Hi Ozbargain Community,
I thought I will give a crack at the share market reading some of the financial threads over here and bought some international shares using CMC and Nabtrade. I had the following questions and was looking for answers:
With the Australian shares, I received letters (hard copy) stating that I have made the purchase but never received any letters (hard copy) for the international shares. Is that how it works? Or do I need to do something about it?
Second question from the ATO perspective, with the ASX shares, I have provided the TFN information on both the platforms (NAB and CMC) as well as on the Likt and Computershare platforms ? Do I need to complete any more paperwork to meet the ATO regulations?
Third question- what do I need to do for the international share from tax perspective? Do I need to fill out the W-8BEN form? From memory, I think I filled it out on CMC trade but am not sure it is available on NABtrade? Any advice on it to meet the regulations requirements?
Any other advice related to this topic from your experience
Thanks in advance for taking time and providing advice/information.