Tarby777 Posted July 7, 2012 Share Posted July 7, 2012 Hi all, A couple of questions about UK mortgage interest, rental property income, bank interest etc that I will declare on my Aussie tax return: 1) Given that the amounts were accrued over the whole year, what's the correct exchange rate to use? 2) What's the right approach to take with the different dates on UK/Aussie tax years? I mean, on my Aussie tax return, should I declare the April-March figures or the July-June figures for my UK assets & liabilities? TIA Tarby Link to comment Share on other sites More sharing options...
Freckleface Posted July 7, 2012 Share Posted July 7, 2012 If you are not using an accountant who can work these things out for you I think I would be inclined to ask the ATO itself. http://www.ato.gov.au/ Link to comment Share on other sites More sharing options...
thombatt Posted July 7, 2012 Share Posted July 7, 2012 The ato actually gives their approved rates. Impossible to find if you don't know about them. http://www.ato.gov.au/businesses/content.aspx?doc=/content/22855.htm&mnu=44257&mfp=001/003 Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.