Hi
It that time of the year!
Situation - we migrated to oz from the UK 6 months ago, hence have both UK and Oz income for this tax year, and will continue to receive interest income from the UK.
Questions - I believe we need to declare our UK earnings on our tax returns, However these have been taxed in the UK. Will we have to pay tax on these in Oz? Do we need to see an accountant for our returns? I made to understand that there are numerous tax offsets eg : internet, school uniforms that we can claim back , is that correct?How is interest income on joint accounts in oz worked out for tax purposes?
Any advice / suggestion are more then welcome.
Cheers