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12
Another reason not to buy Strata committee
Why on earth would you remain a resident for tax purposes, for what, to retain the $18,200 tax free threshold ? Retaining a property as a resident or non resident, attracts you capital gains tax, if I am not mistaken, the capital gains tax is calculated from the very 1st day you purchased it (new legislation) as a non resident, not from the day you left the country as it used to be ? You can negatively gear the property and claim losses as a resident vs a non resident, taketh with one hand (negative gearing), but paying it back with the other hand (capital gains tax), and I reckon the capital gains tax payable will be larger than what you claimed from negative gearing it. Shares are taxable as a resident, did your accountant not advice you that you would be better off as a non resident, i.e. to sell your property before you left the country so that no capital gains tax would apply, and to invest your money into shares/cryptocurrencies whereby no tax is payable as a non resident, unless the dividends on shares were not fully franked. To me, being a non resident has paid off, having sold my property and invested the money into shares/cryptocurrencies, means over the past 10 years, I paid ZERO tax, and my gains outweigh what the property value of my property would be today. I can and do still use Medicare when I return, e.g. it's still active as long as you use it within 5 years, then it resets as you are technically not out of the country for 5 years straight. Have I missed something, e.g. the benefits vs the non benefits of being a resident/non resident ? I have no interest in applying for the old age pension, because returning for the 2 year jail term to make it transportable is one thing for most, but (not feasible) for me because, they apply a thing called deeming, so even if I spent all of those $'s to return and stay to get the old age pension, once they applied the deeming rate to ones assets, they will reduce the old age pension, by 1/3 or a 1/2 or to zero depending on how much money/shares I own. Not interest in returning to a country that is way over priced in any ones means, suffice to say I have no idea how people afford to live in Australia today. Getting out of there when I did a decade ago was perfect and still is, as I am living the life here that I would not have been able to do there, because of the cost of living and the taxes on everything. Each to their own I suppose. -
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Healthy 1 year old girl dies of multi seizures less than 12 hours after receiving 6 vaccines
More innuendo from an unreliable source. Reddit is not science. -
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Healthy 1 year old girl dies of multi seizures less than 12 hours after receiving 6 vaccines
Dear me!! Why not discuss the actual truth? You are wasted here with that level of humour. There is no experiment/paper/trial that shows an entity called a 'virus' ever to have been isolated; let alone shown to cause sickness. You are simply parroting the MSM. Far too much CNN and BBC. Off to the joke section with you Sir. -
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Russia’s economy is doomed
I was hoping you would explain so you might see yourself how nonsensical your argument?/post was. Unless you think that when posters see a doomed economy it will implode within a few months. Give it some time. -
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Visa Options After Work Permit Cancellation
True, but you can get a 7 day extension if you apply and pay for it before the final date. The OP stated that he got a 21 day extension., because it is BOI.
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