I can understand where this is coming from as a lot of people are confused about how & what tax returns to fill out & tax to pay.
I wonder if you can answer a question. We are permanent residents in Aus. I have a Bank account in the Uk which pays a small amount of interest. Tax is already deducted as it was just too hard to get Lloyds Bank to change it. Should I be declaring this on my Australian tax return? The interest stays in the UK, I do not bring it over here. Also, is the UK tax free allowance applicable to this. Some people have told me theres nothing to pay if under the allowance and others say because I am no longer resident in the UK, the tax free allowance no longer applies?
Would be so grateful for a reply, thanks
