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The Australian Taxation Office (ATO) is to acquire the names, addresses, and other details of visa holders, their sponsors, and migration agents for the 2013-14, 2014-15, 2015-16 and 2016-17 financial years from the Department of Immigration and Border Protection. These records will be electronically matched with certain sections of ATO data holdings to identify non-compliance […]

The Summer Budget – the first from the new Government in the UK – has been handed down. Changes that may affect individuals who have moved from the UK to Australia – and who are moving to the UK from Australia include: An increase in the personal allowance (the amount of income you can receive

In the 2015 Federal Budget the Australian Government has announced its intention to make changes to the taxation of individuals with subclass 417 working holiday maker visas who receive income in Australia from the 1st of July, 2016. At present, those who are in Australia with working holiday visas can be treated as tax residents

The new capital gains tax (CGT) regime in the UK commences at the start of the 2015/16 tax year – in other words from the 6th of April, 2015. While we await the passing of the legislation in the 2015 Finance Act, the changes are now broadly locked in, and will affect almost everyone who

As we close in on the 31st January 2015 filing deadline for the electronic submission of 2014 UK tax returns here is a review of the circumstances when the Residence , Remittance, etc supplement to the main tax return is to be completed. The HM Revenue website advises that you must fill in the Residence,

Tucked away  in the UK Chancellor’s Autumn Statement of last week is some festive cheer – the continued availability of the UK personal allowance for non-UK resident individuals until April 2017 at least. What is more, the UK personal allowance will increase to £10,600 from the 6th of April, 2015. As some will know, there

Last week the UK Government released a Summary of Responses to a consultative exercise, and confirmed that a change is scheduled to come into effect from the start of the 2015/16 UK tax year – ie on the 6th of April, 2015 – whereby non UK resident individuals disposing of UK residential property will be

From the ATO website: “Taxpayers with undeclared offshore assets or income are running out of time and need to act now if they want to take advantage of the rare opportunity provided by the ATO’s offshore voluntary disclosure initiative, Project DO IT (Disclose Offshore Income Today). Project DO IT is an initiative unlikely to be

This is a question that comes up often: when is it best to move to Australia to save tax? There isn’t one answer that will cover all circumstances, but here’s an example that indicates how tax planning can improve the position. Consider an income from the UK that will only be taxable in Australia once

Did you know that you receive the tax free threshold for a whole month if you become a tax resident of Australia part way through the month? Note: The tax free threshold is the amount of taxable income you can receive before you pay income tax in Australia. Also, that there is a basic amount