I think you are very helpful. Thank you,...

I have assets in Msia, Singapore and in a few other countries. My children are PRs in Australia. How am I able to transfer my assets to them without attracting ATO taxes ?

There is no such thing abt avoiding taxes via trust in SG. Everything must be declared under the 'Foreign Income' section of the ATO's MyGov system or via their tax agents.


If you look at the many statements in many banks in SG, they're talking abt not offering many instruments to AUst residents. This reason for this is simple - the taxation procedures too follow for these residents is tedious.

But I do admit,... there was one doctor here once who claimed he managed to circumvent the ATO, IN A LEGAL WAY. Don't know whether he was a bigmouth or what (he was totally proud abt his achievements in everything, from the funds in his bank acct to his results in IELTS ),... but he has since disappeared from this forum after someone warned him abt something.

If he is still around, we could learn from him and gauge what he says,...

Yes bro,... my daughter wants to become a dancer - performing artist. I sent her to Australia at a young age,... she has lots of opportunities there now,.. AND she is soon, moving to Vancouver to further develop her career in Canada and in The USA.

I can see the your points clearly here, and am agreeable with all you wrote in the above.

... because my boy chose a career in Eng'g,... he managed to enter the top uni with an ATAR of 91. The subjects he took were Chem, Physics, Specialist Maths, 'another simpler' Maths (can't remember the name) and English. These are hard subjects. Some scored 99 in their ATAR,.. but err,... need to look at the subjects they took. Not putting anyone down...

This is if you are able to earn overseas income. Not many Masians are able to do this,... And you continue to pray hard that our Lembaga Hasil Dlm Negeri will never be able to find employees smart enough to impose and enforce international taxation effectively.

Having travelled vastly and invested in many parts of the world,... I think i'd always stay as a Msian Tax Resident.

Okay bros,... I've written enough,...

I'm going to do something adventurous very soon,... contributing medical supplies and services to a war zone.... Since I have nothing better to do in life.

If you don't see me writing here anymore after tonight,... means I did not make it back,........

Wishing all bros here Good Luck in their Investing Career,... and hoping what I have contributed here these few years has helped yuo guys.

This post has been edited by Hansel: Jun 13 2023, 11:10 AM

Thank you,.. been an experience debating with you,...

You're welcome,...

There is no universal answer to your wonderings in the above. The answer depends on your current circumstances. It's just like someone asking me,... is MPACT a good stock to buy now ? There are many ways to answer this,... egs :-
1) If you don't have MPACT now and can take some risks, yes, buy.
2) If you have a lot of MPACT now, then you need to diversify, so, don't buy.
3) If you are a good TA man, then look at your charts,...

Etc, etc,..

If your situation is the same as mine, then my opinions would probably answer your questions. But we do not know each other in-person, hence, it's hard to decide if it is suitable for you to do what I do today.

For myself,.. Msia is not that bad. There are some problems with the system, no doubt abt that,... but haven't yuo thought of the fact that we can exploit these weaknesses to our advantage ?

I'll give another eg : Ringgit is weak, and continues to be so. Bursa, some said, is not good,... so, we invest overseas. The govt id not stopping us, and hs no capability to stop us. Has no capability to tax out earnings internationally. Our Ringgit is weak because our people and govt are incompetent, but this incompetence also allows us to move freely in the outside world without being taxed.

I preferred to think on the 'good' side of things.

Anyway,... no ctry is perfect,... every ctry has its own set of prbs. We just need to adapt to our surroundings.