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Those are taxable events for the people who sell the shares Tesla is buying back. > Then you can also take loans based off of that to make sure you never have
by arcticbull 2y ago
Those are taxable events for the people who sell the shares Tesla is buying back.
> Then you can also take loans based off of that to make sure you never have to pay taxes again.
You can borrow against the after tax amount yes, you'll pay interest on it and when you die, you will pay the capital gains. On your final tax return, you are required to pay taxes on all of the capital gains you up to your departure. This resets the tax basis for your heirs.
- flipbrad 2y ago"Those are taxable events for the people who sell the shares Tesla is buying back." But in which jurisdictions is that tax payable, and at what rates?
- arcticbull 2y agoThere's no general answer to that question. It depends on how long you held it for, where you're resident, and your specific circumstances.