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Double Rifles, Single Shots & Combinations >> Double Rifles

375Brno
.333 member

Reged: 18/10/05
Posts: 354
Loc: Brisbane, Australia

Superannuation = Double Rifle, would this work ??
27/01/06 11:28 AM

Hi

Would appreciate some advice on the following.

If for example I wanted to buy a DR for $25k then given the fantastic tax system we have in Australia I would have to earn approx $50k before tax to get my $25k. So, what if I moved some of my existing superannuation into a self managed fund and used some of the proceeds to buy said DR. Alternatively I could start a new fund from scratch and build it up using pre-tax payments. I know that a self managed fund needs to be of a certain size to make it viable and there may be limits to how much can be used to invest in certain asset classes (ie. I could not buy guns with all the money) but other than that the main advantage is that the super is paid in before tax and has a much smaller tax rate. I would miss out on the revenue that the $25k would make in super but in theory I should get that back with capital gain as long as I bought the right gun. Not that I would be likely to sell it anyway.

Anyone looked into this before or tried it ? Would appreciate feedback.

375Fetish

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Subject	Posted by	Posted on
Superannuation = Double Rifle, would this work ??	375Brno	27/01/06 11:28 AM
Re: Superannuation = Double Rifle, would this work	NitroX	27/01/06 01:17 PM
Re: Superannuation = Double Rifle, would this work	375Brno	28/01/06 11:18 PM
Re: Superannuation = Double Rifle, would this work	500Nitro	29/01/06 12:05 AM
Re: Superannuation = Double Rifle, would this work	NitroX	29/01/06 03:10 AM

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