Tax in UK and Australia

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

A new form P85 has been issued by HM Revenue, reflecting the changes to the residency test in the UK which came into effect earlier this year.

The Western Australian Government has announced that it intends to require subclass 457 visa holders whose children attend public schools in WA to pay an annual fee of $4,000 per child from January 2014.

HM Revenue in the UK is offering individual taxpayers the opportunity to bring their tax affars up to date, and to be offered the “best terms available” if a Self Assessment tax return has been issued for any tax year up to 2011/12 where the taxpayer has not yet filed the return.

Legislation introducing amendments to the LAFHA discussed on earlier postings has cleared the House of Representatives, and now moves to the Senate, where we anticipate little opposition.