Arranging UK Tax Advice and Returns in Australia
Tax advice is now available in Australia which allows UK migrants, and British expatriates in Australia, to have UK tax returns prepared locally. It is also usually advisable to obtain some tax advice prior to arrival from the UK. Depending on individual circumstances, proper tax planning can make a considerable difference to the amount of tax paid in the Australia.
Note in this regard that UK migrants will normally be liable for tax on their worldwide income from the time of their arrival Australia, while UK expatriates who are considered "temporary residents" will usually be taxable only on their Australian sourced income - not their overseas income, such as rental income in the UK.
UK Tax Returns and Advice in Australia
Both British migrants and expatriates who retain property in the UK which is rented out, or who maintain business interests and UK sourced income, will need to continue submitting UK tax returns. This can be arranged in Australia through qualified tax advisors who can prepare UK returns, and also associated Australian returns if required.
Apart from the preparation of UK personal tax returns, the following advice and services are available:
- Advice in connection with the tax-efficient realisation and structuring of investments in the UK for Australian residents and migrants
Inheritance Tax planning – especially where the UK and Australian tax systems interact
- Advice in connection with moving businesses, whether incorporated or unincorporated, between Australia and the UK in a tax-efficient way
Advisors will provide a fixed fee quote for the preparation of returns and also in relation to advice in other areas.