Taxation
May 11th 2005, 7:07 am
#1
BE Enthusiast
Thread Starter
Joined: Feb 2005
Posts: 532
Taxation
Are there any taxation experts who can answer some questions for me on Australian tax?
Firstly, i am assuming it is a separate taxation system i.e. separate tay of husband and wife rather than pooling all earnings?
Is tax based on a calendar year?
What happens in the year of arrival - do you get a full years tax allowance and a fulls years allowance of the various tax threshholds?
Are there any big deductions allowed from earnings e.g. mortgage interest etc.
Any help much appreciated
Firstly, i am assuming it is a separate taxation system i.e. separate tay of husband and wife rather than pooling all earnings?
Is tax based on a calendar year?
What happens in the year of arrival - do you get a full years tax allowance and a fulls years allowance of the various tax threshholds?
Are there any big deductions allowed from earnings e.g. mortgage interest etc.
Any help much appreciated
May 11th 2005, 7:31 am
#2
Guest
Posts: n/a
Re: Taxation
Originally Posted by MartinH
Are there any taxation experts who can answer some questions for me on Australian tax?
Firstly, i am assuming it is a separate taxation system i.e. separate tay of husband and wife rather than pooling all earnings?
Is tax based on a calendar year?
What happens in the year of arrival - do you get a full years tax allowance and a fulls years allowance of the various tax threshholds?
Are there any big deductions allowed from earnings e.g. mortgage interest etc.
Any help much appreciated
Firstly, i am assuming it is a separate taxation system i.e. separate tay of husband and wife rather than pooling all earnings?
Is tax based on a calendar year?
What happens in the year of arrival - do you get a full years tax allowance and a fulls years allowance of the various tax threshholds?
Are there any big deductions allowed from earnings e.g. mortgage interest etc.
Any help much appreciated
Is tax based on a calendar year? = July 1 to June 30
do you get a full years tax allowance = Pro-rata on $6,000 threshold
Are there any big deductions = No Personal Mortgage Interest allowed
May 11th 2005, 7:46 am
#3
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: Taxation
There are some free taxsheets available here:
http://www.collettandco.com/factsheet.cfm
Might be of interest ...
Best regards.
http://www.collettandco.com/factsheet.cfm
Might be of interest ...
Best regards.
Originally Posted by MartinH
Are there any taxation experts who can answer some questions for me on Australian tax?
Firstly, i am assuming it is a separate taxation system i.e. separate tay of husband and wife rather than pooling all earnings?
Is tax based on a calendar year?
What happens in the year of arrival - do you get a full years tax allowance and a fulls years allowance of the various tax threshholds?
Are there any big deductions allowed from earnings e.g. mortgage interest etc.
Any help much appreciated
Firstly, i am assuming it is a separate taxation system i.e. separate tay of husband and wife rather than pooling all earnings?
Is tax based on a calendar year?
What happens in the year of arrival - do you get a full years tax allowance and a fulls years allowance of the various tax threshholds?
Are there any big deductions allowed from earnings e.g. mortgage interest etc.
Any help much appreciated
