » Archive through February 21, 2020 » How I just bought a Million Dollar Condo, for Free « Previous Next »
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Rbreddy
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Posted on Wednesday, February 19, 2020 - 05:12 am:       

Congratulations bro
 

Ramjirao
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Posted on Wednesday, February 19, 2020 - 02:20 am:       

Congratulations UNO brother
 

Uno
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Posted on Tuesday, February 18, 2020 - 11:51 pm:       


Ruj:

not to be a party pooper..but what if shop doesnt grow as u expected? what is plan b?




I have back up plan
This the third time playing this game.Previous two times I reached almost 90 percent of my target

Even if don’t reach the target price in 4 years,I will add remaining money and close it
 

Paulgoru
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Posted on Tuesday, February 18, 2020 - 10:18 pm:       

https://www.npr.org/2019/08/02/747660923/shopify-tobias-l-tk e

oka roju NPR lo idhi vinnaka idea vachhindhi..... shopify and spotify kontha confusion vunde....

snowboard sales kosam e-com website development tho start chesi....ee roju 1B revenue company....
6093
 

Ruj
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Posted on Tuesday, February 18, 2020 - 09:55 pm:       


Andhravodu:

it job waste of time, unless you work for a bay area company earning 300k+. bachas are doing trades and earning 100k from home




easier said than done..less than 10% succeed in trading market..
 

Ruj
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Posted on Tuesday, February 18, 2020 - 09:54 pm:       


Uno:



not to be a party pooper..but what if shop doesnt grow as u expected? what is plan b?
 

Mamamiya786
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Posted on Tuesday, February 18, 2020 - 09:23 pm:       


Platypus:

What is Shop?




ei stock induku ila perugutunnadi ...

nenupudu vindaledu .. emi business
Sensation(About Bala):He can win in atleast half of the segments in Rayalaseema. Emi matladutunnavo neeku telusa. He can contest any where in coastal and rayalaseema districts. I personally feel he should contest from Srikakulam dt.

Jagan|Modi|
 

Nanigadu
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Posted on Tuesday, February 18, 2020 - 10:57 am:       


Raptors:

neeku enduku Igloo condos...mee Phily lo illulu leva




Dabbu evariki chedhu
ekkada nayya paisa ekkuva vocchina OK no
Canada aithey eti, Sudaan aithey eti :D
 

Speaker
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Posted on Tuesday, February 18, 2020 - 10:49 am:       


Raptors:

neeku enduku Igloo condos...mee Phily lo illulu leva




i wanna buy townhomes in PA...with an account opened in tax havens for the incorp...ehaa..
Don't be a Parrot in life, Be an EAGLE.

A parrot talks way too much but can't fly high....But EAGLE is Silent n has the power to touch the SKY..
 

Raptors
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Posted on Tuesday, February 18, 2020 - 10:45 am:       


Speaker:


neeku enduku Igloo condos...mee Phily lo illulu leva
WE THE NORTH
 

Speaker
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Posted on Tuesday, February 18, 2020 - 10:41 am:       


Uno:




What r the bankfees in these havens??
Expensive?

How can i approach an agent to open?

Can u name some? Or how i can go to them?
Don't be a Parrot in life, Be an EAGLE.

A parrot talks way too much but can't fly high....But EAGLE is Silent n has the power to touch the SKY..
 

Speaker
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Posted on Tuesday, February 18, 2020 - 08:07 am:       


Chillarodu:

If a company earns 15-20k per month, end of the year doesn't that company pay the tax?



Depends on how much they withdraw as salary for that year..n they have to pay payroll tax for that amount..any sales tax too..usually people with incorps take very less salary n declare dividends and pay very less corporate tax, payrolltax..
N claim most of their expenses as corporate expenses by spending from cirporate credit card.

Thats how they make more money..
Don't be a Parrot in life, Be an EAGLE.

A parrot talks way too much but can't fly high....But EAGLE is Silent n has the power to touch the SKY..
 

Ysr2009
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Posted on Tuesday, February 18, 2020 - 07:38 am:       

https://www.shopify.com/
 

Platypus
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Posted on Tuesday, February 18, 2020 - 07:35 am:       


Awara1984:




Link please.
To a truly secular India with no appeasements of any kind; true separation of religion and state; uniform civil code; a scientific bent of mind; rational thinking and a conducive atmosphere for different points of view to flourish.
 

