I urgently needed come advise. I am an Australian citizen with an entrepass residency status in Singapore. I have recently bought a positive cashflow property in Australia and would like to secure a loan in Singapore. There appears that there is no issues with the approval proces from the bank.
Question is what sort of tax rate would I have to pay on this property? I assume I pay the income tax in Australia even though I obtain the loan in Singapore and am a resident here? Can I claim depreciation benefits? I am just concern that given high tax rate, the return would be minicure.
What if I was to purchase the property in a non trading company in Singapore? What tax implication would that have?
Can some one recommend a accountant who knows about this?
Please can someone shed some light as I need to settle the finance asap.
Thank you.
What happen to customer of Austpac International in terms of tax?
