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-   -   declaring over 10000AUD (https://britishexpats.com/forum/australia-54/declaring-over-10000aud-668162/)

mala May 13th 2010 5:55 pm
declaring over 10000AUD
 
hi all,

do we get taxed when declaring it ? what is the best way to take cash in to aus ? i am planning to sell my house in my home country so i will be bringing in over 10000aud. is it cheaper to do a bank to bank funds transfer ?

thanks
mihiri

bcworld May 13th 2010 6:03 pm
Re: declaring over 10000AUD
 
Originally Posted by mala (Post 8564399)
do we get taxed when declaring it ?
No.

Originally Posted by mala (Post 8564399)
is it cheaper to do a bank to bank funds transfer ?
Forget cheap - it's a heck of a lot safer!

spalen May 13th 2010 6:10 pm
Re: declaring over 10000AUD
 
Originally Posted by mala (Post 8564399)
hi all,

do we get taxed when declaring it ? what is the best way to take cash in to aus ? i am planning to sell my house in my home country so i will be bringing in over 10000aud. is it cheaper to do a bank to bank funds transfer ?

thanks
mihiri
All of your assets get re-valued to their value on the date you move to australia - so in short - no there is no tax.

If you carry 10k in Cash you are a) nuts and b) nuts and c) nuts.

You should use a money transfer company like Hifx or Tranzfers both are reputable and hundreds of people have used them from this site.

mala May 13th 2010 6:16 pm
Re: declaring over 10000AUD
 
Originally Posted by spalen (Post 8564413)
All of your assets get re-valued to their value on the date you move to australia - so in short - no there is no tax.

If you carry 10k in Cash you are a) nuts and b) nuts and c) nuts.

You should use a money transfer company like Hifx or Tranzfers both are reputable and hundreds of people have used them from this site.
LOL.. i like the A b and c ... :thumbsup:

i am from SL and we dont have those companies here. so probably bank transfer is better ?:confused:

mala May 13th 2010 6:17 pm
Re: declaring over 10000AUD
 
Originally Posted by bcworld (Post 8564407)
No.



Forget cheap - it's a heck of a lot safer!
TRUE:thumbup:

elice_in_oz May 13th 2010 8:06 pm
Re: declaring over 10000AUD
 
Originally Posted by mala (Post 8564421)
LOL.. i like the A b and c ... :thumbsup:

i am from SL and we dont have those companies here. so probably bank transfer is better ?:confused:
Are there international banks such as HSBC in SL? Not sure but if so, you could open an account with them in SL and then one here and transfer that way. Might not be cheaper than from another bank but may be easier and quicker... Just a suggestion.

spalen May 14th 2010 12:05 am
Re: declaring over 10000AUD
 
Originally Posted by mala (Post 8564421)
LOL.. i like the A b and c ... :thumbsup:

i am from SL and we dont have those companies here. so probably bank transfer is better ?:confused:
Definitely use a bank - do not bring cash. Even if they charge you 200$ to do it its better than the risk of losing >10K$ by being mugged, dropping it, plane crash, car crash, or lightning strike.

Go ask your bank if you can transfer it remotely once you are in aus. bring enough with you to surive 2 weeks and a credit card - then open an aussie bank account and transfer it remotely.

fish.01 May 14th 2010 1:21 am
Re: declaring over 10000AUD
 
Can you use these guys, or a bank? http://www.westernunion.com/info/hom...asp?country=LK

riteshvarma May 14th 2010 6:45 pm
Re: declaring over 10000AUD
 
Originally Posted by fish.01 (Post 8564936)
Western Union is CRAP!! I would speak to biggest local banks and work out a wire transfer deal. You can fill in the forms and leave the destination account null and then ask family to submit it with cash/check once you have an account in Oz.

fish.01 May 14th 2010 6:56 pm
Re: declaring over 10000AUD
 
Originally Posted by riteshvarma (Post 8566267)
Western Union is CRAP!! I would speak to biggest local banks and work out a wire transfer deal. You can fill in the forms and leave the destination account null and then ask family to submit it with cash/check once you have an account in Oz.
There you go you've been told :)

crispysince70 May 15th 2010 7:00 am
Re: declaring over 10000AUD
 
Originally Posted by spalen (Post 8564413)
All of your assets get re-valued to their value on the date you move to australia - so in short - no there is no tax.

If you carry 10k in Cash you are a) nuts and b) nuts and c) nuts.

You should use a money transfer company like Hifx or Tranzfers both are reputable and hundreds of people have used them from this site.
This is so funny!!! a) nuts and b) nuts and c) nuts.

shafanm May 15th 2010 3:31 pm
Re: declaring over 10000AUD
 
Originally Posted by mala (Post 8564421)
LOL.. i like the A b and c ... :thumbsup:

i am from SL and we dont have those companies here. so probably bank transfer is better ?:confused:
Talk to ANZ Bank in colombo, they will advice a easy option.


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