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Hey snap. I have also been travelling for the last year and...

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  1. 172 Posts.
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    Hey snap. I have also been travelling for the last year and living off dividends, interest and investment property rent. Currently in the Caribbean sailing with no plan to come home.
    I am also in a similar position with tax.
    I will be selling some shares I am currently down on and then buying some of them back (The ones I want back anyway). This will reduce CGT.
    Yes the first $18000 of income is tax free but chances are much of your dividend income won't be included as it would have been paid fully franked.
    Irrespective it's a good problem to have isn't it? Having to pay some tax despite not working.
    Last edited by martyburgo: 11/06/18
 
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