In 30 seconds
Ackman proposes a tax treatment for certain borrowing proceeds; the clip does not establish current tax law.
- 1ProposalAckman proposes a tax treatment.
- 2StockHe offers a hypothetical loan example.
- 3Real estateHe compares refinancing proceeds.
Takeaways
- This is a policy proposal.
- He uses stock and property examples.
- The clip is not a statement of current law.
Read the edited text by chapter
Borrowing against stock
In a 2023 discussion, investor Bill Ackman proposes taxing certain proceeds from borrowing against appreciated assets.
In a 2023 discussion, investor Bill Ackman proposes taxing certain proceeds from borrowing against appreciated assets.
He uses a hypothetical loan against stock to argue that extracting value beyond the original investment can resemble a sale. This is his policy proposal, not a statement of current law or a finding about an individual’s taxes.
Real-estate example
Ackman also offers a commercial real-estate refinancing example and says he would treat certain proceeds as taxable.
Ackman also offers a commercial real-estate refinancing example and says he would treat certain proceeds as taxable.
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