Question by David G: How to take out a loan without income record?
I live in Melbourne Australia not working. My main business activities are overseas so that I do not have to work here and pay taxes to the Australian Tax Office. Recently I’m considering buying another house by taking out a home loan in Australia since the interest rate is lower in Australia. I do own a house in Australia but I do not have any income records. So is there a way to convince the bank to give me a loan? My main concern is not to let the tax officer know my foreign assets or income details.
Best answer:
Answer by scat
Sorry – no reportable income – no loan.
Know better? Leave your own answer in the comments!
