Hi H,
I am in a similar situation.
If you trade the ASX with an Australian trading account,eg E Trade Commsec etc,you must lodge a return with the ATO.
As a non resident you are not eligible for the tax free threshold,aprox. $5,0000.
So in effect you must pay 5k extra in tax every year.
As a non resident you don`t have to pay the medicare levy.
Australian address wont give you resident status,however having an investment property in Aus will.
If you set up a trading account in another country you must abide by there tax laws.
In my region places like Malaysia have no CGT.
I would personally rather my cash stayed on Oz soil,so i am in the process now of obtaining an investment property.
Hope that helps.
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Hi H,I am in a similar situation.If you trade the ASX with an...
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