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Alan Collett

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Alan Collett last won the day on June 3 2018

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About Alan Collett

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  • Birthday February 13

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  1. If you are transferring a significant sum to Australia following the sale of a property in the UK I would be having a conversation with at least a couple of the specialist currency transfer firms to discuss strategy. It may not be the best option to move all of your money in one single transaction. Best regards.
  2. Don't overlook the obligation to submit a Non Resident CGT return with HMRC within 30 days of the sale completing if you are not resident in the UK at the time of the sale. A late filing penalty regime seeks to enforce compliance in this regard. Best regards.
  3. Alan Collett

    Applying for a parent visa - What you need to know.

    You either obtain Australian citizenship and an Australian passport, or you apply for a Resident Return visa. Best regards.
  4. Where do you think the scope of a migration agent's advice should end? Should it cover every eventuality - both known and contingent? I appreciate that for many seeking advice there are known unknowns and unknown unknowns, but a professional advisor has a PI claim waiting to happen if purporting to give advice beyond an agreed scope. Best regards,
  5. Your parents have a few years to wait. Best regards.
  6. Alan Collett

    UK Self Assessment Software for Non Uk residents

    https://taxfiler.co.uk/non-agents/ Hi Tom. Have a look at Taxfiler. We use the accountant's version. If you need help with your UK tax filings please feel able to ping a message to me. Best regards.
  7. Alan Collett

    Residency when drawing your Super

    Are you sure about that? Best regards.
  8. Alan Collett

    Residency when drawing your Super

    Sums received from an Australian super fund as a tax resident of the UK will have a tax consequence. Maybe start by reading here: https://www.litrg.org.uk/tax-guides/migrants/what-uk-tax-do-i-pay-my-overseas-pension#toc-is-my-overseas-pension-taxable-in-the-uk-under-uk-domestic-law- Then consider taking professional advice. Best regards.
  9. Alan Collett

    UK National with Australian child (separated from Aussie Partner)

    https://immi.homeaffairs.gov.au/visas/getting-a-visa/visa-listing/contributory-parent-143#Eligibility See alternative sponsorship arrangements here, in the context of a parent visa application. You would be looking at a subclass 143 Contributory Parent visa though, where processing times are likely to be 5+ years with no Bridging Visa entitlement. And I concur with the comments of others regarding a skilled visa being a preferable strategy - if you can meet requirements in this regard. What is your occupation? Best regards.
  10. Alan Collett

    Selling UK home, and buying in Australia - Capital Gains Tax due?

    "Nobody ever " ...? What about non UK residents with a UK investment property? Best regards.
  11. Alan Collett

    Selling UK home, and buying in Australia - Capital Gains Tax due?

    Not yet 9 months ... from 6 April 2020, subject to the outcome of the consultative process: https://www.gov.uk/government/consultations/capital-gains-tax-private-residence-relief-changes-to-the-ancillary-reliefs Best regards.
  12. Alan Collett

    Selling UK home, and buying in Australia - Capital Gains Tax due?

    That 18 month period only applies if you are selling a former main residence - and is reducing to 9 months for disposals after the end of this UK tax year. Don't forget Letting Relief (availability also limited from the end of this tax year), and the UK's CGT Annual Exemption - assuming you are eligible for it (UK citizens are). The April 2015 valuation only pertains if you owned the property before that date. Not sure the main benefactors are accountants - the main benefactor might be you if the accountant saves you tax and helps you avoid a late filing penalty for not submitting the NRCGT return on time. I can assure you there are many who have had late filing penalties of as much as £1,600, even if they have had no tax to pay following the sale of their UK property. Best regards.
  13. Alan Collett

    Selling UK home, and buying in Australia - Capital Gains Tax due?

    Hi Martin. Have a look into the requirement to submit a Non Resident CGT return with HMRC if selling a UK residential property as a non-UK resident person. Best regards.
  14. Alan Collett

    Bills Bills Bills

    Hi Sam. Maybe have a look at Highton and Belmont, which are suburbs of Geelong. https://www.realestate.com.au/rent/in-vic/list-1 Best regards (from a resident of Highton).
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