Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament
Mar 28th 2006, 4:04 pm
#1
Migration Agent
Thread Starter
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament
Mar 28th 2006, 10:23 pm
#2
Just Joined
Joined: Sep 2005
Posts: 19
Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament
Originally Posted by Alan Collett
Mar 29th 2006, 12:08 am
#3
BE Forum Addict
Joined: Sep 2005
Posts: 1,207
Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament
Does this mean as a Business Skills visa holder we can possible move pension funds without tax? Not really sure how this will work.
Also we can sell property in Greece once there with no CG tax?
I guess there has to be SOME benefits for a temp visa
Also we can sell property in Greece once there with no CG tax?
I guess there has to be SOME benefits for a temp visa
Mar 29th 2006, 12:16 am
#4
Migration Agent
Thread Starter
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament
In response to your second question: quite possibly ... though I am reticent about giving categoric advice on a discussion forum without having the full details to hand.
In response to your first question: hmmm ... not sure. I think section 27CAA will probably continue to apply to temporary residents, but it may not be possible for temporary residents of Australia to secure a transfer of their pension fund out of the UK (though this might change with the new pension regime in the UK from the 6th of April).
Because of the possible tax at stake I would have to recommend taking professional advice on both issues.
Best regards.
In response to your first question: hmmm ... not sure. I think section 27CAA will probably continue to apply to temporary residents, but it may not be possible for temporary residents of Australia to secure a transfer of their pension fund out of the UK (though this might change with the new pension regime in the UK from the 6th of April).
Because of the possible tax at stake I would have to recommend taking professional advice on both issues.
Best regards.
Originally Posted by rammygirl
Does this mean as a Business Skills visa holder we can possible move pension funds without tax? Not really sure how this will work.
Also we can sell property in Greece once there with no CG tax?
I guess there has to be SOME benefits for a temp visa
Also we can sell property in Greece once there with no CG tax?
I guess there has to be SOME benefits for a temp visa
Mar 30th 2006, 8:47 pm
#5
BE Forum Addict
Joined: Sep 2005
Posts: 1,207
Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament
Originally Posted by Alan Collett
In response to your second question: quite possibly ... though I am reticent about giving categoric advice on a discussion forum without having the full details to hand.
In response to your first question: hmmm ... not sure. I think section 27CAA will probably continue to apply to temporary residents, but it may not be possible for temporary residents of Australia to secure a transfer of their pension fund out of the UK (though this might change with the new pension regime in the UK from the 6th of April).
Because of the possible tax at stake I would have to recommend taking professional advice on both issues.
Best regards.
In response to your first question: hmmm ... not sure. I think section 27CAA will probably continue to apply to temporary residents, but it may not be possible for temporary residents of Australia to secure a transfer of their pension fund out of the UK (though this might change with the new pension regime in the UK from the 6th of April).
Because of the possible tax at stake I would have to recommend taking professional advice on both issues.
Best regards.
Mar 30th 2006, 9:36 pm
#6
Victorian Evangelist
Joined: Sep 2005
Location: Melbourne, by the beach, living the dream.
Posts: 7,704
Re: Bill Exempting Temporary Residents from Tax in Australia Approved by Parliament
Originally Posted by rammygirl
Thanks Alan we will be seeing our UK accountant soon and our financial advisor for that matter (think I had better give them the questions first so they can do some homework!) We may need to consult someone with more international experience though -any recommendations here in the UK ?(Greater Manchester but will travel!).
Cheers
Buzzy
