Quote:
Originally Posted by ExPat
I would imagine that this is strictly for the salary portion. Add 12.5% GST and property "rates" and you're really above 40% taxation.
Expat
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Can anyone clarify when the 12.5% GST is charged? Does this apply to rent? I am thinking not, if it is like US sales tax.
We will definitely be renting, at least to start and get our feet on the ground. And what of these "rates" - that sounds like something that would apply to homeowners, like property tax. So another thing to put on the "don't worry about me" list.
Sounds like in the end if you make 50K and take home 40K, then you might spend half of that on rent. That would be 400/wk which I believe will rent a fine place. The point being that if that 20K is not charged GST then only the remaining 20K is actually going to be taxed GST when spent on goods and services as it almost certainly will be in its entirety. That's about 2K of GST paid and 18K left for buying insurance and electricity and most importantly puppy food and digestives. I think the chocolate kind sound best.