Dellboy
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Hi guys,we are moving to OZ on Thursday and arranged our banking with ANZ.We had a phone call from TorFX and would like to exchange our money before moving it on to ANZ.
The question I have is,has anyone had any dealings with TorFX?
Are there rates better than moneycorp?
From what I have seen on the net TorFX seem to be better.
Cheers
Andy
I used Torfx to transfer some of my money on several occasions but didn't think their rates were that good. So I got a second account with The FX Firm and then when I wanted to transfer money I asked both firms to quote at exactly the same time. The FX Firm won both times I did it, so I don't use TorFx anymore. I don't have any experience of Money Corp.
Is CGT payable when tranferring house money from the UK?
in Money & Finance
Posted
Whilst unfair those are the rules I'm afraid. BUT there is something called a 'Limited Balance Election' that can help you in such situations. I'm no expert, but my understanding is that for small FX denominated accounts (up to a total of $250k I think), you can 'elect' (in writing) to disregard currency gains/losses on these accounts. If you search on the ATO website you can find further details.