Exchanging pounds stirling to $$$ a year after arrival.....
Nov 2nd 2005, 10:18 am
#1
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Location: Cairns
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Exchanging pounds stirling to $$$ a year after arrival.....
Hi! 
We arrived 14 months ago and have been building our own house. We need to transfer our last dregs from the U.K to OZ to complete our property (landscaping / fencing / pool etc). I'm fairly certain I've read previously that HIFX (with whom we transferred the bulk of our cash 14 months ago) don't give exchange rates as favourably, once you are in OZ. Can anyone either confirm or deny this and does anyone have idea of the possible tax implications when transferring this money now we are settled in OZ?
Any advice / replies greatfully recieved, thanks.
We arrived 14 months ago and have been building our own house. We need to transfer our last dregs from the U.K to OZ to complete our property (landscaping / fencing / pool etc). I'm fairly certain I've read previously that HIFX (with whom we transferred the bulk of our cash 14 months ago) don't give exchange rates as favourably, once you are in OZ. Can anyone either confirm or deny this and does anyone have idea of the possible tax implications when transferring this money now we are settled in OZ?
Any advice / replies greatfully recieved, thanks.
Nov 2nd 2005, 10:27 am
#2
Joined: Jan 2005
Location: Asia Pacific
Posts: 4,922
Re: Exchanging pounds stirling to $$$ a year after arrival.....
Originally Posted by steandleigh
Hi!
We arrived 14 months ago and have been building our own house. We need to transfer our last dregs from the U.K to OZ to complete our property (landscaping / fencing / pool etc). I'm fairly certain I've read previously that HIFX (with whom we transferred the bulk of our cash 14 months ago) don't give exchange rates as favourably, once you are in OZ. Can anyone either confirm or deny this and does anyone have idea of the possible tax implications when transferring this money now we are settled in OZ?
Any advice / replies greatfully recieved, thanks.
We arrived 14 months ago and have been building our own house. We need to transfer our last dregs from the U.K to OZ to complete our property (landscaping / fencing / pool etc). I'm fairly certain I've read previously that HIFX (with whom we transferred the bulk of our cash 14 months ago) don't give exchange rates as favourably, once you are in OZ. Can anyone either confirm or deny this and does anyone have idea of the possible tax implications when transferring this money now we are settled in OZ?
Any advice / replies greatfully recieved, thanks.
Hope you new home works out and is everything you wished for. As to the tax implications I do not know sadly.
Nov 2nd 2005, 10:30 am
#3
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Re: Exchanging pounds stirling to $$$ a year after arrival.....
Originally Posted by Centurion
No idea. But www.ozforex.com.au will do it fine from Australia although if you are transferring less than £150000 then consider using www.tranzfers.com who are owned by Ozforex and give the same rates as they will for anything up to that amount. Just a suggestion.
Hope you new home works out and is everything you wished for. As to the tax implications I do not know sadly.
Hope you new home works out and is everything you wished for. As to the tax implications I do not know sadly.
Nov 2nd 2005, 12:06 pm
#4
Off to Perth in early Oct
Joined: Jan 2005
Location: Secret Harbour, WA
Posts: 968
Re: Exchanging pounds stirling to $$$ a year after arrival.....
Originally Posted by steandleigh
Many thanks for that. Will check out the OzForex site. Anyone any clue as to the tax situation?
Nov 2nd 2005, 6:10 pm
#5
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Joined: Apr 2003
Location: Sutherland - til we find a house with a nice kitchen! Oh, even better - found one with a nice pool.
Posts: 93
Re: Exchanging pounds stirling to $$$ a year after arrival.....
Nov 3rd 2005, 11:16 am
#6
Off to Perth in early Oct
Joined: Jan 2005
Location: Secret Harbour, WA
Posts: 968
Re: Exchanging pounds stirling to $$$ a year after arrival.....
Originally Posted by Mr. Ee