Awara1984
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Posted on Tuesday, February 18, 2020 - 07:29 am:       


Platypus:




e-commerce company
 

Platypus
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Posted on Tuesday, February 18, 2020 - 06:45 am:       

Dumb question.

What is Shop?
To a truly secular India with no appeasements of any kind; true separation of religion and state; uniform civil code; a scientific bent of mind; rational thinking and a conducive atmosphere for different points of view to flourish.
 

Chillarodu
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Posted on Tuesday, February 18, 2020 - 06:20 am:       


Pele:




Corporate tax vundadha UK lo?
If a company earns 15-20k per month, end of the year doesn't that company pay the tax?
 

Pele
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Posted on Tuesday, February 18, 2020 - 05:09 am:       

UK lo contracting chesi monthly 15k to 20k pounds earn chesi, single pound tax pay cheyyakunda, company director ga register chesukuni. monthly 800 pounds from that company draw chesukunta, malla adhe company lo 60k per year 0% interest loan teesukuni, year ki oka 2 or 3 houses buy chese konde gaalu chaala mandi unnaru.

veelu antha single employee, single director company owners. veelaandarini mooseyyataniki IR35 ani kotha law testundi.. still nothing can stop them.

maa client daggara past 10 years daily 500 pounds tho contracting chesevallu unnaru.
 

Ustad
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Posted on Monday, February 17, 2020 - 07:16 pm:       

Chalo got to go. Good luck!
I learned long ago, never to wrestle with a pig. You get dirty and besides, the pig likes it - George Bernard Shaw
 

Andhravodu
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Posted on Monday, February 17, 2020 - 07:15 pm:       

That's nowhere close 100's of billion dollar acquisition we talking about.
//

Same thoughts. Hence the statement don't see amazon making an expensive offer now
 

Ustad
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Posted on Monday, February 17, 2020 - 07:14 pm:       


Uno:

WHOLE FOODS -$13 BILLION


Correct. That's nowhere close 100's of billion dollar acquisition we talking about.
I learned long ago, never to wrestle with a pig. You get dirty and besides, the pig likes it - George Bernard Shaw
 

Andhravodu
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Posted on Monday, February 17, 2020 - 07:13 pm:       

What was the most expensive thing Amazon bought so far?
//

Whole foods?

That's peanuts compared to SHOP's current valuation, but it's 13 billion

never understood what they gained with that. Because of Amazon's success, people gave a free pass too
 

Uno
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Posted on Monday, February 17, 2020 - 07:12 pm:       


Ustad:

What was the most expensive thing Amazon bought so far?




WHOLE FOODS -$13 BILLION
 

Ustad
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Posted on Monday, February 17, 2020 - 07:10 pm:       


Andhravodu:

Shop I think has grown beyond any Amazon influence. if Amazon wants to buy shop, they have to make an expensive offer now, so maybe they will not be interested


What was the most expensive thing Amazon bought so far?

Amazon is known for building most things from scratch. They don't prefer expensive acquisitions.
I learned long ago, never to wrestle with a pig. You get dirty and besides, the pig likes it - George Bernard Shaw
 

Ustad
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Posted on Monday, February 17, 2020 - 07:07 pm:       


Twitter:

next 1 year lo 1BN expenditure undhi..amazon acquire cheskunte chaala perigipodhhi ani forecast ela chestharu..i think shop has grown to its potential already..inka slow down avvochhu..emantav ustad


I have no opinion on SHOP. Having said that, unrealistic exuberance is not good irrespective of ticker & asset class.

Based on the way things are unfolding (esp. Corona situation) I think we are very close to mid-term top of this bull market.
I learned long ago, never to wrestle with a pig. You get dirty and besides, the pig likes it - George Bernard Shaw
 

Andhravodu
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Posted on Monday, February 17, 2020 - 07:06 pm:       

https://www.cnbc.com/2020/02/17/apple-warns-on-coronavirus-i t-wont-meet-revenue-guidance-because-of-constrained-iphone-s upply-and-suppressed-demand-in-china.html


expect downtrend tomorrow. blood bath not out of question
 

Uno
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Posted on Monday, February 17, 2020 - 06:58 pm:       


Twitter:

amazon acquire cheskunte chaala perigipodhhi ani forecast ela chestharu..




