Can you please tell me how much % tax you have to pay over there on your capitol gains.
All depends on the individual.
* If they are classed by the Tax Dept as a trader then they pay 39% Capital Gain Tax
If not, then there is no Capital Gain
It is possible to be classed as "both" by having two vehicles for your trading, eg a company for the "trading" and a trust, say, for the investing with each "vehicle" being classed differently.
There is another downside to investing O'Seas. We dont get an tax credits on dividends etc from AUS companies ...
The above is all my opinion as I understand it. I generally leave all the above to the accountant.
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