Taxes for foreign property or companies in Australia
Posted: Sun Jan 19, 2025 7:13 am
Example: A UK citizen who receives dividends from an Australian company can benefit from a reduced rate thanks to the tax treaty between the two countries.
Capital gains tax discounts
Tax residents can enjoy a 50% CGT new zealand phone number library discount if they have held the asset for more than one year before selling it. This benefit is not available to non-residents.
Example: A resident selling an investment for a gain of A$50,000 ($32,500) would only pay tax on A$25,000 ($16,250).
Exemptions for international students
International students working part-time in Australia may be exempt from tax if their annual income does not exceed A$18,200 ($11,800).
Got it? Let's move on to the tax obligations of foreign properties and companies. If you're thinking of investing in the land of kangaroos, this is certainly one of the things you should pay the most attention to. Australia has a tax system structured to ensure the contribution of foreign companies and owners to economic development. As we did when talking about taxes applicable to individuals, let's give some examples to better understand the details.
Capital gains tax discounts
Tax residents can enjoy a 50% CGT new zealand phone number library discount if they have held the asset for more than one year before selling it. This benefit is not available to non-residents.
Example: A resident selling an investment for a gain of A$50,000 ($32,500) would only pay tax on A$25,000 ($16,250).
Exemptions for international students
International students working part-time in Australia may be exempt from tax if their annual income does not exceed A$18,200 ($11,800).
Got it? Let's move on to the tax obligations of foreign properties and companies. If you're thinking of investing in the land of kangaroos, this is certainly one of the things you should pay the most attention to. Australia has a tax system structured to ensure the contribution of foreign companies and owners to economic development. As we did when talking about taxes applicable to individuals, let's give some examples to better understand the details.