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