Author Topic: Off Shore  (Read 3274 times)

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Offline Donna

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Off Shore
« on: 27/05/2008, 08:47:40 PM »
Hi David,

Sean suggested that you might be able to help me with off shore structures to enable me to compound my earnings before bringing them back into Oz where they will only then attract tax.

I have information regarding Vanuatu but it seems to be a little "hot" at the moment with the Tax office investigating tax fraud.

Any suggestions?  Thanks.




Offline David_S

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Re: Off Shore
« Reply #1 on: 27/05/2008, 09:09:10 PM »
Hi Donna,
Providing you don't tell the ATO about my Swiss account...... ;)

Unfortunately,  I don't really have an offshore structure. Since I currently live in the UK, I've classified myself as  a non-resident for tax in Australia. My trading is conducted through an Australian registered company so as an officer I must comply with all relevant rules in that arena.

When I did briefly look at offshore structures I needed to be out of the UK so often the airfares would have killed any tax relief. I'm not an accountant or anything like that, but I believe that the ATO has a general rule that Anything you earn, Anywhere in the world, While an Australian resident for Tax, is taxable by them.

Regards,
David



Offline Donna

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Re: Off Shore
« Reply #2 on: 27/05/2008, 09:19:36 PM »
Thanks.   :)