how do I avoid paying taxon my gains? can I move to NZ?
Adam Lewis
I trade Aussie interest rate futures for a prop firm. Over the last month there has been a lot of pressure on the front end of the interest rate curve and a big spike in BBSW rates, suggesting lending stress.
Jason Scott
be brit non dom resident
or open offshore trust fund operating 'trading' business from said trust withdraw profits to 'trust' bank account wont have to pay taxes if its not YOUR money in the eyes of the aus law, which is easier than you may think.
dont be a cuck.
Leo King
is there money to made for a retail trader? How bad is the situation? I there any watercooler insight from the higher ups?
Jackson Williams
have you done this?
Ryder Edwards
uranium yes, a bit over 30% of the entire world's dunno about gold
Jose Reed
im non dom so i dont have to care about anything
Cameron Smith
There's been spikes in other countries short term rates as well with the recent volatility in markets in general, but I know for a fact that people missing mortgage repayments had a decent bump last quarter. The only thing I can think of is buying put options from a retail point of view, but I mean we haven't had a housing correction for a long time and has been 25 years or there abouts since our last recession so generally buying options hasn't been a good strategy. I don't know what else you can do from a retail perspective.
Jack Thomas
so can you pay yourself from it? or buy a house with it? live in it etc. whats the benfits?
Adrian James
no no, i dont have to pay tax on any foreign income
theres a few hiccups and what have you but ultimately it doesn't get better than this
The RBA seems to think that a lot of interest only loans are going to be in trouble over the next 4 years. Would said put options make bank from this?
Lucas Green
oh the britbong way would not apply to me. I was referring to the the offshore trust. Do you know of Aussies that do it this way?
Thomas Adams
yes a few, mostly brits and euros tho. most people dont know the game. the whole system only works if people are scared, and most people are scared.
it can absolutely be done legit but you will have trouble legally bringing money BACK INTO australia tax free. but if you don't want to pay extortionate over the top taxes on your crypto, dont worry theres a 100 ways to do it but you just wont be able to transfer the money back into an australian bank account legally(in most cases)
australia is so damn expensive anyway boyo, your better off taking your gains elsewhere anyway.
Joshua King
Ok thanks. Anywhere you would recommend. I don't see this country getting cheaper anytime soon
Brody Myers
But...thats not an insult...MATE
Justin Cook
Notma ae. howzgarn?
Adam Scott
Sent in my feedback, hope the ATO realise how retarded it is to bring this tax in so late into the financial year at least
