Tax Refund - Working Holiday Visa
#1
Tax Refund - Working Holiday Visa
Hi all,
Does anyone know how much of my tax I may be able to claim for in my tax return? I have heard that most people get a tax refund at the end of the financial year. I was on a working holiday visa from July 09 to Feb 10 and a Temporary Spouse Visa from Feb 10 to present. Will the money earned as a 'working holiday' worker be all completely lost?
Cheers
Does anyone know how much of my tax I may be able to claim for in my tax return? I have heard that most people get a tax refund at the end of the financial year. I was on a working holiday visa from July 09 to Feb 10 and a Temporary Spouse Visa from Feb 10 to present. Will the money earned as a 'working holiday' worker be all completely lost?
Cheers
#2
Re: Tax Refund - Working Holiday Visa
Hi all,
Does anyone know how much of my tax I may be able to claim for in my tax return? I have heard that most people get a tax refund at the end of the financial year. I was on a working holiday visa from July 09 to Feb 10 and a Temporary Spouse Visa from Feb 10 to present. Will the money earned as a 'working holiday' worker be all completely lost?
Cheers
Does anyone know how much of my tax I may be able to claim for in my tax return? I have heard that most people get a tax refund at the end of the financial year. I was on a working holiday visa from July 09 to Feb 10 and a Temporary Spouse Visa from Feb 10 to present. Will the money earned as a 'working holiday' worker be all completely lost?
Cheers
Go speak to an accountant.
Cheers
Steve
#3
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Joined: Mar 2006
Location: Riverland, SA - Beds/Cambs/Nhants was home in UK
Posts: 1,503
Re: Tax Refund - Working Holiday Visa
I agree but I have heard that if you're leaving the country (ie to go back to the UK) you can claim all your tax back .... but it's only rumour so get some proper advice!
#4
Re: Tax Refund - Working Holiday Visa
I am obviously going to seek professional advice further down the line, I just thought someone here might have been in the same situation and could give me a heads up on what to expect.
#5
Re: Tax Refund - Working Holiday Visa
Hi all,
Does anyone know how much of my tax I may be able to claim for in my tax return? I have heard that most people get a tax refund at the end of the financial year. I was on a working holiday visa from July 09 to Feb 10 and a Temporary Spouse Visa from Feb 10 to present. Will the money earned as a 'working holiday' worker be all completely lost?
Cheers
Does anyone know how much of my tax I may be able to claim for in my tax return? I have heard that most people get a tax refund at the end of the financial year. I was on a working holiday visa from July 09 to Feb 10 and a Temporary Spouse Visa from Feb 10 to present. Will the money earned as a 'working holiday' worker be all completely lost?
Cheers
Not sure if this makes sense, but you can only claim all the tax back from your income while on a WHV if you leave the country, but I'm guessing you are still here, just on a different visa? If soo, no tax back, except for whatever adjustment the ATO will sort out for you when you lodge the tax return, I'm afraid.
#6
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Joined: Dec 2008
Posts: 3,396
Re: Tax Refund - Working Holiday Visa
On a WHV you can be considered either resident or non-resident for tax purposes, depending on your movements. For those who stayed in one location for most of their time they will probably be considered resident for tax purposes - but for those who travelled around quite a lot then they will probably be non-resident for tax purposes.
#7
Re: Tax Refund - Working Holiday Visa
On a WHV you can be considered either resident or non-resident for tax purposes, depending on your movements. For those who stayed in one location for most of their time they will probably be considered resident for tax purposes - but for those who travelled around quite a lot then they will probably be non-resident for tax purposes.
He is still in Australia, presumably planning to stay, would love to see the argument that he is not tax resident.
Last edited by Bermudashorts; Jun 17th 2010 at 3:33 am. Reason: clarifying
#8
Re: Tax Refund - Working Holiday Visa
Not studied Australian tax case law on this, but applying some basic tax principles, I would agree with Elice. I think it is extremely unlikely in the circumstances described that Smudger would be entitled to a tax refund.
He is still in Australia, presumably planning to stay, would love to see the argument that he is not tax resident.
He is still in Australia, presumably planning to stay, would love to see the argument that he is not tax resident.
Taxed as non-resident means they paid 29% on ALL earnings without any tax free allowance...therefore some recalculation would be necessary = probable refund.
However the statement that 'you can claim all your tax back' is almost certainly false...but would depend on being taxed as non resident, subsequently being defined as a resident and quite a low income....probably.
#9
Re: Tax Refund - Working Holiday Visa
I would say someone who was taxed as non-resident, which he may have been on the WHV...who subsequently meets the residence test when filling in a tax return would almost certainly be due a refund.
Taxed as non-resident means they paid 29% on ALL earnings without any tax free allowance...therefore some recalculation would be necessary = probable refund.
However the statement that 'you can claim all your tax back' is almost certainly false...but would depend on being taxed as non resident, subsequently being defined as a resident and quite a low income....probably.
Taxed as non-resident means they paid 29% on ALL earnings without any tax free allowance...therefore some recalculation would be necessary = probable refund.
However the statement that 'you can claim all your tax back' is almost certainly false...but would depend on being taxed as non resident, subsequently being defined as a resident and quite a low income....probably.
Last edited by Bermudashorts; Jun 17th 2010 at 3:39 am.
#10
Re: Tax Refund - Working Holiday Visa
That was also what I was trying to put across. It sounded to me that the OP was asking a question that related more to whether he would be considered as resident for tax purposes even while on a WHV. Sounds like a yes any way we look at it. As to whether he will get a refund, filing a tax return will be the best way to find out.