This is harder than it may first appear at first glance… First, you are allowed a tax credit for foreign tax actually physically paid by the time your Australian tax return claiming this credit is lodged. Second you can only claim a credit for tax paid on the income actually included in the Australian tax… Read More How Do I Claim a Credit for Foreign Tax Paid?
Well, if you are a permanent Australian resident then the answer is a resounding yes. Although there is a double tax agreement between the UK and Australia, the devil as always is in the detail. The agreement states that where rental income is derived in the “other” country, which in this case would be the… Read More Do I Have to Pay Australian Tax on my UK Rental Income?
This is a really common question, as many ex-UK, now Australian residents still need to complete UK tax returns. A case where this would be necessary is if they still hold UK rental property. The good, although rather odd news, is that yes you can claim the thresholds in both the UK and Australia. The… Read More Can I claim the UK tax free threshold if I am living in Australia?
Special tax rules apply for those who enter Australia on a temporary visa, an example of which would be the 457 visa. It is good news, to encourage you to come! Whilst you are a temporary resident for tax purposes you only need to declare and pay tax on Australian derived income. This means, for… Read More Are you in Australia on a temporary visa?