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Notts

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Posts posted by Notts

  1. yeah you can do it online, you could prob do it from home now, but you need to give the an Oz house address because they send you your TFN via that

     

    Is lying to the ATO a good idea? Plus they share information with DIBP, so they can check.

  2. When I lodged my onshore application I supplied a pile of papers with an index - the 47SP came first, then the 40SP, then official docs such as birth certificates and then everything else. I didn't use paper clips, staples or anything else as I'd read that everything gets scanned and wanted to keep that process as easy as possible.

     

    After I lodged I got a 'Roadmap' document with my acknowledgement, and this said go do Form 80 if not already done.

     

    I never heard about a CO, until I got my grant letter.

  3. SORRY ALL INCOME IS TAXABLE.

     

    If I gave you 5 quid as a gift that is an "income" that is taxable The fact that you declare it or not that it is a transaction is another story and the tax mans only consern is ALL income is taxable it up to you to tell the truth.

     

     

    Not true. For example pay from the Defence Force reserves is exempt (i.e. not taxable) and income purely of a domestic nature (e.g. pocket money) is not taxable.

     

    As has been said several times already, gifts are not income for tax purposes. Not all receipts are income.

  4. We had our baby last week, though the public system in NSW. We had to pay for scans, but got part of the cost back through Medicare. If we had been able to have them at the hospital they would have been free, but they were fully booked. For the NT scan the wording about the mother being of 'advanced age' makes you eligible for the Medicare rebate.

  5. If you have PR you need to change your licence within three months. If you are on a temporary visa (e.g a 457) then you can change it, but have to renew every year.

     

    CTP (green slip) is basic third party insurance that covers injuries to other people in an accident (and limited cover if you are at fault). To cover damage to other peoples' property or to yourself or your car you need additional insurance. You must have a green slip to register a vehicle. I don't think it is transferable so you will need to buy a policy before you can transfer the rego.

  6. Hi all

     

    I rent my property out in London but it's been hammered with damp this winter and needs a fair bit or work. I'm in the non-resident tax scheme for landlords.

     

    The quote I received is 2700 + VAT. Do I have to pay the VAT element upfront and claim back or do I not pay it at all - asking for a zero VAT invoice to pay? Been looking around, this is not really a home improvement more rectification works.

     

    Thanks

     

     

    Mark

     

    Unless you are VAT registered, you have to pay it and can't claim it back. Why did you think you might be able to avoid it? (VAT free shopping, for example, only applies to travellers taking goods out of the UK).

     

    You will be able to deduct the total amount paid when you do your tax return (as the work is repairs rather than improvements).

  7. You can look at a bridging visa whilst apply for defacto visa they look into certain circumstances of every relationship which can bridge you until your eligable for the defacto visa

     

    What?

     

    Bridging visas are granted when you apply for a visa onshore, and come into effect once your existing visa expires. You can't choose to get a bridging visa to pass the time until you are eligible to apply for another visa.

  8. Has the property increased in value since 2010? If it has you may find that any CGT or letting exemption will mitigate or eliminate any tax.

     

     

    It doesn't work quite like that - you have to start by looking at the whole gain over the period of ownership, and then apportion it based on time, not the gains in particular parts of your total ownership.

     

    For example suppose you had a total gain of £50,000 and property was owned for a total of ten years. It was your main residence for the first five years. With no other property, five years worth of gain (£25,000) would be covered by the Private Residence Relief, plus you get the first three years after you move out covered too (a further £15,000). Your potential taxable gain has become £10,000. Next you will consider Letting Relief, which is limited to the lower of: £40,000 (fixed in law), the amount of Private Residence Relief (£25,000 in this example) or the gain in respect of the period it was let (the remaining £10,000).

     

    http://www.hmrc.gov.uk/cgt/property/sell-own-home.htm

     

    Having said all of that, if you are not UK resident for tax purposes then you are not generally liable for UK CGT at the moment - paragraph 6.60 http://www.hmrc.gov.uk/cnr/rdr1.pdf#page44. This will change in April 2015.

  9. Hi all!

     

    I have opened a westpac account and I am wanting to transfer monies using my online UK halifax bank account. I have gone on to the "pay a person" but it asks you for details such as sort code. Does anyone know what info need to put in instead, as obviously i dont have an aussie sort code? if I leave it blank will the money go through okay? I cant believe halifax charge you nearly ten quid for every transaction.

     

    Any help would be appreciated!

     

    Laura

     

    Are you in the section of Halifax online banking for international (rather than UK) payments? You will probably need Westpac's SWIFT or IBAN codes.

     

    You should consider trading through Moneycorp or a similar foreign exchange broker, as the fees will be significantly lower than paying fees to the bank(s).

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