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发表于 2014-5-31 07:34:42
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1. I think there's no point to transfer property to your kid's name. Check the date for when you purchased this property. There might have special rules applied in which you don't have to transfer your prperty if you left Australia. Consult with your lawyer that would be better.
2. If you sold out your property before you go to overseas, you don't have to pay capital gains tax because it's your principal resident.
3. If you rented out the property, & returned to Australia within 2 years, choose to live in or sell out the property, still will be treated as principal resident. No capital gain tax.
4. If you returned so many years later and sold out your property, you would be accounted for proportional capital gains. It depends on how much you earn, then how much tax you would have to pay.
5. Meanwhile, rental income receipts while you are absent in overseas, would be treated as non-resident assessable income. You would have to lodge tax return every year for your Australian income source.
6. If you don't rent out your current property, ATO most probably will treat you still have link to Australia. Therefore, your future oversea income may be treated as an assessabe income for Australain tax purpose.
Conclusion:
1. You would have to pay large stamp duty if you transferred the property.
2. My mum taught me to keep all assets until stepping into coffin. Do not give too much valuable assets to your kids, otherwise you will spoil them. |
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