Uk & Oz Holding Dual Citizenship
#1
Forum Regular
Thread Starter
Joined: Oct 2003
Location: Sydney
Posts: 45
Uk & Oz Holding Dual Citizenship
Hello All,
Would anyone out there happen to know what are the tax, implications once you have dual hold citizenship for both UK & Australia?
Is it different if you hold Uk Citizenship and PR for Australia?
I am looking at starting my own business here in Australia and wanted to be sure where I stood, in terms of paying tax what needs to be declared going by the book without any surprises down the road.
I tried asking a few accountants here, but they did not know?
Thanks
Hamish
Would anyone out there happen to know what are the tax, implications once you have dual hold citizenship for both UK & Australia?
Is it different if you hold Uk Citizenship and PR for Australia?
I am looking at starting my own business here in Australia and wanted to be sure where I stood, in terms of paying tax what needs to be declared going by the book without any surprises down the road.
I tried asking a few accountants here, but they did not know?
Thanks
Hamish
#2
BE Forum Addict
Joined: Oct 2006
Location: Nowhere - I'm a travelling (wo)man!
Posts: 2,362
Re: Uk & Oz Holding Dual Citizenship
Both countries levy tax on the basis of residence, not citizenship, so it makes no difference what countries you are a citizen of.
#3
Forum Regular
Thread Starter
Joined: Oct 2003
Location: Sydney
Posts: 45
Re: Uk & Oz Holding Dual Citizenship
Would anyone know of any competent accountants in Sydney who could assist?:
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Hamish
(
Hamish