Not expecting or forecasting,just wishful thinking

Valuation or size is not the key ..but potential to integrate with existing business matter


Remember Microsoft paid $26 billion to acquire Linkedin
 

Andhravodu
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Posted on Monday, February 17, 2020 - 06:53 pm:       

amazon acquire cheskunte chaala perigipodhhi ani forecast ela chestharu..i think shop has grown to its potential already
//

Shop I think has grown beyond any Amazon influence. if Amazon wants to buy shop, they have to make an expensive offer now, so maybe they will not be interested
 

Twitter
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Posted on Monday, February 17, 2020 - 06:47 pm:       


Ustad:

SHOP lo potential kanipistaleda Bro?




next 1 year lo 1BN expenditure undhi..amazon acquire cheskunte chaala perigipodhhi ani forecast ela chestharu..i think shop has grown to its potential already..inka slow down avvochhu..emantav ustad
 

Bza
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Posted on Monday, February 17, 2020 - 06:46 pm:       


Andhravodu:

it job waste of time, unless you work for a bay area company earning 300k+. bachas are doing trades and earning 100k from home



bhayya - adedo ikkada post chesthey istam vunna vallu implement chesukuntaru..nee peru Uno kaka laga cheppukuntaru.
 

Ferrari
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Posted on Monday, February 17, 2020 - 06:41 pm:       

NGL thammud okasari aa SHOP edho rendu share lu konu..debbaki shop katteyali :D
 

Scorpio
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Posted on Monday, February 17, 2020 - 06:09 pm:       

https://twitter.com/i/status/1229505061073670147?cn=ZmxleGli bGVfcmVjc18y&refsrc=email
Nagarjuna Sagar...SriSailam...Polavaram...Handri-Neeva...SomaSila...ThotaPalli...VeliGonda...PuliChintala..etc
 

Ustad
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Posted on Monday, February 17, 2020 - 06:00 pm:       


Rudraksha:

SHOP laanti manchi scope unna new upcoming IPOs unte cheppandi


SHOP lo potential kanipistaleda Bro?

As per Uno, 4X in 4 years....inkemi kavali?
I learned long ago, never to wrestle with a pig. You get dirty and besides, the pig likes it - George Bernard Shaw
 

Speaker
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Posted on Monday, February 17, 2020 - 05:50 pm:       


Uno:

>>You/No.Depends on the state .Very few states allow minors under 18 yrs as directors.But you can make a WILL and nominate the beneficiary owners after you




Will already done..

After opening an incorp n getting the loans..will have to amend the will based on PAs law..will check..

Thanks
Don't be a Parrot in life, Be an EAGLE.

A parrot talks way too much but can't fly high....But EAGLE is Silent n has the power to touch the SKY..
 

Uno
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Posted on Monday, February 17, 2020 - 05:42 pm:       


Speaker:

, first step is to open an incorp,

>>correct
Second, open a checking account or just a brokerage account to get the existing equity transferred into this incorp for paying down payment to builder

>>Open a checking account first.Will be handy to pay any expenses or to pay down payment

Third, obtain mortgage loan before closure..on incorp name..

>>It may not be easy or quick to get a commercial mortgage .May take time or you may not get it in worst case.Then be prepared to take out HELOC on your home and close the home or make alternate arrangement


Can i name my kids as board of directors? If not..whats the minimum age to name them as directors???




>>You/No.Depends on the state .Very few states allow minors under 18 yrs as directors.But you can make a WILL and nominate the beneficiary owners after you
 

Speaker
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Posted on Monday, February 17, 2020 - 05:36 pm:       


Uno:

You can transfer.Open a brokerage account on your corporation name and transfer to it




So, first step is to open an incorp,
Second, open a checking account or just a brokerage account to get the existing equity transferred into this incorp for paying down payment to builder

Third, obtain mortgage loan before closure..on incorp name..

Can i name my kids as board of directors? If not..whats the minimum age to name them as directors???
Don't be a Parrot in life, Be an EAGLE.

