Recent content by Its Immaterial

  1. I

    0% taxpayer and NG

    Would it include the 10k though, as I thought it was adjusted taxable income, and the 10k isn't taxed: http://www.humanservices.gov.au/customer/enablers/adjusted-taxable-income Cheers,
  2. I

    0% taxpayer and NG

    Hi... Could a worker earning below the $18,200 threshold, claim net IP loss of ~15k from interest, maintenance, depreciation etc? If so, is it correct that they would not receive any tax refund, as no tax was paid, but could offset accumulated losses against a taxable income any number of...
  3. I

    Overseas IP forex

    For tax purposes, do I need to convert overseas IP income and expenses to AUD as at the date the amounts are actually received/paid, or can I use the totals for the year converted to AUD as at 30 June ATO rates? Many thanks, II
  4. I

    UK CGT asset acquisition date

    If I acquired a CGT asset in the UK, prior to me becoming AU resident for tax purposes, would the acquisition date for CGT calculation be the actual date or the date I became resident? Cheers, II
  5. I

    Depreciation Schedule for UK Property

    First post, here goes :-) I emigrated to Aus from the UK last year and rather than sell my house I rented it out. From the ATO website I understand I'm taxed on worldwide earnings and believe the house is treated like any other IP. The house was my private residence, bought new about 7...
See more
Back
Top