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Gogibraltar

Last tax before moving back

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Hi and apologies for a second cry for advice in such rapid sequence.

 

This one relates to tax. I am about to file my tax return for 2013/2014 here in Oz and will have worked about 4 months of the 2014/2015 by the time we leave the country to go to the UK.

 

Has anyone filed an early tax return for the balance of the tax year worked in Auatralia? ...or does the balance just roll over into my assessable tax income when I file my UK taxes next year. What happens to the amounts my employer has been PAYGing on my behalf for these past four months? Is it lost in the ether?

 

I know Ask a Tax Agent is the obvious answer but I don't know any I have a high level of confidence on.

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Tbh I can't remember what I did. I think I just left and responded to the letters when they came. They pro rata, so there was nothing to pay, as I was payg and had few deductions. Best way would be to call ato, or send them an email.


Nearly there! Don't drop the ball now guys! Vaccines are weeks away. Stay safe!

 

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In the same position as you. Easy answer.

1. Buy ticket - one way - to UK

2. Go to H and R Block or some such firm and file a paper return - you can then claim all tax back after June 2014 until you leave.

 

Easy!

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I asked a tax consultant whether we could file a tax return prior to leaving. He said yes we could but they don't do anything with it until June 2015, he also said we can file a tax return from abroad. Not sure whether that helps.

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Not so. Early returns take up to 50 days to get into your account. My accountant thinks it will be more like 2-3 weeks.

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I'd assume you simply lodge your Australian return next July. I'm sure ATO would like their crack at your income before you then lodge any return in the UK based on whatever worldwide income/tax may need to be reported.

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I filed my return for 2013-4 in July (by post in the end) and recently received a rebate on the PAYG tax that I'd paid between June and Dec 2013. No problems at all. Be careful of being non-resident during part of the year as the ATO will assess any income including savings at 32% for that period with no tax-free threshold (this was discussed in a recent post here).

Or do what DavidCellist suggests?

 

So I moved my savings over to the UK when I left to avoid that...

 

I assume the Inland Revenue don't have any knowledge of your Aussie income and tax unless you tell them you had a part-year income from working there? Probably best to treat them separately!

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