In this informative video, we delve into the crucial topic of ETF and Managed Trust fund domicile and its impact on tax efficiency for Australian investors. Fund domicile refers to the legal jurisdiction where an investment fund is registered, influencing tax rules and implications significantly.
Join us as we explore the differences between Australian-domiciled funds like the iShares Core S&P 500 ETF (stock code “IVV”) and U.S.-domiciled funds such as Vanguard’s U.S. Total Market Shares Index ETF (stock code VTS), shedding light on key tax considerations like Foreign Withholding Tax, Dividend Tax, and Estate Taxes.
We break down complex tax scenarios, including the challenges and advantages associated with each fund domicile. Discover how foreign withholding tax affects returns, the impact of dividend tax treatment, and the long-term implications of estate taxes, especially for non-American investors.
Through detailed analysis and real-world examples using investment tools like Sharesight, we provide actionable insights to help you make informed decisions and optimize your investment portfolio's tax efficiency.
If you're an Australian investor navigating the complexities of ETF taxation, this video is a must-watch! Don't forget to like, subscribe, and check out related content for deeper insights into Australian taxation on investments. Thank you for tuning in!
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💰 The Excel Template that I use to track my taxes can also be purchased at my online store here: www.etsy.com/au/shop/MoneyWit...
Chapters
0:00 Intro
0:12 What is a Fund Domicile?
1:08 How do different Fund Domicile's impact investors?
1:29 Foreign Withholding Tax and Fund Domicile?
2:31 Foreign Tax Credits and Fund Domicile?
3:10 Dividend Tax and Fund Domicile
5:11 Comparison of Dividend Tax: IVV
8:18 Comparison of Dividend Tax: VTS
9:32 Estate Taxes and Fund Domicile in United States
LINKS MENTIONED
💰How to Enter ETF Tax Statement in MyGov Tax Return with no Pre Fill | 2023 Australian Tax Return • How to Enter ETF Tax S...
💰 Capital Gains Tax (CGT) on Shares and ETFs for Beginners | Australia 2022 Tax Return • Capital Gains Tax (CGT...
💰How Capital Gains Tax is Calculated in Australia • How Capital Gains Tax ...
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ATO LINKS
🔗 MyGov help login.my.gov.au/mygov/content...
DISCLAIMER: it is important to note that the information in this video is for general information and entertainment purposes only and is not a replacement for professional advice. Money with Dan is not a financial advisor. You should consider seeking independent legal, financial, taxation or other advice to check how the information in this video relates to your unique circumstances.
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6 авг 2024
