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Tax implications for bringing money from UK to Australia.
It wouldn?t be hard for the ATO to do something about it .. like require real estate agents to associate clients with Tax File Numbers the same as bank accounts and share holdings are. An annual submission from agents to the ATO associating TFNs with rental income could then be easily cross...- wategos
- Post #18
- Forum: Accounting and Tax
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Tax implications for bringing money from UK to Australia.
I know people that have undeclared rental income on debt free properties in Oz that have been getting away with it for over 10 years, and transferring the funds to the UK (the reverse of the scenario discussed). Australia has no way of tracing rental income and I have little faith in the...- wategos
- Post #13
- Forum: Accounting and Tax
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Tax implications for bringing money from UK to Australia.
If Australia doesn't know about the UK property don't tell them anything. Bring the money over slowly through different channels. This is what most people do (not me of course) and never get caught.- wategos
- Post #9
- Forum: Accounting and Tax