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aussieasxboss

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23/05/21

21:14

Post #: 53361857
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Originally posted by TraderVance: ↑

From research, you have to create a trust and company, the trust will distribute to your aus account but will be taxed at 15% according to the tax treaty. the company (you) will trade via sinagpore using a company account under the trust. each of these will cost you $1,000 to $2,000 a year to maintain, then you have legal and international law. I put a budget of around $300,000 with a 3 year lead you will need a trust here in AUS to get the distibution because if you get it paid you dont pay CGT but you end up paying income tax unless you get everything under company.

You the other thing is crossboarder transactions will be hefty fee, you will need to swap to crypto you send it across then change back to fiat. Its perfectly legal, but you have to be good at trading because unless you have $100's of thousands, doing this without backing and clarity is risky, almost so that it is easier paying 22% company tax. You pay a good accountant to balance out your books and a financial advisor to back check your investing strat, but if you had the money you probably would't be post how to smartly pay less tax on HC.

It makes sense to do this if you are rich, but if youre trading not for income then its easier and cheaper just to pay company tax and offset your taxes with other investments so you pay zero tax, but if you spend nothing the bank doesn't lend to you so also keep that in mind.

Look into commercial investing triple net property, Two units> 1 house> 1 commercial property>2 commercial property >4 houses/townhouses, FIRE! Also, early series investing for both equity and crypto.

If you have enough ADA crypto, you will be able to stake for sundaeswap airdrops when they launch it. easy money and ada is for sale right now. Also look into Liqwid and cardstarter is like seed investing.

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Last edited by aussieasxboss: 23/05/21
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