Tax laws... bringing money to aus
#1
Tax laws... bringing money to aus
Hi guys. Sorry if this is a silly question. Does anyone know what the tax laws are in regards to bringing a large sum of money over to aus? I have a couple of hundred K to start setting me up over there so wanted to know whats taxed. My tired little brain can't filter the information at the moment and I'm reading conflicting information
#2
Forum Regular
Joined: Jul 2002
Location: Japan
Posts: 103
Re: Tax laws... bringing money to aus
If its after tax income there will not be any tax at all in Australia.
Large transfers sometimes attract the attention of the tax office so I would make sure you have documents demonstrating how the money was earned, but I doubt they would bother in a case like this.
Large transfers sometimes attract the attention of the tax office so I would make sure you have documents demonstrating how the money was earned, but I doubt they would bother in a case like this.
#4
Re: Tax laws... bringing money to aus
Hi guys. Sorry if this is a silly question. Does anyone know what the tax laws are in regards to bringing a large sum of money over to aus? I have a couple of hundred K to start setting me up over there so wanted to know whats taxed. My tired little brain can't filter the information at the moment and I'm reading conflicting information