A parrot talks way too much but can't fly high....But EAGLE is Silent n has the power to touch the SKY..
 

Uno
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Posted on Monday, February 17, 2020 - 05:24 pm:       


Speaker:

Did u incorp an entity for this in Canada or u did it just in Dubai??

If we were to open an incorp here in usa n rent them out, is it a good idea..??

> depends on state .May be your can form a family trust or LLC -Tax consulant can advice



If the incorp is done in Usa..n has a early closing..how will get loan for mortgage?

Is it ez or is it more expensive to get one such mortgage loan on incorp
>>For US corporation you can get commercial mortgage ,but the rates will be higher.You may have to shell out more down payment (may be upto 35%) and get mortgage on personal guarantee (if corporoation defaults/bankrupts you are personally responsible)




How do we transfer funds into a corp either in usa or in dubai?

>>Bank to builder/brokerage in Trust account -by wire

Can we pull it off from existing equity n trransfer to this incorp for downpayment??




>>You can transfer.Open a brokerage account on your corporation name and transfer to it
But it may be complicated for taxation
Easy method is deposit cash /check in corporation bank account and purchase
 

Speaker
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Posted on Monday, February 17, 2020 - 05:14 pm:       


Uno:

The advantage of going for entity is the rental income will be income of corporation and not treated as personal income. Corporation can show expenses as deductions and take advantage of corporate tax




Did u incorp an entity for this in Canada or u did it just in Dubai??

If we were to open an incorp here in usa n rent them out, is it a good idea..??

If the incorp is done in Usa..n has a early closing..how will get loan for mortgage?

Is it ez or is it more expensive to get one such mortgage loan on incorp

How do we transfer funds into a corp either in usa or in dubai?

Can we pull it off from existing equity n trransfer to this incorp for downpayment??

Thanks
Don't be a Parrot in life, Be an EAGLE.

A parrot talks way too much but can't fly high....But EAGLE is Silent n has the power to touch the SKY..
 

Uno
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Posted on Monday, February 17, 2020 - 05:06 pm:       


Speaker:

so...u dont need a pre-approval until u r closing..is it? but..anyways...anyone can get a pre-approval if u have a right mortgage broker..

u just paid the initial deposit.. n firmed the deal..is it?

2024 lo by the time u move in...it would have already appreciated to may be
1200,000-1400,000 --- solid profitof 2-400k from appreciation...n no tax hassles...

amma theenemma battaaayo....denemmo...chasssssssssssssssss.........

always late in the game...




Yes,pre-approval is required in most cases.

But this is through corporation ,will not be going for mortgage and has long closing time,they waived off the requirement

Yes,there will be appreciation. Toronto Condo market has appreciated around 6 to 8% YoY

But there is tax hassle when you sell the property.But however capital taxes are tricky on real estate

Suppose if you sold for $100k profit,only $50k profit is taxed at your income bracket
Suppose your income is $100k,then $50k is added as your income and your will be taxes in $150k bracket

The advantage of going for entity is the rental income will be income of corporation and not treated as personal income. Corporation can show expenses as deductions and take advantage of corporate tax
 

Uno
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Posted on Monday, February 17, 2020 - 04:49 pm:       


Vishvak:

Oka question: Citizenship, GC lu lekunda ee share tradings cheyocha?




You can do it from India or anywhere in the world
I opened e-trade account back in 2001 when i did not even had a passport
You have have to fill W8-BEN form as non resident
 

Xxx
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Posted on Monday, February 17, 2020 - 04:42 pm:       


Vishvak:




yes, you can buy shares and trade
-
 

Speaker
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Posted on Monday, February 17, 2020 - 04:20 pm:       


Uno:

I can simply change the beneficial owner of the corporation and pass it on to my kids




this is exactly what i want to do as well...buy a block of townhomes, give them out on rent..idea is they should self-sustain, i wanna do it in the name of an incorp...n later on...pass it to my kids...

the entity will survive for everrrrrrrrrrr...

idi ela seyyaalo...seppu konchemmm
Don't be a Parrot in life, Be an EAGLE.

A parrot talks way too much but can't fly high....But EAGLE is Silent n has the power to touch the SKY..
 

