Bloody Tax
Mar 30th 2007, 11:05 am
#1
Just Joined
Thread Starter
Joined: Sep 2004
Location: central coast
Posts: 27
Bloody Tax
Hello everyone,
What are the tax implications of leaving 30KGPB in a UK account or is it better to transfer the money to AUS and pay the tax on it over there.
I've already mailed UK & AUS tax authorities but can't get a straight answer out of any of the Tossers
Cheers,
Jon
What are the tax implications of leaving 30KGPB in a UK account or is it better to transfer the money to AUS and pay the tax on it over there.
I've already mailed UK & AUS tax authorities but can't get a straight answer out of any of the Tossers
Cheers,
Jon
Mar 30th 2007, 11:10 am
#2
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: Bloody Tax
Hello everyone,
What are the tax implications of leaving 30KGPB in a UK account or is it better to transfer the money to AUS and pay the tax on it over there.
I've already mailed UK & AUS tax authorities but can't get a straight answer out of any of the Tossers
Cheers,
Jon
What are the tax implications of leaving 30KGPB in a UK account or is it better to transfer the money to AUS and pay the tax on it over there.
I've already mailed UK & AUS tax authorities but can't get a straight answer out of any of the Tossers
Cheers,
Jon
You may also be liable for tax on any Forex gains on the capital if it is left in the UK and transferred at a later date.
