Not if they're fully franked but i dont think PEN would pay out any dividends let alone it being fully franked.
Have they ever paid a dividend? And how long have they been around? Cant see anything in the future that would suggest it either.
So are all forms of profit......
Not if they're fully franked but i dont think PEN would pay out any dividends let alone it being fully franked.
Have they ever paid a dividend? And how long have they been around? Cant see anything in the future that would suggest it either.
Not if they're fully franked but i dont think PEN would pay out any dividends let alone it being fully franked.
Have they ever paid a dividend? And how long have they been around? Cant see anything in the future that would suggest it either.
So are all forms of profit......
Not if a non-resident, as I am. One benefit of living and working overseas and trading offshore. I wish I had found it long ago, yes I would have sold out of PEN and moved on without a second thought.
Dividends and Australian property share related investments are taxable. Capital gains on other shares are not, e.g. mining and resource stocks ...e.g. PEN. Look it up on the ATO website, a federal law passed on this around 2006 I believe to encourage overseas equity inflow to Australian companies.
Capital gains on shares are not a tax liability for me dividends are, so I care not if they ever pay a dividend. I am all but certain I will be long out of PEN, smiling (am now and will be anyway) and retired before that day arrives.
Not if a non-resident, as I am. One benefit of living and working overseas and trading offshore. I wish I had found it long ago, yes I would have sold out of PEN and moved on without a second thought.
Dividends and Australian property share related investments are taxable. Capital gains on other shares are not, e.g. mining and resource stocks ...e.g. PEN. Look it up on the ATO website, a federal law passed on this around 2006 I believe to encourage overseas equity inflow to Australian companies.
Capital gains on shares are not a tax liability for me dividends are, so I care not if they ever pay a dividend. I am all but certain I will be long out of PEN, smiling (am now and will be anyway) and retired before that day arrives.
So what amount of tax do you pay on your capital gains earnings overseas or dont you pay tax at all overseas?
I only pay tax locally on my earnings here, I now pay no CGT on shares traded on the ASX.
Key term "non resident" for taxation purposes.
I only pay tax locally on my earnings here, I now pay no CGT on shares traded on the ASX.
Key term "non resident" for taxation purposes.
I only pay tax locally on my earnings here, I now pay no CGT on shares traded on the ASX.
Key term "non resident" for taxation purposes.
I gather your still an Australian citizen with no residence here?
From memory you live in Indonesia right?
You might be mistaken on your knowledge of the tax law over there. The detection risk is low though.
Just saw your location on the side tab. Not to detract from the PEN thread but I thought it would be useful to note the following:
Indonesia taxes on a worldwide basis. Meaning any gains made in Indonesia or offshore are subject to tax.
An economic gain, be it a capital gain or income, is deemed taxable by the Indonesian authorities. The likelihood of detection is low, but I wouldn't go bragging on a forum that you're not taxed.
My point is this company will never have a dividend so why would anyone want to hold a share like PEN?
whats the point?
PEN however isn't worth a cracker to a serious investor just a penny stock Risk factor for PEN? Plenty unless you your stop loss is in place
PEN could drop 20% 30% in a short period of time and unless you have a stop loss in place you could lose quite a lot.
...your not getting a dividend and you could be stuck with it for a long period of time I find other stocks that i'm more comfortable trading in and out of. PEN isn't one of them.
Have they ever paid a dividend? And how long have they been around? Cant see anything in the future that would suggest it either.
From what Ive seen H/S earnings (taxation of) doesnt seem to be an issue for you.
Just saw your location on the side tab. Not to detract from the PEN thread but I thought it would be useful to note the following:
Indonesia taxes on a worldwide basis. Meaning any gains made in Indonesia or offshore are subject to tax.
An economic gain, be it a capital gain or income, is deemed taxable by the Indonesian authorities. The likelihood of detection is low, but I wouldn't go bragging on a forum that you're not taxed.
Not a dig Jancha ... but don't you trade "RED"? ...... The difference between trading a stock like PEN and a stock like RED is?
............ I know its your warped sense of humour ..... and it is friday .... but still poor form Tech.
The possibility of a dividend down the track now that they're in their early stage of production (talk of it at least) and basically feel more comfortable trading in and out of them when the price seems right. Not holding atm.
Are there companies that you steer clear of?
A follow up from this in early May...
https://www.aussiestockforums.com/f...=5004&page=121&p=701898&viewfull=1#post701898
Until this breaks up through .053/.054 then this is the likely scenario, well, that is in my opinion anyway
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