- 8 June 2008
The OS and non residency has some serious implication on real estate taxes, maybe even rates and stamp duties etcDividend income pa: $36,000 fully franked at 30%
Franking amount: $15,482
Total Taxable Income: $51,428
Tax on Taxable income: $7,981 including Medicare Levey, $228 low income offset and $1,080 Middle and Low Income Offset.
Tax Refund: $7,447.
Just in general. Care to ensure if one does do the OS thing and have an SMSF it does not become a Foreign Superannuation Fund which could then be subject to a 45% tax rate.
Thanks for mentioning the smsf
I have none but it might have some implications on my super funds indeed.i will have to check that