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tloring

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About tloring

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  1. Thanks Notts. I have always completed by my own UK tax returns but here is Australia I engaged an accountant to complete our first years ones. I will probably use an accountant again for Australian tax year 2012/2013 and I will inform them of what we declared on the UK tax return and let them tell me what tax credit amount we should put on our Australian tax returns. Thanks for the information.
  2. Thanks Alan, I will get going on my UK tax return including rental income. Not sure how I extract myself from the HRMC self-assessment list? Also I don't know how the UK HRMC and ATO know that I have submitted my rental income on both returns. I know there is a double taxation agreement but is there not a risk that I just get taxed on the rental income twice if the double taxation agreement calculation doesn't get triggered for me. I suppose what I don't understand is how does each tax office know about me and how do they communicate so I don't get taxed twice? Regards,
  3. I am UK citizen, migrated to Oz 21 months ago on 100 spouse visa. Wife is Oz citizen and two kids are citizens by descent. I didn't have a job when we arrived (thankfully found one quite quickly though). _shel has is spot on in terms of our experience. I could not claim unemployment benefit but we were allowed to claim family tax benefit, rent assistance and childcare allowance straight-way. My wife was asked if she wanted to claim for NewStart but she was not actively looking for work so did not qualify. Our experience of Centrelink staff are that they were very helpful and wanted to find ways to assist, so much so that we started to feel a little guilty. However, choose the time you go to Centrelink offices carefully, you can wait forever; avoid lunch times and preferably be there as they open the doors in the morning and join the queue already there.
  4. My wife and I (plus our 2 kids) have been in Oz for almost two years. Wife is Australian and I am on permanent spouse visa. Been through first full tax year last year (2011/2012). UK and Australian tax returns last year were a nightmare given leaving UK employment, cashing in UK investments, capital gains, start of Australian income etc. etc. This tax year (2012/2013) is going to be a lot more simple, however, we want to know whether you have to declare UK rental property income on both UK and Australian tax returns? We have two rental properties in UK with income, we have a couple of bank accounts mainly to service the rental properties. That's it in the UK now, nothing else. We have just received UK 2012/2013 tax return forms and before we started completing them we realised that we didn't know whether we have to declare UK rental income on both UK and Australian tax returns or just on one, and if so which one? If we declare rental income on both tax returns will the Double Taxation Agreement between UK and Australia recognise this? Our worry is there will be nothing else on the tax return that might trigger the Double Taxation Agreement calculations, i.e. no UK employment income or other UK investment income. Is there anyone out there in the same situation who can advise on the above. Many thanks in advance.
  5. Thx MaryRose02, It is looking that way but I can't find a tax accountant in Oz that knows UK HMRC rules in enough detail especially regarding first year migratees (is that a word? ;o) ).
  6. Andy, This is much appreciated. Luckily (!?!) the transfer was so far below the LTA that I don't think there is any need for me to be declaring the transfer on my UK tax return given it has gone into an QROPS approved scheme. Thanks again.
  7. My family and I permanently migrated from UK to Australia 4 months into the UK 2011/2012 tax year and hence 1 month into the Australian 2011/2012. I worked in the UK during the UK 2011/2012 tax year (PAYE) and have worked in Australia during the Australian 2011/2012 tax year (PAYG). I am now in the process of completing my UK 2011/2012 tax return resulting in a significant number of questions. I hope that this forum's moderators will not mind that I start a number of threads with each question but I believe the thread name will be useful for other users to search for. I worked for 3 months (Apr - Jun) in the UK (PAYE) during the UK 11/12 tax year; I got a job in Australia on 31/10/11 and therefore for the last 5 months (Nov - Mar) of the UK tax year I have had Employment Income from my Australian employer (PAYG). Do I need to declare on my 11/12 HMRC tax return documentation both my UK income AND my Australian income during the UK 11/12 tax year? Clearly when it comes to the Australian 11/12 tax return I will not be declaring any UK Employment Income because the tax years are different and I didn't earn any UK Employment Income between Jul'11 and Jun'12. Any assistance greatly appreciated.
  8. I apologise that I have posted this question on another thread but only saw afterwards that this forum is specifically about Pension transfer questions. My family and I migrated from UK to Australia 4 months into the UK 2011/2012 tax year and hence 1 month into the Australian 2011/2012. I worked in the UK during the UK 2011/2012 tax year (PAYE) and have worked in Australia during the Australian 2011/2012 tax year (PAYG). I am now in the process of completing my UK 2011/2012 tax return resulting in a significant number of questions. I hope that this forum's moderators will not mind that I start a number of threads with each question but I believe the thread name will be useful for other users to search for. My wife and I have transferred a number of Final Salary Pension schemes from the UK into QROPS approved Super funds. The QROPDIRECT.COM website states: 'The transfer to a QROPS plan is tax free.', hence can I assume that I do not need to declare these transfers anywhere on our 2011/2012 HMRC tax return documentation? Any assistance greatly appreciated.
  9. My family and I migrated from UK to Australia 4 months into the UK 2011/2012 tax year and hence 1 month into the Australian 2011/2012. I worked in the UK during the UK 2011/2012 tax year (PAYE) and have worked in Australia during the Australian 2011/2012 tax year (PAYG). I am now in the process of completing my UK 2011/2012 tax return resulting in a significant number of questions. I hope that this forum's moderators will not mind that I start a number of threads with each question but I believe the thread name will be useful for other users to search for. My wife and I have transferred a number of Final Salary Pension schemes from the UK into QROPS approved Super funds. The QROPDIRECT.COM website states: 'The transfer to a QROPS plan is tax free.', hence can I assume that I do not need to declare these transfers anywhere on our 2011/2012 HMRC tax return documentation? Any assistance greatly appreciated.
  10. tloring

