danskitt
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Everything posted by danskitt
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Thanks Guys for the replies they have been really helpful to understand how the tax system works.
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We have been taxed on the profit in the UK (albeit it was £0 as it was within the tax free allowance) but it seems that when I did the Oz tax return the money has been added to our income in Oz. I haven't lodged the return yet but the estimate at the end of the tax return says that I will have to pay an extra $3600 will this get removed at lodgement? Also If the profit from the UK gets added onto the Oz income could this push me into a different tax bracket meaning I will pay more on my salaried income?
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Yes I am on a permanent residency visa. What kind of things can be claimed for?
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I live in Oz on a PR but own three properties in the UK which don't make enough profit split between my wife and I to become taxable. I have just completed my Oz tax return though and have discovered that I have to pay tax for them over here. I have never brought any of the money though over to Oz and it has just stayed in our UK bank account but I now plan to add it to one of the mortgage's over there. Does this mean I still have to pay Oz tax on it even though it isn't coming into the country? Thanks Dan
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I am living in Oz on a PR but have a few rental properties in the UK. Can I move the profit (after UK tax has been paid) every month to Oz? Would this be the best way to do it? Thanks Dan
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I have just had excatley the same thing with question 82. My CO sent it back and he wanted me to list every address I had lived at for the last 10 years. A bit weird as that is not what the question asks for
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Ah thats the reason it takes 6 months then :biglaugh:
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Really? I'm just putting my application together and must have 5 times the amount of evidence. Hope I'm not overdoing it then.