QUOTE(keelim @ Dec 5 2022, 10:40 PM)
Thanks. That’s punishing particularly if I am relying on past offshore income to make a capital purchase onshore (eg-home). 3 specific follow-up questions:
1) are there any WHT for transferring out from Aust? Presumably I remit a substantial amount into Aus prior to becoming a ‘tax resident’ (from date of onshore employment?) and didnt make use of it at the end.
2) what if the transfer is made by a spouse who does not hold any job?
3) if an inward remittance is made to family members, what sort of declarations are required to assess taxable income? Any tax avoidance incentives?
Not a tax consultant, so cannot comment....1) are there any WHT for transferring out from Aust? Presumably I remit a substantial amount into Aus prior to becoming a ‘tax resident’ (from date of onshore employment?) and didnt make use of it at the end.
2) what if the transfer is made by a spouse who does not hold any job?
3) if an inward remittance is made to family members, what sort of declarations are required to assess taxable income? Any tax avoidance incentives?
Dec 9 2022, 10:48 PM

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