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Search: Posts Made By: Steve2009
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Forum: Australia
May 27th 2011, 6:02 am
Replies: 41
Views: 4,664
Posted By Steve2009

Re: Australian Corporations Act 2001 WTF!!!!

Can the offshore account be in Australia? I believe that is quite straightforward. Interest might be quite low though.

EDIT: I've reminded myself of the original problem. Do you ever make trips...
Forum: Australia
May 27th 2011, 5:06 am
Replies: 41
Views: 4,664
Posted By Steve2009

Re: Australian Corporations Act 2001 WTF!!!!

Wait a sec and let me google that for you...
http://www.angloirishbank.co.im/Personal_Savings/Products/Apply_Now/
https://www.skiptoninternational.com/contact/form.aspx?formid=1
;)
Forum: Australia
Apr 26th 2011, 11:16 am
Replies: 41
Views: 4,664
Posted By Steve2009

Re: Australian Corporations Act 2001 WTF!!!!

I was corrected by Alan, I thought that all tax residents had to declare all worldwide income.
Forum: Australia
Apr 26th 2011, 9:41 am
Replies: 41
Views: 4,664
Posted By Steve2009

Re: Australian Corporations Act 2001 WTF!!!!

Thanks Alan, it appears I am incorrect under certain circumstances. I'm off to eat my humble pie.
Forum: Australia
Apr 26th 2011, 9:35 am
Replies: 41
Views: 4,664
Posted By Steve2009

Re: Australian Corporations Act 2001 WTF!!!!

You can't have it both ways. You are either non-resident and taxed at a higher rate, or you are resident and declare all income worldwide. I am open to correction (especially as it may help my...
Forum: Australia
Apr 20th 2011, 6:52 am
Replies: 41
Views: 4,664
Posted By Steve2009

Re: Australian Corporations Act 2001 WTF!!!!

I should know this stuff without looking but have just had another look at the rules, essentially if you want to claim you are non-resident for tax purposes and you are earning over 37,000 dollars in...
Forum: Australia
Apr 20th 2011, 6:44 am
Replies: 41
Views: 4,664
Posted By Steve2009

Re: Australian Corporations Act 2001 WTF!!!!

Yes, that's true actually. I wasn't thinking of the exception to the 183 day rule. WHV holders also do not benefit from the $6,000 tax free threshold.

Students here for more than 6 months are...
Forum: Australia
Apr 20th 2011, 6:28 am
Replies: 41
Views: 4,664
Posted By Steve2009

Re: Australian Corporations Act 2001 WTF!!!!

The ATO definition of resident is very different to the immigration one. WHV holders will usually be resident for tax purposes in at least one year if they use their full visa. In reality I doubt...
Forum: Australia
Apr 20th 2011, 3:42 am
Replies: 41
Views: 4,664
Posted By Steve2009

Re: Australian Corporations Act 2001 WTF!!!!

Just make sure that the interest income is included in your Australian tax return if you are resident in Australia for tax purposes. Australia taxes on all income of residents regardless of source.
Forum: Australia
Apr 19th 2011, 9:11 pm
Replies: 41
Views: 4,664
Posted By Steve2009

Re: Australian Corporations Act 2001 WTF!!!!

I googled your problem and this was one of the links that was returned:
http://www.expatmoneychannel.com/content/offshore-banking-while-abroad

Here's the google search:...
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