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To: SunSunM who wrote (7892)	8/29/2001 5:00:12 AM
From: Moominoid	Read Replies (2) \| Respond to of 74559

He said that non-citizens can't buy any housing property they like here. It is difficult to believe that he is correct. We have a very small government debt in Australia. The foreign debt is private. There are some crazy rules here like the FIF provision. If you pay Aussie tax you must pay CGT on unrealized gains on foreign investment funds. This even applies to superannuation and pension funds that you can't access until a certain age. Then for example you can't offset expenses on foreign investments against capital gains on them or against Australian income. Expenses, such as margin interest must be offset against dividends. This doesn't apply on Australian income where investment expenses can be offset against any income. However foreign capital losses and gains and Australian ones can be offset against each other....