Any Australians living in LOS who own a house should read this

[johnmcc6]

Just now, mfd101 said:

Fine. My point is that politicians everywhere are confronted daily with people who want more and more out of government services and want to pay less and less in tax. Theoretically it could be done if government administration could be made more efficient (ie sack thousands upon thousands of public servants, which of course costs huge amounts of money to do) but no politicians will ever do that because the voters (of whom the public servants are a large slab) will punish them. I was a Defence bureaucrat and I know of what I speak.

 

The voters get what they vote for.

Amen...

[georgemandm]

7 minutes ago, johnmcc6 said:

I complain and earned every zack I ever had.

We all complain, but that is life . 

love the way I have it now go back to thailand when I feel like it with the thai miss , thailand is great place and so is Australia, but to seat and bag a great place like Australia gets my back up . 

Ex pats should thank they lucky  stars they had the chance to make they  fortune in Australia and be able to live in thailand.

 

[georgemandm]

12 minutes ago, InMyShadow said:

Australia leads the world in Nanny status.

 

look at the disabled pensioners who are not allowed to spend more the 2 weeks outside of oz before they are cut off! really?  there view is if you can fly your not to sick to work. Ever seen people in wheel chairs flying..amazing Australia ..it can be done!

 

thialand is less of a nanny state even under junta unless you like a drink on Buddhist days

Do you have any idea why that happened, I think not .

if you think Australia is a nanny state, you should seat and look how nanny state thailand is .

go and  research why the Australia government changed the disabled pension .

you will be very  surprised , because of people  rotten the system that is why it was changed. 

[georgemandm]

11 minutes ago, tomwct said:

the Nanny State getting Bigger!

Yes it is thailand nanny state 

[Prbkk]

It would be a pity if innocents get caught up in this contemplated change: it is intended to curb Chinese investment in real estate, specifically Sydney and Melbourne. Investors have been buying , leaving the properties vacant and then selling a year or two later for a 20% gain.( not small change on properties worth 1-2 million or more, although stamp duty is 70,000 or more on the purchase price and agent's  commission at least 30,000 on the sale).

 

[Aussieroaming]

I personally would never chose to live there again unless something happened that i cant foresee. Ridiculously expensive, sterile and boring. I rarely go there except to visit family for very brief periods of time and i see nothing there that would entice me to return, but each to their own.

[mfd101]

3 minutes ago, Aussieroaming said:

I personally would never chose to live there again unless something happened that i cant foresee. Ridiculously expensive, sterile and boring. I rarely go there except to visit family for very brief periods of time and i see nothing there that would entice me to return, but each to their own.

I spent 41 years of my life in Canberra ?... so now I live at the end of the world and am mostly quite happy (though the chaos, inefficiency & inability to plan of my family get me down ?).

[Aussieroaming]

7 minutes ago, mfd101 said:

I spent 41 years of my life in Canberra ?... so now I live at the end of the world and am mostly quite happy (though the chaos, inefficiency & inability to plan of my family get me down ?).

Chaos, inefficiency and unpredictability are all the things that make living in another country enjoyable. 

[damian]

What if you sold to a family member who is a resident for $1 who then sold it on for you? Stamp duty will be a hit I guess but better than the tax?

[Jdiddy]

Meh, they are welcome to come over to LOS and collect their tax if they really want it

[ripstanley]

2 hours ago, Prbkk said:

It would be a pity if innocents get caught up in this contemplated change: it is intended to curb Chinese investment in real estate, specifically Sydney and Melbourne. Investors have been buying , leaving the properties vacant and then selling a year or two later for a 20% gain.( not small change on properties worth 1-2 million or more, although stamp duty is 70,000 or more on the purchase price and agent's  commission at least 30,000 on the sale).

 

Good to see someone is back on track with the thread

[wildewillie89]

Some people gain and some people lose out. Play the system I guess. I got my bachelor paid for by the government, and now am using it in Thailand. So I will never have to pay it back. Then I came, married a Thai government official, so are now playing the Thai system. So I got free education in Australia, without having to go through the pain of buying the expensive house, and instead live in Thailand where the Thai government pay 30% of the Mrs home loan. 

 

In saying all that it was literally only because I can get everything that I was getting in Melbourne and a bit more in Thai that I moved. If I couldn't get the benefits Australia provides here then no way would I move (I really wonder why people do move and then complain non-stop - ie the majority of the forum lol). Melbourne hasn't been voted most livable city in the world 6 years in a row for no reason

The only time people stop complaining about Thai is to complain about their home country it seems - which is possibly to make themselves feel better about not being happy here in Thai...who knows. 

Edited August 3, 2017 by wildewillie89

[ghworker2010]

4 hours ago, psyvolt said:

Hyperbole much...

 

Sunday rates were only cut for a select few industries (which I still don't agree with, but it wasnt a cut across the boards)

Energy costs are not the highest in the world, far from it, and neither are fuel costs. Where did you get this rubbish from???

