question tax for non resident, page-15

  1. 14,167 Posts.
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    I was a non resident for tax purposes for over 10 years

    the reason why I was non resident was because I didn't want the income that I was earning overseas being taxed here

    Most of my income came from divis and I didn't do hardly any buying and selling so not sure about whether capital gains is exempt

    Any income I earnt here in australia was taxed at a much higher rate

    I think you could still get franking credits though

    also you could reduce your taxable income by contributing to super

    So I used to reduce my tax by contributing to super so in instead of paying 30% in dollar you would pay 15%

    However it is while since I did it.

    why don't you ring the ato or if you are in sydney go to investor and traders conference

    they have a stand at darling harbour


 
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