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 |
Re: Tax Refund - Working Holiday Visa
Originally Posted by Smudger82
(Post 8637527)
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 Go speak to an accountant. Cheers Steve |
Re: Tax Refund - Working Holiday Visa
Originally Posted by lonndongeek
(Post 8637675)
The value of any advice you get from an Internet forum is worth exactly the same amount as you pay for it.
Go speak to an accountant. Cheers Steve |
Re: Tax Refund - Working Holiday Visa
Originally Posted by lonndongeek
(Post 8637675)
The value of any advice you get from an Internet forum is worth exactly the same amount as you pay for it.
Go speak to an accountant. Cheers Steve 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. |
Re: Tax Refund - Working Holiday Visa
Originally Posted by Smudger82
(Post 8637527)
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 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. |
Re: Tax Refund - Working Holiday Visa
Originally Posted by elice_in_oz
(Post 8637944)
AFAIK, whether you're on a temporary (WHV) visa or a permanent one you are considered a resident for tax purposes and will not get any back (unless your overall income is lower that what you paid tax on during the year).
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Re: Tax Refund - Working Holiday Visa
Originally Posted by roaringmouse
(Post 8637995)
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. :p |
Re: Tax Refund - Working Holiday Visa
Originally Posted by Bermudashorts
(Post 8638013)
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. :p 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. |
Re: Tax Refund - Working Holiday Visa
Originally Posted by bcworld
(Post 8638015)
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. |
Re: Tax Refund - Working Holiday Visa
Originally Posted by bcworld
(Post 8638015)
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.
Originally Posted by Bermudashorts
(Post 8638019)
Ah ok. I will rewrite that then, was just trying to say that I am sure he would be considered resident throughout, regardless of whether that means there is a refund or otherwise.
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