GM Tax

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Working Safe During Coronavirus

We at GM Tax have a work from home policy. We have plans in place for our employees can work from home as the need arises. Our offices remain open and we shall ensure that there will be no disruption to our service offering to you. We are committed to providing a high level of …

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Tax in Australia on UK Rental Property – Depreciation as a Tax Deduction

Background As a general rule, Australian resident individuals who invest in a rental property located outside Australia are assessed to tax in Australia on the net rental income in a similar way to rental income that is received from an Australian rental property. Note: Australian resident individuals who hold a temporary residency visa are usually …

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UK Budget 2014: Issues of Importance to Non UK Residents

A couple of items from the Budget Press Releases are worth noting by those who are living in Australia: > Personal allowances for non-residents: “To ensure the UK personal allowance remains well targeted, the Government intends to consult on whether and how the allowance could be restricted to UK residents and those living overseas who …

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