Being an expat I've always had to balance minimizing my Japanese tax with keeping enough income visible to satisfy Oz lenders. This has generally not pleased my wife who'd prefer we kept every yen hidden under the bed or in ficticious persons' bank accounts ... a famously popular system over here. Well now after expanding our English school we have a Japanese Company and need to decide how much salary to pay oursleves, keep in the Co and hide outright.
So my question which is primarily aimed at mortgage brokers or those in the lending arena is, would Oz banks take into account our Japanese Co profit if we desired to include as our income in a loan application ? We are the sole share owners and directors of the Co.
So my question which is primarily aimed at mortgage brokers or those in the lending arena is, would Oz banks take into account our Japanese Co profit if we desired to include as our income in a loan application ? We are the sole share owners and directors of the Co.