Bringing money over from UK to Oz, tax implications?
#1
Forum Regular
Thread Starter
Joined: Apr 2007
Location: Hills District, Sydney
Posts: 276
Bringing money over from UK to Oz, tax implications?
Had a quick look for what I'm looking for but can't find the answer so here goes
Can anyone advise on tax implications on bringing money over from UK to Oz. I'm over in Oz now and have been here for under a year if that makes any difference. I'm just wondering if you can bring over a certain amount within a certain time limit without paying tax etc.
If anyone can advise, it would be much appreciated.
Many thanks
Can anyone advise on tax implications on bringing money over from UK to Oz. I'm over in Oz now and have been here for under a year if that makes any difference. I'm just wondering if you can bring over a certain amount within a certain time limit without paying tax etc.
If anyone can advise, it would be much appreciated.
Many thanks
#2
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Bringing money over from UK to Oz, tax implications?
Had a quick look for what I'm looking for but can't find the answer so here goes
Can anyone advise on tax implications on bringing money over from UK to Oz. I'm over in Oz now and have been here for under a year if that makes any difference. I'm just wondering if you can bring over a certain amount within a certain time limit without paying tax etc.
If anyone can advise, it would be much appreciated.
Many thanks
Can anyone advise on tax implications on bringing money over from UK to Oz. I'm over in Oz now and have been here for under a year if that makes any difference. I'm just wondering if you can bring over a certain amount within a certain time limit without paying tax etc.
If anyone can advise, it would be much appreciated.
Many thanks
#3
Re: Bringing money over from UK to Oz, tax implications?
Had a quick look for what I'm looking for but can't find the answer so here goes
Can anyone advise on tax implications on bringing money over from UK to Oz. I'm over in Oz now and have been here for under a year if that makes any difference. I'm just wondering if you can bring over a certain amount within a certain time limit without paying tax etc.
If anyone can advise, it would be much appreciated.
Many thanks
Can anyone advise on tax implications on bringing money over from UK to Oz. I'm over in Oz now and have been here for under a year if that makes any difference. I'm just wondering if you can bring over a certain amount within a certain time limit without paying tax etc.
If anyone can advise, it would be much appreciated.
Many thanks
#4
Forum Regular
Thread Starter
Joined: Apr 2007
Location: Hills District, Sydney
Posts: 276
Re: Bringing money over from UK to Oz, tax implications?
excellent, many thanks for people replying. Not much chance of me making gains on the exchange rate
#5
Re: Bringing money over from UK to Oz, tax implications?
Had a quick look for what I'm looking for but can't find the answer so here goes
Can anyone advise on tax implications on bringing money over from UK to Oz. I'm over in Oz now and have been here for under a year if that makes any difference. I'm just wondering if you can bring over a certain amount within a certain time limit without paying tax etc.
If anyone can advise, it would be much appreciated.
Many thanks
Can anyone advise on tax implications on bringing money over from UK to Oz. I'm over in Oz now and have been here for under a year if that makes any difference. I'm just wondering if you can bring over a certain amount within a certain time limit without paying tax etc.
If anyone can advise, it would be much appreciated.
Many thanks
#6
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Thread Starter
Joined: Apr 2007
Location: Hills District, Sydney
Posts: 276
Re: Bringing money over from UK to Oz, tax implications?
yep, all I found was bringing money over when you're entering country. Found another thread where someone asked the same question as I am but they didn't get any responses!!
#7
Re: Bringing money over from UK to Oz, tax implications?
Strange. It's a question that comes up on a regular basis (say every 3-6 months). It usually causes a few arguments when it gets going.
#8
Forum Regular
Joined: May 2009
Location: Brisbane
Posts: 257
Re: Bringing money over from UK to Oz, tax implications?
If you transfer reasonably small amounts through your own bank accounts, say 5k, how would anyone know?
#10
Re: Bringing money over from UK to Oz, tax implications?
http://britishexpats.com/forum/showthread.php?t=707626
PS: Here it is. A complete flip by Brenda.
http://britishexpats.com/forum/showthread.php?t=713240
Last edited by Rambi; Jun 3rd 2011 at 11:52 am.
#11
Re: Bringing money over from UK to Oz, tax implications?
Just quickly for each adult you are allowed to bring in 10 grand,any more you have to declare,if in doubt always declare,that way you wil be allowed to keep your cash,we came over with 20 grand,declared it and went straight through without a problem.........
#12
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Thread Starter
Joined: Apr 2007
Location: Hills District, Sydney
Posts: 276
Re: Bringing money over from UK to Oz, tax implications?
Cheers but this thread wasn't asking about how much you can bring in through customs, its more about if there are tax implications when you bring it over from UK to your bank account. Whether they'll tax you for what you bring over.
#14
Re: Bringing money over from UK to Oz, tax implications?
As i said before,if your brining money into Australia,for each adult you are allowed to bring in 10 grand,any more you have to declare,if in doubt always declare,that way you wil be allowed to keep your cash,we came over with 20 grand,declared it and went straight through without a problem..
#15
Re: Bringing money over from UK to Oz, tax implications?
As i said before,if your brining money into Australia,for each adult you are allowed to bring in 10 grand,any more you have to declare,if in doubt always declare,that way you wil be allowed to keep your cash,we came over with 20 grand,declared it and went straight through without a problem..
Yes, if you're bringing it in cash through customs. No need to do that if you have transferred it from a UK account to an AU one.
S