Ask a Question
You need to be a full subscriber to access this feature of the Switzer Super Report. Click here to upgrade your subscription or read recently answered questions below
I am an Australian resident for tax purposes. I’m thinking of diversifying into some direct shares in the US. However, I’m unclear on how the tax works in the US and my online research has come up empty.
I understand the Australia side of it (ATO website thank you very much), but what about the US side? If I get dividends or make a capital gain, do I have to pay tax in the US?
Is this done automatically? Are there forms I need to fill in? Do I have to lodge a US tax return? Anything else I need to do?
Any help or point in the right direction would be greatly appreciated.
I would like your opinion please on the future for IOOF Holdings Ltd (ASX:IFL).
I bought at about $8/share several years ago mainly for the attractive dividend yield. The share price rose pleasingly to around $11/share but post the Royal Commission the trend has been bearish to around $5.30 now. Morningstar has fair value at $5.60 with a buy at $2.80 & sell at $9.8, quite a spread! I think that a pending acquisition of ANZ Pensions & Investments business could be important for the future. Is this acquisition likely to proceed? Even if it proceeds, are there other feature of the IOOF business that you like or don’t like for future value and dividend yield ?
What is your opinion of Platinum Asset Management (PTM) right now at around $4.80, and specifically its business long term in Asia? Its share price has come down from over $5 (even though markets generally in Asia are up this year) but still has a 6% dividend yield.