“Number two would be paying principal and interest repayments on your tax-deductible debt when you also have owner-occupied debt… preserve that, don’t pay it off”
PN
Pat Noll
Equity Mates Investing Podcast ·
“…the third party paid around 20-25 million dollars to Admiral. …The rest of it was used to pay off that inter-group debt… For tax purposes, all that was declared was the 20 million component…”
Tax Talks · September Updates
Play from 49:11
49:11
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
Restructured intra-group debt by selling Admiral Holdings for ~200 M, with the buyer paying $20-25 M cash to Admiral and using the remainder to pay off the intra-group debt, then declared only the $20 M cash component for tax purposes
$20-25 M cash paid to Admiral; total sale price ~200 M; intra-group debt amount described as “fairly significant”
Said nearby on the same subject
“Automate minimum repayments on any debt, including your HELP debt. If possible, that automatically happens, but you want to pay it off quicker.”
♫
Said on Dev Raga Personal Finance
“Most developers, including myself, are getting capitalized interest, which means I don't have to pay it every month. I pay it when I finish the project, sell down, the bank gets the debt, then the interest rate repayment”
DH
David Hamilton
Inside Commercial Property ·
“As immediately, you get the KGB out of your life… you have about $10,000 IRS debt… pay that off this month”
DR
Dave Ramsey
The Ramsey Show ·
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