If the beneficiary is a foreign resident for Australian tax purposes, they’re still treated the same as a tax resident because the death benefit is considered Australian income. The only exception is if the person is a tax resident of somewhere that has a double tax agreement with Australia....
You pay for the goods yourself, and your purchase must be for personal use, not for any business purposes; Your purchase costsat least 300 AUD, including GST. A “purchase” is defined as an item or a set of goods bought from a supplier with the same Australian Business Number; and You...
Research is an important part of trading, especially in Australia. If you want to trade on international markets as an Australian resident, you’ll also have to consider trading hours. You may well end up trading early mornings or in the middle of the night, based on which market your desi...
Know Your PIN:Every Chinese ATM will ask you for your PIN number, whether you’re using your debit card or a credit card. If you’ve forgotten your PIN number, do a bit of research to make sure you know what it is. Factor in Fees:When you think about your budget, consider the ATM...
aFor investment income tax purposes, the term “interest” includes: interest on loans and credit facilities, bank deposits current accounts, government and corporate bonds, and shareholders’ advance loans to their company. Domestic interest payments to resident and non-resident individuals and companie...
Thecapital gains tax reportuses the 'discount method' for shares that have been held for more than a year and the ‘other method’ for shares held for less than a year. The discount rate is based on the Australian tax settings you select when setting up your portfolio: ...
(subclass 103) or the more expensive contributory parent visa (subclass 143), which may qualify you for permanent residency after a certain period. In either instance, you must be the parent of an Australian citizen or permanent resident, or a qualifying citizen of New Zealand, in addition to...
Your tax status is another important consideration. There’s lots to think about that might affect where you travel to, and how long for. For example, you may be able to declare yourself a non-resident of the UK for tax purposes - but that would mean you wouldn’t be able to return ...
Can you get a mortgage in Australia as a non-resident Yes, it is possible to secure a mortgage with an Australian bank or lender as a foreign citizen. However, some added restrictions or conditions may apply. This may look like: Fewer mortgage products to choose from Less competitive financi...
A California “resident” includesan individual who is either (1) in California for other than a “temporary or transitory purpose,” or (2) domiciled in California, but outside California for a “temporary or transitory purpose.” Cal. Rev. & Tax. Code § 17014(a). ...