Vishvak
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Posted on Monday, February 17, 2020 - 04:14 pm:       

Oka question: Citizenship, GC lu lekunda ee share tradings cheyocha?
Vi veri universum vivus vici
 

Biggboss
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Posted on Monday, February 17, 2020 - 04:09 pm:       


Andhravodu:

it job waste of time, unless you work for a bay area company earning 300k+. bachas are doing trades and earning 100k from home




vunkle enti ee arachakam, 100k from home random ads lo choosanu kani...how andi how?

maaku kuda email ettandi biggboss.ccdb @ gmail
 

Andhravodu
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Posted on Monday, February 17, 2020 - 04:07 pm:       


Speaker:

naa l lo it jobs deniki


it job waste of time, unless you work for a bay area company earning 300k+. bachas are doing trades and earning 100k from home

mailed u
 

Speaker
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Posted on Monday, February 17, 2020 - 04:05 pm:       


Uno:

My overseas Holding Corp holds stocks and it bought the property




so...u dont need a pre-approval until u r closing..is it? but..anyways...anyone can get a pre-approval if u have a right mortgage broker..

u just paid the initial deposit.. n firmed the deal..is it?

2024 lo by the time u move in...it would have already appreciated to may be
1200,000-1400,000 --- solid profitof 2-400k from appreciation...n no tax hassles...

amma theenemma battaaayo....denemmo...chasssssssssssssssss.........

always late in the game...

anywayss..........bigroller like u know how to milk the systemmmmmmmmmm....

naa l lo it jobs deniki? edo ittaanti patthyaapaaaram lo set ayyipothe better laa undiiiiii
Don't be a Parrot in life, Be an EAGLE.

A parrot talks way too much but can't fly high....But EAGLE is Silent n has the power to touch the SKY..
 

Speaker
Hero
Username: Speaker

Post Number: 11770
Registered: 01-2019
Posted From: 198.103.104.11

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Posted on Monday, February 17, 2020 - 03:58 pm:       


Hero:

no they wont...




hmmmmmmmmmmm...then we r just better of by buying shares in those accounts, right?}
Don't be a Parrot in life, Be an EAGLE.

A parrot talks way too much but can't fly high....But EAGLE is Silent n has the power to touch the SKY..
 

Hero
Hero
Username: Hero

Post Number: 14964
Registered: 09-2009
Posted From: 38.101.193.194

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Posted on Monday, February 17, 2020 - 03:57 pm:       


Speaker:

will banks give mortgages to those incorps after we come up with 20%?




no they wont...
 

Speaker
Hero
Username: Speaker

Post Number: 11769
Registered: 01-2019
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Posted on Monday, February 17, 2020 - 03:54 pm:       


Uno:

I can simply change the beneficial owner of the corporation and pass it on to my kids




how to buy condos/townhomes on the name of an incorporation?

how do we send money into those accounts in foreign? like dubai or cayman islands?

will banks give mortgages to those incorps after we come up with 20%?
Don't be a Parrot in life, Be an EAGLE.

A parrot talks way too much but can't fly high....But EAGLE is Silent n has the power to touch the SKY..
 

Brightlife34
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Username: Brightlife34

Post Number: 6796
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Posted From: 172.58.173.168

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Posted on Monday, February 17, 2020 - 03:50 pm:       


Andhravodu:

For a corporation, sure, there are legal ways. adi chesukune opika unte, go ahead




Corporation can avoid taxes till they repatriate
Monna trump taxes reduce chesinappudu anduke record repatriation aindi
 

Pullarao
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Username: Pullarao

Post Number: 2176
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Posted on Monday, February 17, 2020 - 03:50 pm:       


Andhravodu:

u can't avoid US tax


check OZI.
 

Ysr2009
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Username: Ysr2009

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Posted on Monday, February 17, 2020 - 03:44 pm:       

Not as lucky as you, but I made 40K on SHOP so far

100K+ on Tesla
25K on APPL
20K on AMD

this year
 

Speaker
Hero
Username: Speaker

Post Number: 11768
Registered: 01-2019
Posted From: 198.103.104.11

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Posted on Monday, February 17, 2020 - 03:39 pm:       


Andhravodu:




edi...edo pamputaa annaav???

directorcdb@gmail.com ki pampu
Don't be a Parrot in life, Be an EAGLE.

