| Where Wealth Meets Opportunity | | â |
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It's crucial to recognise that Australia represents only a small portion of the global share market. There are a number of compelling reasons to consider international investing, especially in the US market. For passive investors seeking access to global share markets, it allows them to expand their portfolios and give rise to new opportunities. By trading through Tiger Trade investors can invest in US stocks, ETFs and options, as well as have access to auto-invest for passive investing in the US.
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Tax implications when investing in overseas shares and ETFs
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Reducing taxes on your investments can accelerate your path to your financial goals. However, don't make investment decisions solely based on tax benefits. It's in your best interest to know what tax implications are involved when trading overseas. Some factors to consider:
| 1. Capital gains tax (CGT): CGT on international investments is taxed the same as Australian investments. However, some countries may have a CGT or equivalent that you've already paid, and you may be eligible for an offset.
| 2. Currency considerations: Your tax return needs to be filled with the ATO in AUD. Income from international investments may be subject to two rate considerations:
| The exchange rate at the date you received the dividend if you're receiving income in Australia. When the dividend is in an international account, the exchange rate at the end of the financial year is considered.
| 3. Declaration of foreign dividends: Even if the dividends are not going into your bank account and kept on your trading app you need to declare them to the ATO. They are treated as a dividend reinvestment plan.
| Note: To understand how to structure your investments to maximise your return, it is best to speak to a tax professional who understands your individual circumstances.
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Making tax season easier for investors
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We strive to simplify tax time for you. Whether you prefer handling your taxes independently or with the assistance of your accountant or financial adviser, we equip you with the necessary information and reporting to make consolidating and submitting your information easier.
| Additionally, Tiger Brokers is proud to partner with Sharesight to help investors take control of their investments at tax time. Itâs just another way we help our investors find their investing edge.
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Your all-in-one investing platform
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Tiger Trade allows investors to trade the ASX on their HIN, trade US stocks and ETFs, explore US options and trade stocks on the Hong Kong market. Tiger Trade also offers competitive pricing starting from USD 2 on US trades*.
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| *Regulatory fees still apply. | | | | â |
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Trade over 500 US stocks & ETFs 24/5
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Trade over 500 US stocks and ETFs 24 hours a day, 5 days a week. Australian investors now have seamless access to the US markets, the 24-hour trading feature providing greater flexibility. During overnight trading sessions, investors will have access to comprehensive market data including real-time trading charts, order books, and market depth analysis.
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| â | | Welcome rewards | | â | Open and fund a Tiger Trade account today and for a limited time receive the following welcome rewards.
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Tiger Brokers is a NASDAQ-listed global company (TIGR) providing over 10 million users and over 2.2 million account holders with access to the worldâs stock markets. Tiger Brokers (AU) Pty Limited operates under Australian Financial Services Licence No.300767 (issued by ASIC) to provide financial services to Australian consumers. Tiger Trade is CHESS-sponsored, allowing you to trade on your HIN, investments remain more secure in your possession and held in your name.
| Tiger Trade has been recognised by trusted Australian comparison sites in a range of categories.
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Grow your wealth and reach beyond. Open a Tiger Trade account today!
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