How to reasonably avoid tax on Australian work visa?

In the face of Australia's perfect and complex tax system, how to avoid taxes reasonably and protect personal assets? Shi Qiang Overseas Life Consultant introduced the following reasonable tax avoidance methods to many Australian immigrants, hoping to help everyone.

1. Interest, maintenance and depreciation can be deducted in the first few years of investing in Australian real estate. But the fourth or fifth year will be neutral. Later, it was in full gear. If the rent of the house is higher than the interest, 10% of the property will appreciate every year, and a little tax will be paid (Australian property stamp duty calculator).

2. Stock margin loan The stock margin loan is an expanded investment. Use stock margin financing and securities lending to repay 25% for yourself and 75% for the bank. The advantage is that the interest on margin loans is tax deductible. Suppose the margin trading income of your stock is 15%. If the interest on margin financing and securities lending is 9% and your marginal tax rate is 45%, then you actually earned15%-9% x 0.55 =10.05%.

3. If you get rich unexpectedly in stock margin financing and securities lending, an emergency measure is to increase the proportion of your salary. Pay only 15% tax on salary sacrifice, otherwise you will pay tax according to your marginal tax rate of that year.

4. Family funds are specially set up for business operators. In this way, the profits from business can be shared among each family member.

5. Husband and wife tax avoidance If the husband and wife's income fluctuates, or they have nothing, they can get a tax preference of up to $540 by buying a spouse's pension for the next party, or changing the property originally belonging to both parties to a higher proportion, or the higher party pays the housework salary for the next party (with written documents), thus reducing the tax rate of the higher party and saving hundreds of thousands of dollars.

6, migrant workers save tax union dues, sunglasses, non-slip shoes, etc. Tuition fees related to part-time jobs include self-study textbooks, reference materials, lectures, travel expenses, etc. Overtime meals. Travel expenses, meals, etc for the second job. Telephone fee, mobile phone fee, newspaper subscription fee, etc. Register a small business to do the same part-time job instead of your personal name. All these methods can help you get a tax refund. Generally speaking, there are not many items declared by migrant workers, but if they participate in diversified operations, there will be rich and colorful tax refund space, such as speculating in stocks after work, trading more than 40 times a year and investing tens of thousands of funds. Better make money. If you lose money, you can report it. If your annual income is negative and you pay less tax, it is equivalent to asking the tax bureau to buy you some bills.

7. There are many reasonable expenses such as computer upgrade, maintenance, battery, car maintenance, insurance, gasoline, entertaining customers, business trip expenses (with vouchers or records), depreciation and loss of household equipment, partial lighting, heating, Internet access, cleaning, partial rent, telephone, mobile phone, postage, stationery, partial newspaper purchase, industry newspapers and magazines, etc. Various industries have specific tax returns. You may not know this, but you should consult your accountant.

8. How to pay less investment value-added tax and try to live in the most value-added Australian property (if you have several Australian properties). Reasonable arrangement of self-occupied investment houses for a period of time. Selling assets (including stocks) for more than one year can enjoy a 50% value-added discount. Choose the one that is beneficial to you in the two methods of calculating VAT year by year and average calculation. When the annual income drops sharply (such as retirement, resignation, long illness, work injury), try to sell your investment house. Make prepayment, debt or tax-saving investment, or transfer income to your own retirement pension contributions, and only withdraw a small amount to meet your living. You can pay less vat on these. Transferring assets between family members at a price below market value will not reduce the value-added tax. If you have invested in Australian real estate and want to get a pension when you retire, remember to transfer it five years before you plan to retire, otherwise it will still be included in your retirement assets.

9. Deferred income and early payment. Negotiate with the employer before June 20th every year, and try to arrange the income with certain time flexibility, such as pension, severance payment, bonus, dividend, annual leave, long-term service fee and sick leave fee, after 7. 1, and you can delay paying taxes on these expenses for one year, so as to provide opportunities for further tax avoidance next year. It can also be understood as a gift from the government. Similarly, there are many fees that should be paid after 7. 1, such as professional newspaper fees, annual industry fees, business-related bills, annual auto insurance premiums, loan interest for the next year, and some investment products that can pay interest in advance, such as borrowing money for investment, charitable donations, and donations to children's schools. You can pay it before 6.30, and you can get a tax refund this year.

For more information, please pay attention to Shenzhen Shenzhen tourist visa.