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Recent DIY Super Questions

Buying international shares & paying tax

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.


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What does the future hold for IOOF Holdings Ltd?

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 ?


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Australian Securities Exchange (ASX)

ASX has a great chart & reasonable dividends. I see CS has a target price of $55.00 on it. Most brokers have a sell or hold.
Why is ASX not good buying for conservative investor, looking for fair dividends with growth?


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Platinum Asset Management (PTM)

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.


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