Search the Community
Showing results for tags 'income'.
Found 2 results
Tax implications of closing ltd company on emigration to Oz
Guest posted a topic in Money & FinanceHi folks out there Oz (and here in UK), I'm looking to migrate down to Adelaide from Cardiff, most likely next June. I've been working through a limited company in the UK for a while and have some savings in the company account. My company is a one man band working in consultancy. If I pay the cash in the company account out in dividends I'll receive all those dividends and one some of that I'll have a personal tax liability. So if I pay it now I'll be due a tax bill. I was advised by an accountant that if I closed the company in transit to Australia I could avoid that tax liability. If I closed the company in the UK I'd be liable for tax here, if I closed it in Oz I'd be due for tax there. But if I closed it in transit there would be no liability. Has anyone done this, or knows if this is legal either in the UK or Oz. I don't want to break ant laws, but if it's legal, maybe... Thanks all, Dave.
E-Tax Claiming Tax Back Online or (other)
Boxertony posted a topic in Aussie ChatI thought I would start a thread regarding claiming your income tax back from the Australian Taxation Office. I am aware that there has been many new migrants who have emmigrated here within the past year and will need help and assistance regarding claiming back the tax. I am one of them. I have downloaded the E-tax download via the folling site: Download and use e-tax 2010 I am going to attempt to claim back my tax via the online E-tax. I have also been told that we could go to H&R Block and pay a tax person to complete it for about $100 or gain your own private accountant to complete it for various prices from $110 to $200. Any advice is very much appreciated...............