Tax on UK Income
Jun 25th 2006, 8:23 pm
#1
Forum Regular
Thread Starter
Joined: Jun 2005
Posts: 69
Tax on UK Income
Hi , anyone help with this one .....
The Mrs has a hairdressing salon here in the UK , and she's planning to let one of the girls run it while were in Oz , for a length of time to see if we settle .
We're planning on keeping the shop in my wifes name so if we dont like it , for whatever reason and we come home the business will still be open (hopefully ! ) .
The thing that we want to know is , will the business be liable for income tax in the UK and Australia ?
There's something called Double Taxation Agreement , but it doesnt make a lot of sense to me !
Also we're planning on renting out our home , really for the same reasons as above , so will the rental money be liable to tax in both countries too ?
Thanks in advance .
Ali n Ali
The Mrs has a hairdressing salon here in the UK , and she's planning to let one of the girls run it while were in Oz , for a length of time to see if we settle .
We're planning on keeping the shop in my wifes name so if we dont like it , for whatever reason and we come home the business will still be open (hopefully ! ) .
The thing that we want to know is , will the business be liable for income tax in the UK and Australia ?
There's something called Double Taxation Agreement , but it doesnt make a lot of sense to me !
Also we're planning on renting out our home , really for the same reasons as above , so will the rental money be liable to tax in both countries too ?
Thanks in advance .
Ali n Ali
Jun 26th 2006, 2:28 pm
#2
Forum Regular
Thread Starter
Joined: Jun 2005
Posts: 69
Re: Tax on UK Income
Originally Posted by ali n ali
Hi , anyone help with this one .....
The Mrs has a hairdressing salon here in the UK , and she's planning to let one of the girls run it while were in Oz , for a length of time to see if we settle .
We're planning on keeping the shop in my wifes name so if we dont like it , for whatever reason and we come home the business will still be open (hopefully ! ) .
The thing that we want to know is , will the business be liable for income tax in the UK and Australia ?
There's something called Double Taxation Agreement , but it doesnt make a lot of sense to me !
Also we're planning on renting out our home , really for the same reasons as above , so will the rental money be liable to tax in both countries too ?
Thanks in advance .
Ali n Ali
The Mrs has a hairdressing salon here in the UK , and she's planning to let one of the girls run it while were in Oz , for a length of time to see if we settle .
We're planning on keeping the shop in my wifes name so if we dont like it , for whatever reason and we come home the business will still be open (hopefully ! ) .
The thing that we want to know is , will the business be liable for income tax in the UK and Australia ?
There's something called Double Taxation Agreement , but it doesnt make a lot of sense to me !
Also we're planning on renting out our home , really for the same reasons as above , so will the rental money be liable to tax in both countries too ?
Thanks in advance .
Ali n Ali
Awwwwwwww ,............ Come on ,any takers ?
Jun 26th 2006, 3:05 pm
#3
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: Tax on UK Income
Tax factsheets here might help:
www.collettandco.com
Best regards.
www.collettandco.com
Best regards.
Originally Posted by ali n ali
Hi , anyone help with this one .....
The Mrs has a hairdressing salon here in the UK , and she's planning to let one of the girls run it while were in Oz , for a length of time to see if we settle .
We're planning on keeping the shop in my wifes name so if we dont like it , for whatever reason and we come home the business will still be open (hopefully ! ) .
The thing that we want to know is , will the business be liable for income tax in the UK and Australia ?
There's something called Double Taxation Agreement , but it doesnt make a lot of sense to me !
Also we're planning on renting out our home , really for the same reasons as above , so will the rental money be liable to tax in both countries too ?
Thanks in advance .
Ali n Ali
The Mrs has a hairdressing salon here in the UK , and she's planning to let one of the girls run it while were in Oz , for a length of time to see if we settle .
We're planning on keeping the shop in my wifes name so if we dont like it , for whatever reason and we come home the business will still be open (hopefully ! ) .
The thing that we want to know is , will the business be liable for income tax in the UK and Australia ?
There's something called Double Taxation Agreement , but it doesnt make a lot of sense to me !
Also we're planning on renting out our home , really for the same reasons as above , so will the rental money be liable to tax in both countries too ?
Thanks in advance .
Ali n Ali
