Nigelsmith

Nice one Alan

Thank you

I am still on the look out for a further 50%:smile:

Hi Nigel.

 

Once you are tax resident in Australia your CGT position will be computed with reference to the value of the shares on the date you commence tax residency (translate the GBP value into AUDs using the GBP-AUD exchange rate at the same date).

 

Gains predating your arrival are not taxable in Australia.

 

Hold the shares for more than 12 months following your arrival and any capital gain arising will be reduced by 50% (the "CGT discount").

 

Hope this helps.

Hi

Still in the UK, arriving in Perth on Visa class 190.

Do you know of any allowances which I would be able to take advantage of should I dispose of the shares within the ISA wrapper after arriving in oz?

Thanks

Nigel

Hi Nigel.

 

What is your visa status in Australia?

 

Best regards.

Thanks Mimi

Looks like there is no escape :-)

Hi Mimi

I hope you can assist me with some information.

I hold shares within the ISA (tax free) in the UK and am moving to Oz in 2 months.

Would you know whether capital gains tax would be payable when I sell the shares after becoming Oz resident?

Can I still enjoy taxfree status of the shares as a Oz resident?

Thanks

Nigel

Hi Andy

Many thanks for your reply.

I guess I will have to make a decision very soon. Dont fancy paying tax in the future.

Nigel

Hi Nigel

 

My understanding from a UK point of view is that the ISA will remain tax free although no further contributions can be made.

 

From an Australian point and assuming that you will be a permanent resident then the income will have to be declared in Australia for tax and typically any gains will be assessed from the point you become Australian resident (this could be different if you are going to be a temporary resident).

 

Kind regards

 

Andy

Hi

I hold shares within the ISA and am moving in 2 months.

Would anyone know whether capital gains tax would be payable in Oz when I sell the shares after becoming Oz resident?

Once I l have the UK, does it mean the ISA has lost its tax free status?

Comments most appreciated.

Thank you

Nigel

Hi

I hold shares within the ISA and am moving in 2 months.

Would anyone know whether capital gains tax would be payable in Oz when I sell the shares after becoming Oz resident?

Once I l have the UK, does it mean the ISA has lost its tax free status?

Comments most appreciated.

Thank you

Nigel

Mozzies are a real pest mainly in summer in Perth and the wet season up north.

And they are very annoying loudly buzzing when they dive bomb your ear at night when you are trying to sleep.

And you really want to avoid being bitten as Ross River Fever is a horrible disease to catch.

Many people use DEET to deter them but personally I don't like putting these sort of chemicals on my skin.

There is also a spray you can make from citronella, dettol and baby oil; if you don't mind stinking of dettol!

I find mozzies mainly annoying at night or they are also attracted to bathrooms because of the water.

If camping or if your house does not have fly-wire screening on the doors and windows, then a mozzie net should be slept under at night.

You can burn coils but it is dangerous to leave a coil burning unsupervised

Personally I use a brilliant plug in device that I buy from the supermarket called Mortein's mozzie zapper

http://www.mortein.com.au/products/auto-plugins/odourless-mozzie-zapper/

Works like a charm and I have not been bitten at night since I started using these.

But if you do get bitten then first put pure 100% Lavender Essential Oil on the bite first and then use some Oil of Oregano.

Oil of Oregano works brilliantly on sand flies and tick bites too.

In fact, if you have a tick embedded and cannot remove it a drop or two of the oil will help the tick fall out.

Does that cover all you need to know?

Thank you for detailed info.

All female mozzies make the same noise. It's not a "terrible" noise - it's more like a faint whine, but it's persistent and it's annoying. If it suddenly flies past your ear, it's going to be loud enough to wake you up. Plus, of course, you know if you can hear it, you're likely to get bitten, so you can't afford to ignore it.

 

You can't generalise about a whole city and mozzies. Mozzies breed where there's stagnant water, so if you're near a river with mangroves, for instance, you're more likely to get them than if you're in a high-rise miles from water. But you can have a problem anywhere - we had heaps of them in our Sydney flat, until we tracked the problem down to an old bucket in the rubbish area at the back of the block - it was full of water.

I have experienced them and they do keep me awake!!

Agrreed, water is the culprit!

I guess, summer eve are a feast for the mossies.

They can be really bad in certain areas at certain times. It's not as easy as saying avoid one location. For example where I live there have been hardly any for the last couple of years but before that the previous two were terrible. Areas with water and about an hour around dawn & dusk are usually the worst. Aero guard tropical strength works for me.

During which months do you see them?

Will I need to sleep under a net?

Hi

Appreciate if someone could shed light on mossies.

Are they widely common in Perth and surrounding areas?

During which months are they a real pest?

I have heard of some breed that make a terrible noise preventing people from sleeping at night, is this true of the oz mossies?

Any other info.

Thank you

Regards

Nigel

Thanks

Yeah, I am in London.

I guess the those costs would be the same then except for housing which would be cheaper in Perth. Do you concur?

None really. There is a moral obligation to live in the sponsoring state, but it is not a legal obligation.

 

The big issues you will face is ensuring you get the application in before your 50th birthday - not just the EOI. Then finding a job. There are a lot of unemployed accountants in Oz

Well the EOI should take 3 -6 months and thereafter do the application.

Maybe change of career once I am in Perth.

Do you whether cost of living in Perth is very expensive compared to other cities?

Have you checked you can pass the points test first of all, it is quite hard after the age of 45 although still possible with maximum points for work experience and perhaps a state sponsorship.

 

Job market for accountants is very tough, utterly saturated and hundreds of applicants for every job. Unless you are CFO level, I think you might struggle as it is quite ageist. Being perfectly honest, if you have secure employment in the UK, I would think very hard about this.

Thanks Bungo for the informative response.

Still in 2 heads about the migration decision!!

There's plenty of people on this forum that have done it.

 

It's certainly not the 'right' thing to do and is not recommended. But, there's nothing to physically stop you doing it, the state have no power to remove your visa once it's granted, and there's no legal power to keep you in the state.

 

The only way that you could face any issues post visa grant is if you break any conditions of your visa, but living in the state is not counted as a visa condition.

Thanks Captain C

what other conditions woud be attached to the visa?

Fortunately still under 50 and hop to make the EOI soon.

What other conditions are there?

Hi guys I been here almost 20 years if you have any questions just ask and I can find out for you. Accommodation, work, housing, suburbs, cars, etc.

 

Regards Christian

Hi Christian

Many have mentioned on this website that Perth cost of living is much higher than other cities. Can you please shed some light whether this is true or not?

Thanks

The state nomination will not tie you down. There's a moral obligation to remain in the nominated state, but nothing to stop you moving elsewhere.

Thanks, Captain

Do you know anyone who has done this?

I can apply and attain 60 points for a valid application. My only concern would be getting tied down to the state for 2 years, unless anyone knows otherwise.

Thanks, I am able to secure 60 points to make an application.

The only issue then is tied down to the state for 2 years. Is it mandatory to reside in the state for 2 years, has anyone moved earlier?

Many people have mentioned about the high cost of living in Perth. Any one has info comparing it with other cities.

Thanks

Hi

You stated '' Strategy in place for that around making sure i have firm enough ties to obtain an RRV as and when I need it.

Can you please elaborate? What do they mean by enough ties? Is it difficult to obtain RRV?

Thanks

Nigel

Hi

I am a qualified Accountant. Looks like I might just be able to scrap through with the age restriction.

Anyone with info in WA would be greatly appreciated.

Thank you

Thanks everyone.

Probably take the 190 route as time frame is much better which allows me to plan the entire move.

Hi

What exactly did you feel wan't right for you in oz?