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  • November 27, 2014
  • Last updated: 7:57pm
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  1. Business - Money - ASK MELANIE

    Break free from foreign tax shackles and embrace Hong Kong's low rate

    Posted Mar 25th 2013, 12:00am by Melanie Nutbeam

    ... it will hijack you the way it has others, and you might be here a very long time. Resistance usually proves a waste of precious pleasure time. Make sure you have slipped off the shackles of tax-residency elsewhere, taking expert advice on this if necessary. US citizens have a hard time, as American shackles are tight wherever they live. For most of the rest of us, once we are no longer tax resident ...

  2. Business - Money - ASK MELANIE

    Does adding children's names to the deeds of a Hong Kong flat involve any duty or tax?

    Posted Feb 25th 2013, 12:00am by Melanie Nutbeam

    ... abroad) to the title deeds of the property. Would this involve any duty or tax at any stage and, if so, would it be wise to do it in the current financial climate? We are about to start making our ... No stamp duty or other tax is payable when the property passes to the surviving spouse. On the death of that spouse, the terms of his or her will are brought into effect. Assuming no subsequent ...

  3. Business - Money - ASK MELANIE

    Ask Melanie: Tax loans

    Posted Nov 12th 2012, 12:00am by Melanie Nutbeam

    ... to pay the taxman the best way forward? What's the best way to cover my Hong Kong tax bills due in January and April? Should I get a tax loan as interest rates are low at the moment? Let's tackle the second question first. The interest charged on an unsecured tax loan is higher than a mortgage, for example, where your property can be sold if you default. Banks have just ...

  4. Business - Money - ASK MELANIE

    Rules shift on Australian pensions, assets

    Posted Jun 03rd 2013, 12:00am by Melanie Nutbeam

    ... of the Australian tax year in four weeks. All three make it a good time to ensure your inflatable ducks are in a row. The federal budget, much to the collective relief of many Australians, held few ... rules to help meet the fiscal shortfalls of an unpopular government. The rules are complicated enough without being subject to more changes. In the end, the government settled on pre-tax ...

  5. Business - Money - ASK MELANIE

    Calling all retiring types: make sure your superannuation fund stays super

    Posted Feb 04th 2013, 12:00am by Melanie Nutbeam

    ... don't pay as much tax when we're there? Yes, transferring retirement capital to a superannuation fund can be a highly effective strategy for anyone retiring to Australia. Income tax rates ... eligibility requirements and annual contribution limits. Basically, anyone under 65 and working can transfer A$150,000 (HK$1.2 million) to their superannuation fund each tax year (ending June 30), ...

  6. Business - Money - ASK MELANIE

    Swapping Hong Kong for the UK. An adviser here or there?

    Posted Mar 11th 2013, 12:00am by Melanie Nutbeam

    ... for a car and £50,000 per annum for overheads- match them against your assets and liabilities. The hardest part will be working out tax payable on your combined income and whether your assets ... on investments, cost of investing, tax and drawdown on capital to meet unexpected expenses. Living costs may decline if you are less active in later life, but health costs may increase. Downsizing ...

  7. Business - Money - ASK MELANIE

    Prospect of property slump adds to risk

    Posted May 20th 2013, 12:00am by Melanie Nutbeam

    ... and assuming you pay tax at the standard rate, you are eligible to claim the full allowable deduction for home loan interest. If the property is owned jointly, you would only be able to claim ...

  8. Business - Money - ASK MELANIE

    Ask Melanie: Why you should afford to be charitable

    Posted Dec 24th 2012, 12:00am by Melanie Nutbeam

    ... for this has included not only covering the income hiatus but also travel expenses and insurance cover. When making a financial donation, consider the most tax-effective way to do this. A tax deduction ... obtain a receipt for tax purposes while requesting the charity omit your name from its website and other public records. Decide if you want to earmark a portion of your charitable capability ...

  9. Business - Money - ASK MELANIE

    A bird in the hand may cost you a flock

    Posted Apr 29th 2013, 12:00am by Melanie Nutbeam

    ... and compliance costs. These can be heavily offset by company tax breaks, flexibility in selling assets or shares, and the limiting of liability to company assets. The last is compelling if you want ...

  10. Business - Money - ASK MELANIE

    Ask Melanie: How to avoid falling off your own fiscal cliff

    Posted Dec 31st 2012, 12:00am by Melanie Nutbeam

    ... or spending plan. Use a spreadsheet or Word document to list all monthly income and expenses. Tax payments, rent or mortgage repayments, utilities, domestic help, food and groceries, school fees, ... maintenance, tax, and so on). Save any surplus to offset future property costs or add it to investment capital for further accumulation. Cash shortfalls need to be covered either from other investment ...




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