Hello
I'm curious on the idea of foreign investments. I'm considering investing in a foreign investment scheme which, for tax purposes, fall under the Foreign Investment Fund Rules ("FIF")
Under FIF, an individual who has more than $50k invested must pay tax on any (realised or UNREALISED) annualised gains.
My question is, if I were to invest $200k in a FIF through a family trust, how is the tax treatment viewed?
Can unrealised annual gains distributed to beneficiaries? Or can you ignore distribution until gains are realised?
Appreciate any feedback on this.
MCM
I'm curious on the idea of foreign investments. I'm considering investing in a foreign investment scheme which, for tax purposes, fall under the Foreign Investment Fund Rules ("FIF")
Under FIF, an individual who has more than $50k invested must pay tax on any (realised or UNREALISED) annualised gains.
My question is, if I were to invest $200k in a FIF through a family trust, how is the tax treatment viewed?
Can unrealised annual gains distributed to beneficiaries? Or can you ignore distribution until gains are realised?
Appreciate any feedback on this.
MCM
