Money Transfers - Tax requirements
Dec 21st 2013, 9:22 am
#1
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Money Transfers - Tax requirements
I am looking to sell my house in UK and transfer the money to purchase property in Australia, what are the tax implications and requirements of doing this?
I am a temp resident on a subclass 461 visa.
Thanks.
I am a temp resident on a subclass 461 visa.
Thanks.
Dec 22nd 2013, 12:05 am
#2
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Re: Money Transfers - Tax requirements
Do you fully understand how bad longterm a 461 is ?
Dec 22nd 2013, 5:49 am
#3
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Dec 22nd 2013, 8:04 am
#4
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Re: Money Transfers - Tax requirements
Long term outcomes?
Dec 22nd 2013, 9:00 am
#5
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Re: Money Transfers - Tax requirements
I think they are questioning buying a house in Oz on a temp visa.. What if you lost your job and had to leave the country or something?
Dec 22nd 2013, 9:52 pm
#6
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Re: Money Transfers - Tax requirements
The main risk for a 461 visaholder is the relationship with the NZ sponsor coming to an end - maintaining the 461 visa is contingent on the relationship continuing so the visa can be renewed every 5 years.
Best regards.
Best regards.
Dec 26th 2013, 3:06 am
#7
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Re: Money Transfers - Tax requirements
Wanted to share this with you BECAUSE you can still reapply even if you're not with the Kiwi (http://www.activemigration.com.au/vi...ship-temporary)
Renewing your visa
You can renew your visa, even if your relationship with the Special Category visa holder has ended provided that:
•you have maintained Australian residency; you must have been in Australia for a total of at least two years in the last five years
•you continue to meet standard health and character requirements
•you do not become the member of a family of another person (other than another Special Category visa holder)
•if you are currently outside Australia, you held this visa when you left Australia
Renewing your visa
You can renew your visa, even if your relationship with the Special Category visa holder has ended provided that:
•you have maintained Australian residency; you must have been in Australia for a total of at least two years in the last five years
•you continue to meet standard health and character requirements
•you do not become the member of a family of another person (other than another Special Category visa holder)
•if you are currently outside Australia, you held this visa when you left Australia
Dec 26th 2013, 9:26 am
#8
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Re: Money Transfers - Tax requirements
That's actually not the complete picture.
Have a look here: http://www.immi.gov.au/Visas/Pages/461.aspx
Click on the Visa holders tab, and then How long your visa lasts.
Best regards.
Have a look here: http://www.immi.gov.au/Visas/Pages/461.aspx
Click on the Visa holders tab, and then How long your visa lasts.
Best regards.
Dec 27th 2013, 3:12 am
#9
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Re: Money Transfers - Tax requirements
Okay, this is the updated version....
You can apply for another New Zealand Citizen Family Relationship (Temporary) visa (subclass 461) if:
•you are still a member of the family unit of the New Zealand citizen you named in your application for your first subclass 461 visa
•you are in Australia and:
◦you hold a subclass 461 visa, or you are not the holder of a substantive visa and the last substantive visa you held was a subclass 461 visa
◦you are no longer a member of the family unit of a person in relation to whom you were granted a subclass 461 visa
◦you have not become a member of the family unit of any other person
You can apply for another New Zealand Citizen Family Relationship (Temporary) visa (subclass 461) if:
•you are still a member of the family unit of the New Zealand citizen you named in your application for your first subclass 461 visa
•you are in Australia and:
◦you hold a subclass 461 visa, or you are not the holder of a substantive visa and the last substantive visa you held was a subclass 461 visa
◦you are no longer a member of the family unit of a person in relation to whom you were granted a subclass 461 visa
◦you have not become a member of the family unit of any other person
