Coco M Posted November 10, 2019 Share Posted November 10, 2019 Hi everyone, We were previously on a 457 and became Permanent Resident (186) in January 2019. For the tax return (Oz) for 18/19, do we need to declare foreign income (UK property, interest income) from July 18 or from the data we got PR visa (January 19)? We have an accountant but he did not seem very confident with this question! Cheers Coco Quote Link to comment Share on other sites More sharing options...
Alan Collett Posted November 10, 2019 Share Posted November 10, 2019 4 hours ago, Coco M said: Hi everyone, We were previously on a 457 and became Permanent Resident (186) in January 2019. For the tax return (Oz) for 18/19, do we need to declare foreign income (UK property, interest income) from July 18 or from the data we got PR visa (January 19)? We have an accountant but he did not seem very confident with this question! Cheers Coco Hi Coco. You declare foreign income as taxable income from the date you were granted PR. Income prior to that date is disclosable in your tax return as Target Foreign Income: https://www.ato.gov.au/Individuals/Tax-return/2019/Tax-return/Income-test-questions-IT1-IT8/IT4-Target-foreign-income-2019/ Feel able to send a PM to me if you are minded to change your accountant. Best regards. Quote Link to comment Share on other sites More sharing options...
Coco M Posted November 12, 2019 Author Share Posted November 12, 2019 Thank you Alan. I will send you a PM. 1 Quote Link to comment Share on other sites More sharing options...
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