Tax / best structure on US Rental Property while in Oz?

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Tax / best structure on US Rental Property while in Oz?

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#11 (permalink)

29th October 2009, 07:26 AM

Bevdeforges Bevdeforges is offline

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Bevdeforges has a spectacular aura about

Originally from usa.

Expat in france.

Quote:

Originally Posted by amaslam

C'mon Bev, it's all about the Benjamins

Can't have too many Americans enjoying tax-free income now can we

I think this is the reason my spouse hasn't gone for PR in the US yet, the whole tax thing for life (hey I don't even live there and I gotta pay?!?!??)

The cynic in me (about 90% of the total) says you're right. Fortunately, though, most American expats wind up paying only very little, if any, taxes back to The Old Country, thanks to the earned income exclusion.

Trouble being that the popular image of the expat is one of a champagne and caviar swilling cad swimming in endless wealth. Don't we all wish?
Cheers,
Bev

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