Guest KEITH&RACHEL Posted October 4, 2009 Report Share Posted October 4, 2009 Hi does anybody know if you have to pay tax on money entering into Australia. Such as the proceeds of your house sale? If so how much, or doesnt it matter?? Quote Link to comment Share on other sites More sharing options...
Guest jlockwood Posted October 5, 2009 Report Share Posted October 5, 2009 suggest you email Colleen Handy at chandy@uhyhn.com.au . She works for UHY Haines Norton, Chartered Accountants in Perth. Colleen is qualified to answer both UK and Australian tax issues. Quote Link to comment Share on other sites More sharing options...
Guest KEITH&RACHEL Posted October 5, 2009 Report Share Posted October 5, 2009 Thanks for your reply. Have been told by a financial advisor from a seminar about Oz that the money can be transferred without any problems. You also have 6 months to do this after that and it may be an issue. As Australia has a tax on over seas investments. That is even down to endowments etc!! Quote Link to comment Share on other sites More sharing options...
Guest jlockwood Posted October 5, 2009 Report Share Posted October 5, 2009 Hi Once you have been here for over 6 months you are liable for tax on the growth of your fund from the date you arrive to the date of transfer - the growth (and it is only the growth that is taxed directly from your superannuation fund at 15%). You can transfer the pension/s yourself as long as you transfer your funds into a QROPS fund, but a lot of our clients find that the whole pension transfer bit is complicated and full of jargon that is not understood. If you have any questions do not hesitate to contact me on jlockwood@uhyhn.com.au Quote Link to comment Share on other sites More sharing options...
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