confusedbytax

Hi Alan, Already dropped you an email to your gmtax address. Great forum here! Thanks Carl

Hi all, Please bear with me.... the current situation.... British on 457 sponsorship visa Been in Australia 18 months Paid 120k year salary which I have paid tax and super on. I have a ABN/LTD Australian company with about 1m$ in the bank. I have taken $0 income from the company and paid all tax required. Due to recent changes in the visa sponsorship, I, unfortunately, will need to return to the UK. I understand I can claim back my super / tax which is great. However, I am not sure on my situation of the $1m I have taken no income from. What happens if I was to transfer the whole amount to the UK? I need to close down my Australian company too. Any thoughts or advice? Thanks