A parrot talks way too much but can't fly high....But EAGLE is Silent n has the power to touch the SKY..
 

Speaker
Hero
Username: Speaker

Post Number: 11767
Registered: 01-2019
Posted From: 198.103.104.11

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Posted on Monday, February 17, 2020 - 03:39 pm:       


Uno:

fly down ,register a company,take papers to bank and open account

Or engage a agent and do it from remote




how about any other country other than dubai? like cayman islands? how is it? is it possible from there too..??
Don't be a Parrot in life, Be an EAGLE.

A parrot talks way too much but can't fly high....But EAGLE is Silent n has the power to touch the SKY..
 

Siloan
Legend
Username: Siloan

Post Number: 69122
Registered: 03-2008
Posted From: 132.174.100.203

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Posted on Monday, February 17, 2020 - 03:28 pm:       


Andhravodu:

unkle mailed you. vachinda?



ledu bhayya
ccdbsiloan hut ghee
 

Rudraksha
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Username: Rudraksha

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Posted on Monday, February 17, 2020 - 03:24 pm:       

SHOP laanti manchi scope unna new upcoming IPOs unte cheppandi
 

Uno
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Posted on Monday, February 17, 2020 - 02:52 pm:       


Vishvak:

Jagan/NiravModi/Vijay malya lu chesedaniki deeniki teda enti? Just for knowledge asking




Not tax evaded funds, not funds acquired defrauding banks ,or corruption or kickbacks

My overseas Holding Corp holds stocks and it bought the property

I can simply change the beneficial owner of the corporation and pass it on to my kids
 

Miniontada
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Username: Miniontada

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Posted on Monday, February 17, 2020 - 02:48 pm:       

add ustad,andhrawala
Indian Fouzi Sings
 

Miniontada
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Username: Miniontada

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Posted on Monday, February 17, 2020 - 02:47 pm:       

i hope like fb we have a feature here for threads only for members ...
uno,true_indian,rising,ysr_2k9,scallion,likmaster,lenin,Nice
pure big players ft inkevalu unnaru


Indian Fouzi Sings
 

Andhravodu
Hero
Username: Andhravodu

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Posted From: 173.92.134.71

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Posted on Monday, February 17, 2020 - 02:44 pm:       


Siloan:


unkle mailed you. vachinda?
 

Andhravodu
Hero
Username: Andhravodu

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Posted on Monday, February 17, 2020 - 02:44 pm:       


Brightlife34:

US tax resident have to declare global income for tax
If it�s a US corporation you can evade tax but have to still pay tax when money is repatriated




bingo

u can't avoid US tax. Swiss bank lo records ni kooda teesukuni fines esindi IRS

For a corporation, sure, there are legal ways. adi chesukune opika unte, go ahead
 

Vishvak
Hero
Username: Vishvak

Post Number: 14274
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Posted on Monday, February 17, 2020 - 02:35 pm:       


Uno:

Easy way: fly down ,register a company,take papers to bank and open account

Or engage a agent and do it from remote


Jagan/NiravModi/Vijay malya lu chesedaniki deeniki teda enti? Just for knowledge asking

Vi veri universum vivus vici
 

Brightlife34
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Username: Brightlife34

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Posted on Monday, February 17, 2020 - 02:33 pm:       


Speaker:




US tax resident have to declare global income for tax
If it’s a US corporation you can evade tax but have to still pay tax when money is repatriated

Canada ki evo treaties unnayi by which you can evade tax on income from tax havens when repatriated to Canada. But ila investment stocks ki kuda undatam is surprising, ee lekkana why will any person with decent portfolio pay taxes on for ex stocks in Canada
 

Siloan
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Username: Siloan

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Posted on Monday, February 17, 2020 - 02:31 pm:       


Uno:



sodara stock account manage chese service ettukovachhu ga
 

Pullarao
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Username: Pullarao

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Posted on Monday, February 17, 2020 - 02:25 pm:       

Congrats..



Memu margadarsi lo cherutham...next pick cheppandi Uno ji.
 

