[B]TAX in UAE[/B]
Aug 2nd 2005, 11:07 am
#1
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Location: Melbourne, Australia
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[B]TAX in UAE[/B]
Has anyone worked in UAE and then returned home to Australia? If so what did you do re tax? I have been told that you have to pay tax on your UAE income when you return? Any thoughts from anyone out there? Is this the same for people going back to the UK?
Aug 2nd 2005, 5:46 pm
#2
A Natural Blonde
Joined: Dec 2004
Location: Dubai
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Re: [B]TAX in UAE[/B]
As far as the UK is concerned, as long as you've satisfied the requirements for being considered "non-resident" (i.e. you've stayed out of the country for more than X days per year), you don't have to pay anything on your UAE earnings.
Aug 2nd 2005, 6:54 pm
#3
BE Site Lead
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Location: MA, USA
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Re: [B]TAX in UAE[/B]
perhaps ask in the Oz forum and see if anyone there knows, but I don't think you'd have to pay back taxes unless you were still resident in Oz....would be weird...
Aug 2nd 2005, 11:27 pm
#4
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Re: [B]TAX in UAE[/B]
Thanks Bob - will try Oz forum. Apparently if Australian citizen you have toprove you are not a resident and we will be keeping our house here. Anyway we will give it a go.
Aug 3rd 2005, 4:21 am
#5
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Re: [B]TAX in UAE[/B]
Originally Posted by Cecilia
Thanks Bob - will try Oz forum. Apparently if Australian citizen you have toprove you are not a resident and we will be keeping our house here. Anyway we will give it a go.
But if you maintain that property as an investement and rent it out....it is not considered to be your residence and you are tax free.
Basically, it comes down to if the tax dept believes you have kept a property to reside in.
Aug 3rd 2005, 5:27 am
#6
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Re: [B]TAX in UAE[/B]
Originally Posted by kelvynd
Not sure about OZ - but in NZ if you own a house and it reamins empty while you're away it is considered to be your 'residence' by the tax dept and you are liable to income tax no matter where you are.
But if you maintain that property as an investement and rent it out....it is not considered to be your residence and you are tax free.
Basically, it comes down to if the tax dept believes you have kept a property to reside in.
But if you maintain that property as an investement and rent it out....it is not considered to be your residence and you are tax free.
Basically, it comes down to if the tax dept believes you have kept a property to reside in.
Aug 3rd 2005, 5:57 am
#7
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Re: [B]TAX in UAE[/B]
Originally Posted by Cecilia
Thanks for that. Would the rent then be classed as income?
I'm reasonalbly sure you do get taxed on the rental income.......and in OZ i think they tax on catpital gain as well on such an investment.
I don't think you are taxed on capital gains on a residential property.
Therefore, maintain it as your own and pay income tax or...
rent it out and pay tax on rental income and capital gains.
I guess it depends which is greater as to which you'd rather do.....but i'd imagine the rental way is the way to go.
however, the tax on the rental income would probably be much less than tax on work income so it's worth doing i'd think.
This is a pretty simplified view and i'm sure it's a little more complex than this and of course i'm talking about NZ rules and what little I know of OZ rules.
