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Australian Tax payable (ROA)?

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  1. #11

    Join Date
    Nov 2010
    Location
    HK
    Posts
    1,180
    Quote Originally Posted by MerMer:
    There are some Australian accountants here in Hong Kong, who can advise you.
    If you have a HECS debt, the government now requires Australians living overseas to pay it. Payments are calculated on your foreign income.
    So they say but the guidelines are so vague that I dont anyone actually has paid anything yet

  2. #12

    Join Date
    Aug 2017
    Location
    Kowloon
    Posts
    296
    Quote Originally Posted by jw1701:
    So they say but the guidelines are so vague that I dont anyone actually has paid anything yet
    I've had to pay, and so has my other half

  3. #13

    Join Date
    May 2018
    Posts
    47

    do you happen to know any good one with a reasonable rate? I am considering selling an investment property in australia and not keen on paying CGT!


  4. #14

    Join Date
    May 2018
    Posts
    47

    Did you end up finding a good Aussie accountant? Also looking for one who understands expat situations and investments/taxation (or minimization should I say)


  5. #15

    Join Date
    Feb 2009
    Posts
    8,279
    Quote Originally Posted by sydsam:
    do you happen to know any good one with a reasonable rate? I am considering selling an investment property in australia and not keen on paying CGT!
    If you are selling an investment property in Australia, did you ever live in it before? If so, there is a possibility of avoiding CGT based on a number of factors, if not then no good/reasonable accountant can help you avoid paying CGT, you just have to suck it up and pay it. But have you been paying building depreciation on the property for every year you have held it? This affects the amount of CGT you have to pay.

  6. #16

    Join Date
    May 2018
    Posts
    47

    Yes

    I did indeed live in it for about 2yrs and it's been rented out for 2-3yrs subsequently. Full dep schedule also completed and being drawn down past few yrs


    Quote Originally Posted by bdw:
    If you are selling an investment property in Australia, did you ever live in it before? If so, there is a possibility of avoiding CGT based on a number of factors, if not then no good/reasonable accountant can help you avoid paying CGT, you just have to suck it up and pay it. But have you been paying building depreciation on the property for every year you have held it? This affects the amount of CGT you have to pay.