I originally posted this in the "How do I account for foreign property" thread. However, as the Quickstart guides are actaully relevant to offshore investors with Australian investment property, I've taken the liberty to re-publish them under a more appropriate thread title! My apologies.
I understand from the original thread that Julia Hartman may also have some relevant Overseas booklet information at her website.
The ATO website can also offer valuable general information although it wont be as "property" specific or immediate as the web-based Quickstart guides.
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With a significant minority of our clients representing offshore investors into Australia (ie either Aust citizens living & working overseas or foreign nationals) and having to field the same general questions each time, I finally bit the bullet recently and developed some simple "Quickstart web-based interactive guides" to help these property investors obtain a preliminary understanding of their financing, FIRB annd tax obligations.
You can either choose to go to the mortgageWerx home page by clicking on the link in my signature and then follow the "Offshore investor" links under the property investor menu, or for a more direct path click on the following links.
Please note: the Quickstart guides are designed to provide snapshot solutions to a range of scenarios based on a combination of employment income types and Australian property characteristic (eg. positive & negative geared properties).
GOTO:
Offshore investors home page (...and follow links to drill-down to Quickstart guides)
http://www.mortgagewerx.com.au/Property_investors/Offshore_investors/off-shorepropertyinvesto.html
OR, (...go direct to overview pages & Quickstart guides as follows)
1. Australian citizens working & living overseas (preliminary overview)
http://www.mortgagewerx.com.au/Prop...kingoverse.html
2. Foreign nationals (Preliminary overview)
http://www.mortgagewerx.com.au/Prop...nnationals.html
IMPORTANT:
The Federal Government announced a number changes to the international tax regime in the 2005 Budget that may impact offshore investors that are NOT reflected in the above links. These changes include foreign source income exemptions for temporary residents, reforms to the CGT treatment of non-residents and the abolition of the foreign loss and FTC quarantining rules. At this stage it is generally expected that these changes will first apply to the 2006-2007 income year.
I understand from the original thread that Julia Hartman may also have some relevant Overseas booklet information at her website.
The ATO website can also offer valuable general information although it wont be as "property" specific or immediate as the web-based Quickstart guides.
------------------------------------------------------------------------------
With a significant minority of our clients representing offshore investors into Australia (ie either Aust citizens living & working overseas or foreign nationals) and having to field the same general questions each time, I finally bit the bullet recently and developed some simple "Quickstart web-based interactive guides" to help these property investors obtain a preliminary understanding of their financing, FIRB annd tax obligations.
You can either choose to go to the mortgageWerx home page by clicking on the link in my signature and then follow the "Offshore investor" links under the property investor menu, or for a more direct path click on the following links.
Please note: the Quickstart guides are designed to provide snapshot solutions to a range of scenarios based on a combination of employment income types and Australian property characteristic (eg. positive & negative geared properties).
GOTO:
Offshore investors home page (...and follow links to drill-down to Quickstart guides)
http://www.mortgagewerx.com.au/Property_investors/Offshore_investors/off-shorepropertyinvesto.html
OR, (...go direct to overview pages & Quickstart guides as follows)
1. Australian citizens working & living overseas (preliminary overview)
http://www.mortgagewerx.com.au/Prop...kingoverse.html
a. Quickstart Guide - Resident for tax purposes
b. Quickstart Guide - Non-resident for tax purposes
2. Foreign nationals (Preliminary overview)
http://www.mortgagewerx.com.au/Prop...nnationals.html
a. Quickstart Guide - Resident for tax purposes
b. Quickstart Guide - Non-resident for tax purposes
IMPORTANT:
The Federal Government announced a number changes to the international tax regime in the 2005 Budget that may impact offshore investors that are NOT reflected in the above links. These changes include foreign source income exemptions for temporary residents, reforms to the CGT treatment of non-residents and the abolition of the foreign loss and FTC quarantining rules. At this stage it is generally expected that these changes will first apply to the 2006-2007 income year.
