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International Investing / Australia (All-Ordinaries)

URL:  https://boards.fool.com/gti-have-a-query-on-how-us-authorities-irs-11540484.aspx

Subject:  Re: U.S - capital gains tax for aliens Date:  11/18/1999  9:43 AM
Author:  Manlobbi Number:  939 of 6186

>I have a query on how U.S authorities (IRS)'
> collect .capital gains Tax on foreign investors at
>what rates are applicable to us aliens.
>Can I claim a credit if I declare foreign income in
> Oz?

>Davo

Thanks Davo. This is exactly my question. I just opened an account with Suretrade.com, and we have to submit a W8 form or we are charged 30% on both dividents and all sales!!! Does this match anyone's experience? But after submitting the W8 form and 1001? form, I really don't know what to expect - will we have to pay more than 30% or less? It is absurd to pay so much for every share sale!

Can anyone (1) inform us about how capital gains works for us in Australia when using a service like Suretrade or Firsttrade, and (2) how we can avoid paying capital gains tax.

Regards
Julian
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