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Illegal money/funds transfers can be seized by the AFP and held as suspected proceeds of crime with little the accused can do except self incriminate. The level of global vigilance over covert funds movements is very high at present.

1. When are granted perm residency you become a tax resident on that date. I'm not sure you are correct with declaring rents to the ATO at this time. Temporary residents who hold a 457 are excluded from requirements to include foreign income in Aust returns. They only show the 457 income and...

BUT....... If you exceed it by one day or cant access the MR exemption then if you are a non-resident you lose the 50% CGT discount that arises after 15 May 2012 (and or the date it commences to become taxable) The loss of the 50% CGT discount is a game changer for non-residents. It can be...

No its not. Any and all currency exchange transactions and offshore transfers in/out are all captured. Most aren't a concern. I recently had a client inherit from parent who died in UK and a series of please explain letters issued to enquire into the nature of the deposits issued. What triggered...

1. Are you actually a tax resident here ? It may seen the case but should not be assumed. Possessing a perm residency visa is NOT in itself a criteria for tax residency. 2. If you are a tax resident of Australia then Aus tax (CGT) will apply and it is based on the change of value between the...