Jump to content

All Activity

This stream auto-updates

  1. Past hour
  2. She has a scv 444 visa so apparently I can
  3. Today
  4. Surely you're not eligible to apply for a 309/100?
  5. It won't really matter from a tax point of view. Once you're resident in the UK, you'll be liable to pay UK tax on the interest whether it's sitting in your Australian bank account or in your UK one.
  6. My wife is a NZ passport holder and we want to live in Australia. Would I be better applying for a 461 visa or a 309/100 visa?
  7. Just a scenario but if I have sold my house and the money is in my Australian bank account, container on it's way to the UK. I have dealt with all outstanding bills here, now have flights booked, so when do I transfer my money to my UK account which I have kept open, do I do it now or when I get to the UK, or do I wait until I am about to purchase a home? Thank you in advance
  8. Yesterday
  9. I think what ken is saying is that only the increase in the value from when you inherited it is taxed. Not the whole amount. You should look at the valuation on transfer to you to establish growth. This will be taxed at your marginal rate. The longer you leave it the more growth therefore more tax to pay.
  10. I went through this procedure last year to get a NT tax code and telephoned HMRC and had to insist to be put through to a tax technician (their term) . They said they were nine months behind in processing these forms and the computer had logged the form from the ATO . I managed to persuade her to deal with it on the phone as she had the documents in front of her and i received the NT code two weeks later .
  11. I have managed to get through by ringing the second the lines are open , or they do reply to e mails
  12. Im not sure this is correct. If I take it as a lump sum now I get taxed at income tax rate. If I tax it once retired my income tax will be lower
  13. Except when the eGates blow up
  14. it's been some time since i went...that sounds great.
  15. It's the same queue: " There are over 270 eGates in place at 15 air and rail ports in the UK to enable quicker travel into the UK. You can normally use eGates if you: have a biometric symbol on the cover of your passport are aged 10+ (10 to 17 year olds must be accompanied by an adult) are either: a British citizen a national of an EU country, Australia, Canada, Iceland, Japan, Liechtenstein, New Zealand, Norway, Singapore, South Korea, Switzerland or the USA a member of the Registered Traveller Service"
  16. After holding on the phone for 1hr on Monday and being cut off by my telco provider, holding for a further 55 fruitless minutes tonight, I’m at my wits end! Does anyone know an easier way to contact HMRC? Ive tried logging on to the app, but it requires identity verification and it asks for details such as UK passport, UK driving licence, UK postcode, none of which I have as I’ve been in Australia for ten years! Im trying to check the status of a tax refund request sent from the ATO to HMRC following work carried out by BDH Tax. The completed documents left the ATO in January. Any pointers would be greatly appreciated!
  17. What i do....Exit and Enter Australia on Australian passprt, as you're meant to. Arrive at UK...look at queues. Choose quickest passport to enter, which you then also use to leave. Holiday to Vietnam? Enter with UK passport, no VISA required for up to 45 days.
  18. under the threshold, just want to avoid hassle and UK delay. My Uncle died in UK in June last year, they've only just granted probate for something very straightforward.
  19. Will he still be liable for UK inheritance tax as he is on a temporary visa?
  20. Actually, if you crouch down and photograph them from the kerb, they probably will look better than they do in that aerial shot.
  21. Thank you Ken, every little bit of information helps
  22. I think it applies to the whole year but don't over stress it because it's not relevant. That question is only relevant if you're trying to claim you are not UK resident. If you are claiming split year treatment (by putting an X in box 3) you can't have claimed to be non-resident for the whole year (by putting an X in box 1).
  23. Ken

    Probate

    Probate (if it's needed) would be in Australia as that's where his assets (and will) are. If he still had assets in the UK it could need to be done in both countries. Probate isn't always needed. It comes down to whether or not any of the organisations that hold his assets need to see the grant of probate before they release the funds.
  24. As you might be earning a lot of interest on those sale proceeds, make sure to let your bank know that you've left the country and are no longer tax resident in Australia. That way they'll deduct 10% tax from your interest (which you won't like) but (provided that's your only Australian income) you won't have an ongoing need to file Australian tax returns. You'll be able to use that Australian withholding tax to pay your UK tax bill. Beware that Australian taxes on non-residents selling Australian property can be onerous (plus there will UK tax to deal with to). You are definitely better to sell your property before you leave (if it entirely qualifies as your main residence, it'll be tax free).
  25. There are no inheritance taxes in Australia and while there is IHT in the UK a SIPP is IHT Free. Take the money now. You'll only be taxed in Australia on any growth that occurred after you inherited it and (because it's a SIPP) there is no UK tax. If you leave it in a SIPP for the next 20 years, there is no UK tax (because a SIPP is tax free in the UK) but there will be a lot of Australian tax to pay when you cash it in (becaus a SIPP is not tax free in Australia). You'll have to pay tax in Australia on the growth of the SIPP over the next 20 years all in one lump year. Even if you are no working that could still be a lot of tax. If you want to keep the money for your retirement (I'm assuming you plan to do that in Australia) you should consider Super or other investments in Australia.
  1. Load more activity
×
×
  • Create New...