PPRuNe Forums - View Single Post - I want to buy in Australia
View Single Post
Old 6th Oct 2013, 02:26
  #31 (permalink)  
Metro man
 
Join Date: Jan 2000
Location: Asia
Posts: 2,372
Likes: 0
Received 1 Like on 1 Post
Actually I do use it on my properties in Australia, which I probably couldn't have afforded to buy if I had stayed there. Tax on Australian income for non residents is about 29% from the first dollar BUT it doesn't go up after that to the 45% level which locals can easily end up paying. Also I'm not liable for tax on worldwide income.

I've thought about buying a business back in Australia which would make sense provided I don't fall into the residence trap.
Metro man is offline