Quote:
Originally Posted by datum1m
Hi
My understanding on capital gains tax is you need to declare all your assets within the first six months of living in Australia on a full time basis, after this first six months anything you bring into the country is classed as income and is taxable. If you travel over on a trip just to get your families visa stamped and then return to the UK this would not trigger the start of your six month period, it only starts when you are living in Australia and paying their taxes.
Regards
Nigel
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Hi Nigel, this is completely untrue. I would recommend speaking to a tax adviser if you are new to Australia as you may potentially have serious issues, if this is how you are looking at things.
Cheers, Andrew