mala

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

No.

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

spalen

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

LOL.. i like the A b and c ...

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

mala

TRUE

elice_in_oz

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

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

Can you use these guys, or a bank? http://www.westernunion.com/info/hom...asp?country=LK

riteshvarma

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

There you go you've been told

crispysince70

This is so funny!!! a) nuts and b) nuts and c) nuts.

shafanm

Talk to ANZ Bank in colombo, they will advice a easy option.