Hi folks,
We've been here in Oz for 7 months now and it's nearly time for our first tax return!
So, I have a question - do money transfers from the UK (i.e. the funds we sent over prior to our arrival, plus money that members of family have sent to us to support us) count as "Tax-deductable income"?
If yes, I have another query. We have a joint bank account, so would we both need to report this, or just one of us?
Finally, we arrived in Oz on 09/12/2013, so our time as resident for tax purposes at tax time will be 6 months and 22 days - does this count as 6 months residence or 7 months residence as far as ATO are concerned?
Thanks in advance!
