KirkyG

Thanks everyone for your replies.

Dear all Am just after a bit if help and advice. My mother has been diagnosed with dementia and Alzheimers, and my sister (who lives in the UK) and myself (who does not) would like to set up power of attorney for us both to be able to help manage their funds/pay bills etc. I have been to the following web site https://www.moneyadviceservice.org.uk/en/articles/setting-up-a-power-of-attorney#what-is-a-power-of-attorney but I guess my question is that as my father is still capable - can he sign the form on my mums behalf? I have yet to check but if the bank accounts and corresponding bills are all in my mothers name, how do I get her to sign/approve the forms? Many thanks in advance for any help that can be provided. KirkyG

I'd second and third this. They have been invaluable in helping me navigate my tax affairs in both UK and AU.

GMTax is my recommendation also.

As a 457 visa holder you also have the opportunity to withdraw your Super contributions (but be taxed on them) when you leave Australia. Once you went PR they would be locked in until retirement. Also you would have to pay for schooling in NSW (and other states)

I found that most lenders would only lend me an amount for the term of my 457 visa.

Let me know what you end up doing.

They've agreed to go. I'm selling with vacant possession

Ouch! Hope my tenants behave better than that!

Agreed, sorry for being unclear, my understanding of the situation is The CGT in the UK has been reset as at the 5th April, so whatever you paid for the house is irrelevant. You need to understand the valuation of the house as at this date eg. House valuation as at 5th April = 400,000, House sale price = 410,000 means a capital gain of 10,000 which is taxed appropriate to your tax band. If you sell it at the same amount as the valuation then there is no taxable benefit. The CGT in Oz is as follows; IF the house in the UK was your last primary residence and you have not purchased property in Australia, then you have 6 years from the point at which you last resided in that house before there is a capital gain due. Both the above are appropriate to my situation but in cases like this I thoroughly recommend taking expert advice.

Hi Alan I did send you an email asking for more information about this as I still don't really understand how it can benefit me.... Cheers Kirk

Big day today - accepted an offer on my (tenanted) house.

Thanks

What do you have to do to become a citizen? If you have been here for 4 years (2 as PR) is it as simple as booking a test and then apply for a Passport?

I'd recommend Alan Collett and his company highly. I used to use a general Australian accountant and I have been given advice that didn't take into consideration my UK tax position accurately on a number of occasions. I have just signed over to GMTAX.