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World (MSCI) Index fund.

Discussion in 'Managed Funds & Index Funds' started by Johny_come_lately, 28th Oct, 2009.

  1. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    SE Queensland
    Hi Everybody,

    I am a day away, from buying into an international index fund. I am a bit wary, as I have only invested in Oz. I have decided to go unhedged. The fund invests in UK/US/Euro/Japan.

    The MSCI index which the fund has been tracking is down 30% over the last 10 years. With the strong Aussie dollar and cheap unit prices, I can afford to buy in. I don't expect much for the next 5 years, so it will be a "set and forget".

    Question:
    If the fund pays company tax overseas, can I claim tax credits in Australia (I am only on the 15% rate).




    Thanks Johny.
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    The fund should generally give you a detailed distribution report at the EoFY which details the exact nature of the income received.

    If there is foreign income, I believe the country it was earned in will determine whether there are any credits which can be claimed ... the fund should detail those in its EoFY tax report.