Food prices are high, but again not anywhere near the highest in the world and comparing it to two areas are silly, but then again - you also fail to mentiom Australians have one of the highest weekly wage earnings.

Good that the gov finally put the GC spit issue to bed. Dragged on far too long.

Unemployment rampant- compared to what? It's actually low (5%). So again, your whinge has no basis. Which also goes for your drug rant. 

Your whole post is nothing more then alikely baseless pathetic rant.

Come on... The energy prices are absolutely expensive and unregulated. It was in the news a few weeks ago about another 20% price rise. 

[malcoml]

I would say relax for now as it will just be a draft.

 

Also they will calculate it on that 2012 value. Which is open to opinion.

 

So property bought after 2012 already had lost CGT exemption.

 

So lets say in the 90' you bought a 150,000 house that is now worth 400,000. But had an estimated value of 320,000 in 2012. 

You are looking at a $24,000 tax bill instead of a $12,000 tax bill.

 

Not a great situation but the world is not coming to an end.

[Foozool]

"I don't know much about these things, but wouldn't they be trying to stop say Chinese investors buying up Australian properties, and then after a time selling them?
These people are only investing and driving up the house prices, then selling for big profits."

 

 

Chinese and Koreans doing the same in California. 

Low interest for cash money. They invest the cash on properties and properties prices/rent pulling up sharply every year. Rent is already crazy high in San Francisco. LA will be the same soon. 

 

[dlodratsab]

16 hours ago, ghworker2010 said:

Australia has gone to the dogs. You couldn't pay me to live there. Screwed up govt run by old dinosaurs driven by revenue raising goals. 

sounds like another "old country" I could name....

[georgemandm]

7 hours ago, ghworker2010 said:

Come on... The energy prices are absolutely expensive and unregulated. It was in the news a few weeks ago about another 20% price rise. 

How would you know that ? .

The news talks  lots of rubbish as we all know .

Not saying  electricity is not  expensive , it can be like thailand, but at less in Australia you can go  solar power and it is free  electricity , it takes  5 years to get your money back from the solar  panels and then you get your  electricity for free . 

[malcoml]

4 hours ago, Foozool said:

"I don't know much about these things, but wouldn't they be trying to stop say Chinese investors buying up Australian properties, and then after a time selling them?
These people are only investing and driving up the house prices, then selling for big profits."

 

 

Chinese and Koreans doing the same in California. 

Low interest for cash money. They invest the cash on properties and properties prices/rent pulling up sharply every year. Rent is already crazy high in San Francisco. LA will be the same soon. 

 

It is worse than that actually.

 

Property is being bought up by non residents and then left sit vacant.

 

Causing a huge housing problem.

[Thian]

19 hours ago, steven100 said:

This has happened over the last 10 yrs or so.

Sunday penalty rates squashed.

The highest energy prices in the world.

Food prices are higher than the US & EU

Petrol prices are at their peak.

The Queensland gov just quashed a 3 billion $ casino meca project for the GC.

Unemployment is rampent

Drugs are out of control in most VIC schools

Ice is rampent in most Queensland country towns.

 

Need I go on .....   there is more ..

a litre gasoline costs 0.825 euro in OZ....So you're writing absolute bs here mate...it costs 1.8 euro a litre in Europe.

 

http://www.globalpetrolprices.com/Australia/gasoline_prices/

 

Aussie vegy is cheaper in BKK than in Europe as well and i bet the meat is far cheaper than in Europe.

Edited August 3, 2017 by Thian

[steven100]

38 minutes ago, Thian said:

a litre gasoline costs 0.825 euro in OZ....So you're writing absolute bs here mate...it costs 1.8 euro a litre in Europe.

 

http://www.globalpetrolprices.com/Australia/gasoline_prices/

 

Aussie vegy is cheaper in BKK than in Europe as well and i bet the meat is far cheaper than in Europe.

If you read my comment correctly, I stated .. petrol prices are at their peak '  

Where did I say '   compared to Europe  ???

Some food in Australia is more expensive than EU and the US.

Also, try going out to a restaurant and ordering a steak ...  it's cheaper in the US.

I am not speaking bs. thank you.

[wildewillie89]

4 minutes ago, steven100 said:

If you read my comment correctly, I stated .. petrol prices are at their peak '  

Where did I say '   compared to Europe  ???

Some food in Australia is more expensive than EU and the US.

Also, try going out to a restaurant and ordering a steak ...  it's cheaper in the US.

I am not speaking bs. thank you.

Isn't Australia's minimum wage double the US? So boohoo if a steak is cheaper. People can actually work jobs and not have to rely on tips to buy that steak.

Edited August 3, 2017 by wildewillie89

[namoi]

Just a few days ago the news here in bisvagas was that there is an average of 400 of people having their power disconnected because of failure to make the payments

[Thian]

1 hour ago, steven100 said:

If you read my comment correctly, I stated .. petrol prices are at their peak '  

Where did I say '   compared to Europe  ???

