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Ken

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Ken last won the day on February 21

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  1.  

    <p> </p>

    <p><p>Bobsdona,</p></p>

    <p><p> </p></p>

    <p><p>2) There is a difference between being an Australian resident for immigration purposes and being one for tax purposes. Hence if you get your PR visa but carry on living and working outside of Australia you will still be a non-resident for tax purposes and so not liable to Australian Tax. It's recommend you don't apply for a Tax File Number until you start living in Australia as (while not an absolute measure) getting a TFN will make it look as if your are a Tax Resident. If you open a bank account in Australia while a non-resident your interest will be subject to 10% withholding tax but that is all you will have to pay. If you're a UK resident you need to declare the Australian interest on your tax return but can offset the withholding tax paid against your UK tax, but it depends what country you are a resident in as to whether or not you even need to declare the Australian interest on your tax return.</p></p>

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