Grow Capital First

Discussion in 'Investment Strategy' started by MTR, 29th Apr, 2016.

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  1. Beano

    Beano Well-Known Member

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    I re read your question
    All the properties are self funding so no servicing from australia needed
     
    Beano, 21st Jun, 2016
    #121
  2. hash_investor

    hash_investor Well-Known Member

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    self funding in terms of loan repayments? Did you get the loan in the country where property exists?
     
    hash_investor, 21st Jun, 2016
    #122
  3. Beano

    Beano Well-Known Member

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    Yes but HK had no loans.
    But tax is low in HK
    Only 15pc hence no need for loans (interest has no tax)
     
    Beano, 21st Jun, 2016
    #123
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  4. hash_investor

    hash_investor Well-Known Member

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    Aah.. ok. So you own them outright now.
     
    hash_investor, 21st Jun, 2016
    #124
  5. Beano

    Beano Well-Known Member

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    Yes low tax compared with Oz
    I forgot to say I am quite tax focussed too ...but that's another story for another day
    But nothing exciting actually it's pretty boring I just like read about tax before I invest
     
    Last edited: 21st Jun, 2016
    Beano, 21st Jun, 2016
    #125
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  6. Barny

    Barny Well-Known Member

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    @Beano, you really need to start a thread. People will not stop asking you question after question in this thread. Do it
     
    Barny, 21st Jun, 2016
    #126
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  7. Beano

    Beano Well-Known Member

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    I am a newbie
    How ?
     
    Beano, 21st Jun, 2016
    #127
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  8. House

    House Well-Known Member

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    image.jpeg
     
    House, 21st Jun, 2016
    #128
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  9. hobo

    hobo Well-Known Member

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    Go here: General Property Chat (I *think* that's the best place for it at the moment, seeing as we don't have an interviews section yet).

    Then click the "Post New Thread" button at the bottom of the page.

    Then tell us e-v-e-r-y-t-h-i-n-g. (Just kidding - whatever you are comfortable telling, of course.)

    Please. :D
     
    hobo, 21st Jun, 2016
    #129
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  10. wogitalia

    wogitalia Well-Known Member

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    Are you not an Australian tax resident? Otherwise I'm not sure how HK's tax rate is relevant to the tax that you're paying on your investments or really a consideration for the investment?

    Well done on the amazing portfolio, that's some serious semi-passive income you've got going on!
     
    wogitalia, 21st Jun, 2016
    #130
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  11. Username86

    Username86 Well-Known Member

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    Dude there is nothing boring about 1.9 freaking million dollars!!
    I would also love to know how you even begin to invest in an overseas market.
     
    Username86, 21st Jun, 2016
    #131
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  12. Chabs

    Chabs Well-Known Member

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    :D

    Its about value and RoI :)
     
    Chabs, 21st Jun, 2016
    #132
  13. Beano

    Beano Well-Known Member

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    https://www.ato.gov.au/Individuals/International-tax-for-individuals/In-detail/Foreign-income-of-

    Australian-residents/Foreign-income-exemption-for-temporary-residents---introduction/
    I am a NZer and a Australian tax resident but a temporary tax resident so not taxed within Australia on overseas sourced income unlike a Australian or NZer that is a permanent tax resident
     
    Beano, 21st Jun, 2016
    #133
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  14. Beano

    Beano Well-Known Member

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    So given the choice .....
    Would you prefer to
    pay 15pc on the net profit (in HK) or 45%+ in Australia or 33% in NZ
    pay Land Tax in Australia or none in NZ and HK
    pay Stamp Duty in Australia and HK or none in NZ
    pay Capital gains tax in Australia or none in HK and NZ
    pay tax on the interest on Spare funds ib Australia at 45%+ or nothing in HK or 2% in NZ
    its our choice to have more to re-invest or less to re-invest...that's the relevance
     
    Beano, 21st Jun, 2016
    #134
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  15. hash_investor

    hash_investor Well-Known Member

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    Do you have a tax reason for living in Australia?

    Amazing how low tax rates in NZ are
     
    hash_investor, 21st Jun, 2016
    #135
  16. Beano

    Beano Well-Known Member

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    Beano, 22nd Jun, 2016
    #136
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  17. MTR

    MTR Well-Known Member

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    that's a hard one
    fascinating, love to know how you source finance in HK
    Also know about the tax benefits in HK, absolutely brilliant.... now just start a post would love to hear more.
    Congratulations, are you kidding......not at all boring:)
     
    MTR, 22nd Jun, 2016
    #137
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  18. Beano

    Beano Well-Known Member

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    I only swotted up NZer tax in Australia (NZ and HK) Australian in Australia have different rules
     
    Beano, 22nd Jun, 2016
    #138
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  19. MTR

    MTR Well-Known Member

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    thanks for Sharing
    I think Australian tax for property investors/developers suck big time, I am paying stamp duty, GST, and tax at 30% on sale of developments. Two can play at this game, I have a very smart accountant on board now:)
     
    MTR, 22nd Jun, 2016
    #139
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  20. hobo

    hobo Well-Known Member

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    @MTR Did you change accountants?
     
    hobo, 22nd Jun, 2016
    #140
Page 7 of 13
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