Some food in Australia is more expensive than EU and the US.

Also, try going out to a restaurant and ordering a steak ...  it's cheaper in the US.

I am not speaking bs. thank you.

The highest energy prices in the world.

 

Well for sure not for gasoline which still costs more than double in europe than in Oz...And the cars in Europe drink half of the amount of aussie cars.

For electricity i also bet Oz is cheaper but i'm too lazy to find proove. Also tax in Europe for sure is much higher than Oz...cigarettes though can be more expensive down under but beer is also cheaper in Europe.

 

[bazza73]

I saw the writing on the wall and sold my house in Oz two years ago. Expats have no voting power as a bloc, that's why the politicians can ignore us.

What does interest me is how much revenue this bureaucratic brain fart will actually generate. As I understand it, to dodge the bullet, all you need to do is go back to Australia and live there while you sell your house.

I'm guessing the next step will be an attack on pensions, on the grounds we are not spending it in Australia.

 

[Peterw42]

This proposal effects "non "residents. It is possible to remain a "resident for taxation purposes" and be outside of Australia. There is a calculator on the ATO website to determine if you are still a resident for taxation purposes. It asks questions like where do you live, are you coming back, do you still own a house etc.

If you answer yes I live in Thailand and I'm never coming back, i dont own a house in Australia etc, yes you are a non resident for taxation.

At any time, if you tell the Gov you live in Australia, consider Australia home, have not moved to another country etc then you can remain a resident. Its not illegal to be outside of Australia and does not automatically make you a non resident.

So long as you not earning money in another country, own a house in another country, spend all your time in another country, (or at least dont tell them) you are travelling. not a resident of another country.

Keep doing tax returns in Australia, pay tax on income (interest, dividends, rent etc), keep a house in Australia and you remain a resident for taxation purposes. The above proposal will not effect you.

 

Edited August 4, 2017 by Peterw42

[mfd101]

Perhaps my circumstances are different because I'm not on an Old Age pension (but a CSS pension - for retired federal public servants) BUT: when I left Oz permanently in late 2015 my financial advisor advised me to nominate to remain a resident for tax purposes (which is not the same as being a resident for any other purpose). It was entirely up to me which I preferred (no issue arose about where I actually live) but I would be better off remaining a tax resident and paying tax on my sole incomes which are from Oz, but with a Medicare Levy Exemption certificate. And no tax payable in Thailand because of the Oz/Thai tax agreement.

 

I'm guessing that the issue of house and where you actually live arises only in the case of the OA pension and its supplements?

[bazza73]

30 minutes ago, Peterw42 said:

 

If you answer yes I live in Thailand and I'm never coming back, i dont own a house in Australia etc, yes you are a non resident for taxation.

 

 

The ownership or non-ownership of a house is or should be irrelevant for residency purposes. Running a SMSF or putting in a personal tax return IMHO is sufficient proof of residency.

The present government is looking to squeeze wherever it can - anything to avoid the big issues such as negative gearing, trusts and profit shifting by multinationals.

I'm expecting further inroads - for example, having a retirement visa in any country disqualifies one from the OAP.

I've never under-estimated the capacity of a Liberal government for acts of sheer bastardry.

[barrywhite]

On 03/08/2017 at 10:09 AM, steven100 said:

This has happened over the last 10 yrs or so.

Sunday penalty rates squashed.

The highest energy prices in the world.

Food prices are higher than the US & EU

Petrol prices are at their peak.

The Queensland gov just quashed a 3 billion $ casino meca project for the GC.

Unemployment is rampent

Drugs are out of control in most VIC schools

Ice is rampent in most Queensland country towns.

 

Need I go on .....   there is more ..

That's pretty sad.

[Peterw42]

Just now, bazza73 said:

The ownership or non-ownership of a house is or should be irrelevant for residency purposes. Running a SMSF or putting in a personal tax return IMHO is sufficient proof of residency.

The present government is looking to squeeze wherever it can - anything to avoid the big issues such as negative gearing, trusts and profit shifting by multinationals.

I'm expecting further inroads - for example, having a retirement visa in any country disqualifies one from the OAP.

I've never under-estimated the capacity of a Liberal government for acts of sheer bastardry.

Yes thats right about the house, it used to be one of the questions the ATO calculator asked. 

 

 

[thaibeachlovers]

On ‎8‎/‎3‎/‎2017 at 10:06 AM, ghworker2010 said:

The last sentence is exactly right. But its extremely unfair to treat ozzies like this who have been paying taxes all their life. 

Since when did governments give a monkey's about the common man, who's only value is as a source of income to fund their lifestyle?

IMO it's time to restrict all MPs to 2 terms.

 

Mind you, now that Australian dirt has less value, they have to find money from somewhere to support all those welfare bludgers.