Earning £ and living in Oz
Oct 16th 2003, 10:22 pm
#1
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Location: Bayside Brisbane
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Earning £ and living in Oz
Hi everyone,
Just wondered if anybody else was in the same situation - I've got a business over here which, in theory, I can run successfully from Oz. Question is - how do I get the money that I make; which will be UK taxed, over to Oz without leaving myself liable for more tax!?
sorry, boring question
Mark (easily taxed)
Just wondered if anybody else was in the same situation - I've got a business over here which, in theory, I can run successfully from Oz. Question is - how do I get the money that I make; which will be UK taxed, over to Oz without leaving myself liable for more tax!?
sorry, boring question
Mark (easily taxed)
Oct 16th 2003, 10:26 pm
#2
High in the Dandenongs
Joined: Apr 2003
Location: Listening to Puffing Billy
Posts: 9,183
to taxing for me mate!! When are you off?? Good luck with getting sensible answers from you question to!!
Oct 16th 2003, 10:47 pm
#3
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Originally posted by h garrett
to taxing for me mate!! When are you off?? Good luck with getting sensible answers from you question to!!
to taxing for me mate!! When are you off?? Good luck with getting sensible answers from you question to!!
I know its tacky - but I just thought it would be a fun way to go, I think it was the unlimited free chocolate that swung the deal!Brisbane for Christmas (no house, no job .... no worries mate)
Oct 16th 2003, 11:05 pm
#4
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Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
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Re: Earning £ and living in Oz
Mark,
The short answer is .. it all depends.
Do you trade as a limited company or as a sole proprietor? Where are your customers based? Do you have retained earnings in the business that you want to extract? Etc etc.
As a general principle it is easier from a tax perspective to wind up the UK business and start a new business in Australia. But if your customers are in the UK it might be preferable to retain a UK presence.
Happy to advise more fully and to confirm our fees if you send me an email ...
Best regards.
The short answer is .. it all depends.
Do you trade as a limited company or as a sole proprietor? Where are your customers based? Do you have retained earnings in the business that you want to extract? Etc etc.
As a general principle it is easier from a tax perspective to wind up the UK business and start a new business in Australia. But if your customers are in the UK it might be preferable to retain a UK presence.
Happy to advise more fully and to confirm our fees if you send me an email ...
Best regards.
Originally posted by doub
Hi everyone,
Just wondered if anybody else was in the same situation - I've got a business over here which, in theory, I can run successfully from Oz. Question is - how do I get the money that I make; which will be UK taxed, over to Oz without leaving myself liable for more tax!?
sorry, boring question
Mark (easily taxed)
Hi everyone,
Just wondered if anybody else was in the same situation - I've got a business over here which, in theory, I can run successfully from Oz. Question is - how do I get the money that I make; which will be UK taxed, over to Oz without leaving myself liable for more tax!?
sorry, boring question
Mark (easily taxed)
Oct 16th 2003, 11:19 pm
#5
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Thread Starter
Joined: Oct 2002
Location: Bayside Brisbane
Posts: 321
Re: Earning £ and living in Oz
Originally posted by Alan Collett
Mark,
The short answer is .. it all depends.
Do you trade as a limited company or as a sole proprietor? Where are your customers based? Do you have retained earnings in the business that you want to extract? Etc etc.
As a general principle it is easier from a tax perspective to wind up the UK business and start a new business in Australia. But if your customers are in the UK it might be preferable to retain a UK presence.
Happy to advise more fully and to confirm our fees if you send me an email ...
Best regards.
Mark,
The short answer is .. it all depends.
Do you trade as a limited company or as a sole proprietor? Where are your customers based? Do you have retained earnings in the business that you want to extract? Etc etc.
As a general principle it is easier from a tax perspective to wind up the UK business and start a new business in Australia. But if your customers are in the UK it might be preferable to retain a UK presence.
Happy to advise more fully and to confirm our fees if you send me an email ...
Best regards.
Ill be in touch
Oct 16th 2003, 11:56 pm
#6
Guest
Posts: n/a
Re: Earning £ and living in Oz
Originally posted by doub
Hi everyone,
Just wondered if anybody else was in the same situation - I've got a business over here which, in theory, I can run successfully from Oz. Question is - how do I get the money that I make; which will be UK taxed, over to Oz without leaving myself liable for more tax!?
sorry, boring question
Mark (easily taxed)
Hi everyone,
Just wondered if anybody else was in the same situation - I've got a business over here which, in theory, I can run successfully from Oz. Question is - how do I get the money that I make; which will be UK taxed, over to Oz without leaving myself liable for more tax!?
sorry, boring question
Mark (easily taxed)
Work I do for Australian clients gets billed in dollars and paid straight into the dollar account.
All tax is paid in Australia.
