Pokitren

On 12/10/2021 at 16:18, PerthLondonGirl89 said:

Hello,

So I keep putting this off as it confuses me but I really do need to get this sorted. I have been living in the UK since 2014 and naively did not think I needed to complete an Aussie tax return of some sort. Upon checking my ATO account I realised that I have a few years worth of overdue tax returns to complete. Now I am pretty sure that I do not need to lodge an actual tax return but instead I need to submit them as a non-lodgement advice. This is what it says on the "Work Out If You Need To Lodge A Tax Return" page on the ATO website and I believe I fall under this category:-

You do not need to lodge an Australian tax return if:

• you are a foreign resident and your only Australian-sourced income was interest, dividends or royalties and you paid the correct amount of non-resident withholding tax

I spoke with someone from the ATO to update my details and arrange this however they were not much help and confused me even more and I now doubt my understanding!

So I just wanted to ask on here for some advice. I still have a Super account as well as a couple of bank accounts which I have been receiving interest on. All of which are well under the $18,200 tax threshold for Aus. Besides this I receive no other income from Australia. I also don't have any student loans/any loans. What I earn in the UK I pay tax on in the UK. I am not sure what the non-resident withholding tax relates to that is mentioned above?

@Alan Collett and @Ken - you both have been very helpful recently, are you able to advise on this? Am I correct with my thinking that I just need to complete a non-lodgement advice for all the years I have not been resident in Australia based on the above? Alan I think when we spoke you said that this should be the case but I don't think we had discussed Super/bank accounts interest so I am not sure if that changes things.

Sorry to ask what may be an obvious question - it doesn't take a lot to confuse me when it comes to things like this and I just want to get this right 

An acquaintance of mine had a similar question. I don't remember exactly how it was resolved. I think he went to a lawyer. And he told him what to do in this situation.

On 14/10/2021 at 05:16, calNgary said:

These figures were published a couple of months ago.

'' Residents departing from Melbourne in the March quarter2021were most likely to settle in regional Victoria (44,100 people), but there are also large flows to New South Wales (19,900 people) andQueensland (20,300 people). The distribution of departures from Melbourne follows historical patterns, however the increase in the level of departures from Melbourne is the largest since the start of this series. 

 https://www.theage.com.au/politics/federal/melburnians-head-for-the-country-and-brisbane-in-wake-of-virus-20210803-p58fij.html

https://population.gov.au/docs/econote_prime_march_2021.pdf

 

And how many came, they don't say? It seems to me that you can't assess the departure of people from Melbourne without considering the arrival of people.

2 minutes ago, Paul1Perth said:

Very low interest rates, first time buyer incentives and the general feeding frenzy at auctions. Also the media saying if you don't buy now next week prices will have increased. Makes people panic and pay too much.

Saw exactly the same thing in the UK in the early to mid 80's. 

Classic marketing

On 13/10/2021 at 11:50, Blue Flu said:

Not so. We have inflation in the housing market at the moment. Prices go up. Take away market stimulation and prices will deflate. That includes the top of the market as well. 

What market stimulation are you talking about?

On 19/03/2016 at 02:49, The Pom Queen said:

Pet stock sell Pet Pals ones. https://www.petstock.com.au/products/132811000239?gclid=CNOppf7Dy8sCFdcRvQodQJQCJA

 

To be honest I've seen some gorgeous ones in America over the years but never seen anything that has the wow factor here or when I was in the UK

My acquaintances bought here recently. The owners and the cat were all happy! So can be recommended to all safely!

On 11/02/2020 at 11:01, Aussiebird said:

Hi,

I have noticed that house prices to buy are going up in south west WA, particularly between Secret Harbour to Halls Head.

Has anyone else noticed or are we just missing out on the cheaper ones? 

Housing prices are always going up. Inflation! Only bad housing prices go down.

On 06/10/2021 at 13:17, Jack91 said:

I genuinely forgot I'd applied for citizenship for a couple weeks. Applied back in April and haven't really given it much thought until it got mentioned at work. Still no news here, it's annoying for sure!   

Oh, how long it really is.... What's taking them so long?

On 30/09/2021 at 12:10, Robert Dyson said:

Because in the UK we don't any questions where they actually got their money from, including theft of state assets.   Even a 33% reduction is better than getting put in the Gulag or Putin making you an offer you cannot refuse. 

https://www.cityam.com/top-official-warns-of-disturbing-amount-of-russian-money-laundering-in-uk/

https://www.transparency.org.uk/russia report money laundering professional enablers national security

 

He was beginning to get good at making offers you can't refuse. At least the price of gas in Europe...