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Alan Collett

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Everything posted by Alan Collett

  1. Alan Collett
    Hi again Sue. FYI I've exchanged messages with Peter Mares with my thoughts - only time will tell as to what eventuates with parent visa processing ... Best regards.
  2. Alan Collett
    ... assuming all required documents have been submitted to the Department. Not having done so can push you backwards relative to other parent visa applications. Best regards.
  3. Alan Collett
    Sale of UK property as a non resident means you most probably have an obligation to file a special CGT return with HMRC. Also, watch the tax position in respect of your continued working for a UK employer (presumably with salary still taxed under PAYE) when you are a tax resident of Australia. The UK-Aus tax treaty refers, at Article 14. If you need any help see my email address below. Best regards.
  4. Alan Collett
    Hi Sue. I can't respond meaningfully presently - I have a significant workflow at the moment, and must attend to my fee paying clients. Sorry! Best regards.
  5. Alan Collett
    Hi Linda. I recommend you don't get your information from social media - it's notoriously unreliable (at best, IMHO). The parent visa program for the current program year remains at 8,500 - the same as for 202/23: https://immi.homeaffairs.gov.au/what-we-do/migration-program-planning-levels Best regards.
  6. Alan Collett
    Subclass 864 visa grant today ... lodged Feb 2017. Hope this gives comfort to all on this thread! Best regards.
  7. Alan Collett
    So far as I know access to aged care in Australia isn't visa specific - you can access aged care as the holder of a Bridging Visa - so I question the basis of the contention of the other agent. Best regards.
  8. Alan Collett
    That's an interesting perspective. Is this an opinion by the other agent, or is the comment based on fact? In any event we are seeing subclass 143 visas being granted - two in the last couple of weeks. Best regards.
  9. Alan Collett
    Respectfully, these questions are far too technical for a discussion forum. I submit that you really should be paying for professional advice. Best regards.
  10. Alan Collett
    That's very kind - thanks Sue! Best wishes.
  11. Alan Collett
    Back from annual leave! No changes have been announced re parent visas in my absence, so far as I am aware. Best regards.
  12. Alan Collett
    Assuming he is not on annual leave ... Best regards.
  13. Alan Collett
    Respectfully - and I'm making myself a hostage to fortune here - I think this is nonsense. I think it is incumbent on anyone making such assertions to provide the evidence ... so where's the official guidance that's advising the end of parent visa applications please? Best regards.
  14. Alan Collett
    Remember that not all of a lump sum from a foreign (UK) pension fund is taxable in Australia - only the Applicable Fund Earnings on the lump sum/s received. Check also that recurring lump sum payments don't cause the payments to be more accurately categorised as a pension. Best regards.
  15. Alan Collett
    https://www.ato.gov.au/law/view/document?DocID=AID/AID201248/00001&PiT=99991231235958 https://www.ato.gov.au/law/view/document?DocID=AID/AID201249/00001&PiT=99991231235958 Hi @InnerVoice Here's some light reading for you! ID 2012/48 looks at the tax situation when an annuity/pension is not commenced at the same time as the lump sum, while 2012/49 looks the position when a pension is commenced at the same time. It can get a bit technical! The question of how to value your UK fund at the relevant time can also be an issue, with differing outcomes depending on the approach taken. Best regards.
  16. Alan Collett
    Sorry - this isn't one I'm able to help with on a public forum. Best regards.
  17. Alan Collett
    Increase in the Visa Application Charge for offshore partner visa applications, effective for applications lodged from 1 July 2023: A$8,850 for main applicant, plus (currently A$8,085) A$4,430 for a secondary applicant aged 18+ (currently A$4,045) A$2,215 for a secondary applicant aged under 18 (currently A$2,025) Best regards.
  18. Alan Collett
    Increases in the Visa Application Charges for parent applications, effective for applications lodged from 1 July 2023: Subclass 143 - A$4,765 for main applicant, plus A$1,605 for a secondary applicant aged 18+ (currently A$4,355 and A$1,465) Subclass 864 - A$4,765 for main applicant, plus A$2,380 for a secondary applicant aged 18+ (currently A$4,355 and A$2,175) Subclass 804 - A$4,990 for main applicant, plus A$2,495 for a secondary applicant aged 18+ (currently A$4,560 and A$2,280) Subclass 870 - A$1,145 for each applicant as a 1st Visa Application Charge (currently A$1,050), plus A$10,325 per applicant for a 5 year visa; A$4,590 for a for a 3 year visa (currently A$9,430 and A$4,190) No changes have been announced yet to the 2nd VACs for permanent parent visa applications. Best regards.
  19. Alan Collett
    https://www.gm-parent-visas.com/visa-processing-time-calculator/ Latest data set now added to the contributory parent visa processing time calculator ... based on data as at 20 May 2023. There was a total of 84,559 CP visa applications awaiting a decision at that date. At 11 Jan 2023 the total number was 80,099. At 30 August 2022, the total number was 77,451. The extent to which the demand for CP visas is exceeding the number being granted annually is apparent from the sizeable increase in the number of outstanding visa applications over only 9 months. Indeed, for calendar year 2021 the total number of CP visa applications awaiting processing amounted to 13,032 in the last data set. For calendar year 2022 the number was 15,754. For the first 4 months of 2013 the number was 5,023. So realistically about 15,000 CP visas should be granted each year to maintain some order and control over parent visa processing. As most will know, we're looking at about 7,000 again for the program year starting 1 July 2023 ... Best regards.
  20. Alan Collett
    Got it - many thanks. Best regards.
  21. Alan Collett
    https://www.ato.gov.au/Forms/Guide-to-capital-gains-tax-2022/?anchor=What_is_cost_base#thirdelement For reference ... Best regards.
  22. Alan Collett
    Frankly, I think using Brexit as an excuse is pretty lame. What has Brexit to do with individuals residing in Australia ...? Onwards!
  23. Alan Collett
    I follow the old adage, s/he who asserts must prove. So where are the regulations that are driving this? Until I see anything to the contrary I surmise this is internal policies, or compliance putting it in the too hard basket. Why can Wise open an account for non residents with a UK sort code and account number when the High St banks are moving in the opposite direction? Best regards.
  24. Alan Collett
    Likely they can be claimed as part of the cost base when the capital gains tax position is calculated in Australia - but not in the UK. Feel able to ping an email to me (see below - use the bdh Tax address) if you'd like to have a chat. Best regards.
  25. Alan Collett
    What's the legislation to which you are referring please? Best regards.
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