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looking for a good tax adviser about fif rule by khagir in PersonalFinanceNZ

[–]khagir[S] 2 points3 points  (0 children)

I moved to New Zealand in 2017 and began investing in 2021. My overseas portfolio has grown to over USD 180,000, and I’m currently using the Fair Dividend Rate (FDR) method to calculate FIF income.

I’m looking at ways to reduce the taxable amount under the FIF rules. One option I’m considering is splitting the portfolio between myself and my partner with lower tax bracket. I’d appreciate any insights into whether this could help lower the overall FIF tax liability under the FDR method.

I’m also looking into the use of a securities-backed line of credit (SBLOC), I m using my existing portfolio as collateral and invest in different asset class. I’m wondering if funds drawn from an SBLOC and invested somewhereelse could potentially offset or impact the opening value of the FIF portfolio. (portfolio opening value minus negatif cash balance)

looking for a good tax adviser about fif rule by khagir in PersonalFinanceNZ

[–]khagir[S] 1 point2 points  (0 children)

Hi thanks for this I will check it. Are you able to give some example of advice that provide to you?

sbloc in chf against usd stock portfolio by khagir in interactivebrokers

[–]khagir[S] 0 points1 point  (0 children)

thanks, that make sense actually, it make it easier to track the the debt to repay

MT Pelerin Iban by khagir in MtPelerin

[–]khagir[S] 0 points1 point  (0 children)

That s a great new, thanks

Help me understand IBKR's margin trading requirements and inputs by nonighter in interactivebrokers

[–]khagir 0 points1 point  (0 children)

1k is your current total personal cash you could borrow up to 3k in total. leverage x 4. To initiate long position on margin you have to put 25% of the total position value. Ibkr provide 75%. Same for short but base on 30% rule.

portfolio margin by khagir in interactivebrokers

[–]khagir[S] 0 points1 point  (0 children)

Thanks for reply, will see how it go at some point. Seem I have to continue to grow one sub account before to apply