Tax and PR
#1
Tax and PR
After finally getting my PR a week ago I wonder if anyone knows how you prepare for future asset disposals? Does it make sense to get a valuation of my UK properties now? I believe cgt is calculated from PR day to when you sell them.
Any sage advice gratefully received.
Any sage advice gratefully received.
#2
Re: Tax and PR
After finally getting my PR a week ago I wonder if anyone knows how you prepare for future asset disposals? Does it make sense to get a valuation of my UK properties now? I believe cgt is calculated from PR day to when you sell them.
Any sage advice gratefully received.
Any sage advice gratefully received.
Not sure if it's "sage", advice but I'd get a a valuation done and then convert it into a dollar amount based on the published ATO rate for the day/month of PR grant.
I've got a valuation for the day I acquired my one and only non-oz asset and will prob get one done at the end of each Oz tax year as it needs to be declared
#3
Re: Tax and PR
After finally getting my PR a week ago I wonder if anyone knows how you prepare for future asset disposals? Does it make sense to get a valuation of my UK properties now? I believe cgt is calculated from PR day to when you sell them.
Any sage advice gratefully received.
Any sage advice gratefully received.
Hopefully there'll be less bitching this time.
#4
Re: Tax and PR
After finally getting my PR a week ago I wonder if anyone knows how you prepare for future asset disposals? Does it make sense to get a valuation of my UK properties now? I believe cgt is calculated from PR day to when you sell them.
Any sage advice gratefully received.
Any sage advice gratefully received.
#5
Re: Tax and PR
oh! i always thought TE was a PR! congrats! do your valuations now so it's fully documented.
#6
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,806
#7
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,806
Re: Tax and PR
After finally getting my PR a week ago I wonder if anyone knows how you prepare for future asset disposals? Does it make sense to get a valuation of my UK properties now? I believe cgt is calculated from PR day to when you sell them.
Any sage advice gratefully received.
Any sage advice gratefully received.
#9
Re: Tax and PR
I'm in Subiaco - it's great (except perhaps for the flies) !! Like the Renaissance compared to FNQ.
#10
Re: Tax and PR
Congrats on the PR, TE - must be a huge relief to you!
Are you going to hang around for citizenship or are you going to bugger off on a new adventure?
(Can't help on the tax, if I only had assets )
Are you going to hang around for citizenship or are you going to bugger off on a new adventure?
(Can't help on the tax, if I only had assets )
#11
Re: Tax and PR
After finally getting my PR a week ago I wonder if anyone knows how you prepare for future asset disposals? Does it make sense to get a valuation of my UK properties now? I believe cgt is calculated from PR day to when you sell them.
Any sage advice gratefully received.
Any sage advice gratefully received.
#12
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,806
#15
BE Forum Addict
Joined: Jan 2003
Location: Brisbane
Posts: 1,576
Re: Tax and PR
The exception would be if you were retired and claiming an Ozzie pension then they would want to know the value of all your assets.