GM Tax

Individuals – Australian Tax
Living in Australia - Temporary Visa

As an Australian tax resident everyone has to lodge an Australian Tax Return with the Australian Taxation Office (ATO) regardless of whether you are on a temporary visa* to report your Australian source income.

The Australian tax year runs from 1st July to 30th June.

You will need to apply for a tax file number in order to lodge an Australian Tax Return.

If your income is below the tax free threshold ($18,200 for 2020/2021) you are still required to report your income to the ATO however, you may not need to lodge a tax return.

You can report your income by lodging a CU non lodgment form to the ATO advising them that your income is below the threshold.

*On the basis that you are not in a defacto relationship with someone with PR or an Australian Citizen and meet the foreign income exemption requirements.

You can apply via the ATO website.

The filing deadline will vary depending of whether you are lodging the tax return yourself of via a registered tax agent:

  • Lodging yourself the filing deadline is 31 October.
  • Lodging via a tax agent the filing deadline is May the following year, if all your prior year tax returns have been lodged on time.

We at GM Tax provide fixed fee quotes for advisory work and tax returns.

If you are living in Australia and would like a fixed fee proposal from a firm of UK & Australian tax advisors that understands the issues affecting individuals residing here including the different reporting requirements for temporary, permanent and working holiday visa holders please complete our online enquiry via our contact us button or by calling a GM Tax office closest to you.

GM Tax also offers the following services:

  • Tax planning advice and guidance with regards to your Australian residency status or change in visa status.
  • Preparation of Australian tax returns, with all returns submitted to the ATO electronically.
  • Advice on the tax position where a property in Australia is being let while a taxpayer is living overseas.
  • Impact of ceasing to be an Australian Tax Resident and capital gains tax deeming provisions.
  • Assistance to ensure Australian sourced income of those who are non-residents of Australia is properly taxed and is not taxed twice, or double taxed.
  • HECS reporting obligations as a non resident of Australia in receipt of foreign sourced income.
  • This last point is particularly relevant to those who have Australian sourced income or capital gains which may also be subject to tax in the country in which the taxpayer is now resident.