Hero
Hero
Username: Hero

Post Number: 14963
Registered: 09-2009
Posted From: 38.101.193.194

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Posted on Monday, February 17, 2020 - 02:24 pm:       


Uno:

cos i have already moved the stocks to an entity and a jurisdiction where there is no capital gains or with holding tax




annai..ela chesav idi ?
 

Uno
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Username: Uno

Post Number: 6275
Registered: 03-2016
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Posted on Monday, February 17, 2020 - 02:18 pm:       


Speaker:

Tax havens like cayman islands, zibraltar..etc??

Etlaa open seyyali akkada accounts??




Easy way: fly down ,register a company,take papers to bank and open account

Or engage a agent and do it from remote
 

Speaker
Hero
Username: Speaker

Post Number: 11764
Registered: 01-2019
Posted From: 184.151.127.64

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Posted on Monday, February 17, 2020 - 02:16 pm:       


Uno:

jurisdiction where there is no capital gains or with holding tax




Tax havens like cayman islands, zibraltar..etc??

Etlaa open seyyali akkada accounts??
Don't be a Parrot in life, Be an EAGLE.

A parrot talks way too much but can't fly high....But EAGLE is Silent n has the power to touch the SKY..
 

Uno
Side Hero
Username: Uno

Post Number: 6274
Registered: 03-2016
Posted From: 208.98.222.18

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Posted on Monday, February 17, 2020 - 02:11 pm:       


Dma:

how about taxes on 1MM?




May be 5 percent VAT max

C/o Dubai
 

Awesomedber
Hero
Username: Awesomedber

Post Number: 10962
Registered: 04-2015
Posted From: 167.220.2.103

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Posted on Monday, February 17, 2020 - 02:11 pm:       

 

Royal1234
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Username: Royal1234

Post Number: 3097
Registered: 12-2010
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Posted on Monday, February 17, 2020 - 02:09 pm:       

People who got based on your suggestion, hope they are still held on those. Gr8 bro.
 

Dma
Megastar
Username: Dma

Post Number: 24998
Registered: 11-2009
Posted From: 70.176.174.40

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Posted on Monday, February 17, 2020 - 02:05 pm:       

how about taxes on 1MM?
Jai Andhra!! Jai Jai Andhra!!!
 

Ysr2009
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Username: Ysr2009

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Registered: 03-2014
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Posted on Monday, February 17, 2020 - 01:56 pm:       

 

Miniontada
Side Hero
Username: Miniontada

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Posted on Monday, February 17, 2020 - 01:54 pm:       


uno:

moved the stocks to an entity and a jurisdiction where there is no capital gains or with holding tax



Anna emaina hint ivochu kada .. iz it mana desam how iz it pozzibulll
Indian Fouzi Sings
 

Vishvak
Hero
Username: Vishvak

Post Number: 14268
Registered: 01-2007
Posted From: 65.121.3.178

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Posted on Monday, February 17, 2020 - 01:26 pm:       


Uno:


Family day family tho spend cheyyadam manesi DB lo emi pani

Vi veri universum vivus vici
 

Uno
Side Hero
Username: Uno

Post Number: 6273
Registered: 03-2016
Posted From: 99.231.228.202

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Posted on Monday, February 17, 2020 - 01:22 pm:       

::Bragging thread::

Got bored on Holiday and just wanna brag this !

Just paid $50k and booked a 565 sft condo in 51st floor,Downtown Toronto worth $1.01 million

The closing is in 2024 and I have 4 years to make that 1 million and close it


I am Playing with just one stock -SHOP

Last year it was worth $150k and now around $250k

My SHOP Holding is now worth $250k (accumulated as free stock)

Long story short on how the stock costed me $0, visit this-> http://www.chalanachithram.com/discus/messages/115/342081.ht ml


I expect it to reach $800 with in next 10 months and $1500 to $2000 by 2024 (much sooner if amazon or google takes over)

If it reached $2000,my stock worth will be around $1 million

Going by the rate it is growing it is easily achievable (don't ask me fundamentals or revenue supports my speculation..)

As soon as it reaches my target,i will sell it (no regrets if it has further scope to grow)


And don't say there is capital gains tax..For me there is zero,cos i have already moved the stocks to an entity and a jurisdiction where there is no capital gains or with holding tax

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