Legitimate ways to reduce tax

[clowboy]

Hello all,

With the end of the finacial year just around the corner I'm looking for ways to reduce my tax bill this year.

The obvious way is to negative gear, also was looking at Tree farming or the likes but have been advised that it is a Dud.

Anyone have any tried and proven methods?


Thanks

 

[wayneL]

Hello all,

With the end of the finacial year just around the corner I'm looking for ways to reduce my tax bill this year.

The obvious way is to negative gear, also was looking at Tree farming or the likes but have been advised that it is a Dud.

Anyone have any tried and proven methods?


Thanks

Move to Bermuda?

 

[tasmanian]

move to bermuda!!!

so whats the story there then.can i move to bermuda and still trade aussie stocks through my comsec account and not pay any tax???do i have to live in bermuda a certain amount of time per year???can i come to oz say 3mths a year.

what other countries is this possible.im interested.any advice on this would be much appreciated

cheers

 

[insider]

move to bermuda!!!

so whats the story there then.can i move to bermuda and still trade aussie stocks through my comsec account and not pay any tax???do i have to live in bermuda a certain amount of time per year???can i come to oz say 3mths a year.

what other countries is this possible.im interested.any advice on this would be much appreciated

cheers

Hey I did a thread called "Beating the Taxman" should look it up... there's heaps on offshore accounts...

 

[tasmanian]

cheers insider ill see if i can find it.

living overseas 9mths a year sounds a good deal to me.open a little business in bermuda or somewhere where living expenses are low. and trade now that sounds the go

cheers

 

[clowboy]

Hey I did a thread called "Beating the Taxman" should look it up... there's heaps on offshore accounts...

Offshore doesn't help my Aussie liabilities, and I don't have a big enough tax liability to warrant the expense

 

[insider]

Offshore doesn't help my Aussie liabilities, and I don't have a big enough tax liability to warrant the expense

Well soooorreeeee ... I thought I was addressing that...

There's also info on what you're talking about... good luck on the voyage...

 

[clowboy]

Well soooorreeeee ... I thought I was addressing that...

There's also info on what you're talking about... good luck on the voyage...

Sorry, Didn't mean to offend you.

 

[wayneL]

 

[doctorj]

Move to Bermuda?

A friend of mine did just that this week.

The pay there is astronomical.

 

[wayneL]

 

[insider]

Sorry, Didn't mean to offend you.

No I apologize... I was being sarcastic... the problem with internet translation