    P85 - Income from UK Property?

    Thanks Marnie. This is really helpful.
  11. tloring

    P85 - Income from UK Property?

    Thanks Susie. I hope someone can help because it is a little confusing. Thanks again. Tristan
  12. tloring

    P85 - Income from UK Property?

    I have searched PIO threads and not found this specific question posed or answered. On the HRMC P85 form there is a section for "Income from UK Property". It allows for only the identification of a property, e.g. "name and address of the person paying you"; "tell us how you will be paid - put X in one box". However, we will be leaving two UK properties when we move to Oz. One is rented out via a letting agency, the other is our current house that we have been unable to sell and hence we are going to rent directly to some acquaintances. We will be completing HMRC NRL1 forms for non-resident landlord within which you can declare all rented properties in more details. Finally, after mortgage and legitimate offsets, we will make small losses on both these properties (we do not have then for profit). Hence, my questions are: 1) If we are completing NRL1 forms do we need to put anything on the P85 forms? 2) If we do have to declare income from UK properties on the P85, how do we get around the fact that the form restrictions the declaration to a single property? 3) Given we are making losses on these properties, do we identify these are negative amounts on the P85?. Hope someone out there can help. Many thanks.
  13.  

    <p>Thanks swifty. I am really relieved. Not getting the visa would have ruined our family plans.</p>

    <p>I'm afraid I have been pretty cr*p at keeping up to date on PiO. I have been travelling with work almost non-stop for the last 4 months. However, that will soon stop once I announce my news to work. Then I will be frantically looking at all the threads about international shipping etc.</p>

    <p>Congrats and good luck in Melbourne.</p>

     

  14. We are off to Brisbane - where wife is from. We are not in any rush and leaving in late July. However, this still seems like too little time to sort the house out, decide what is going and what is getting binned, and then trying to sell the house. I work away a lot and my wife looks after our 2 under 4s without any family support! If your OH is already over in Oz, I assume that you have done all the international removals that you need to? Any advice?
  15. Well done to you to Mikeslady. Luckily I have been aware on business so much over the last 4 months that the time seems to have gone quite quickly but lurking there in the back of my mind was whether the visa would be granted. It would have really screwed up our plans if it had been rejected. Where abouts in Oz are you headed for?
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