Am I taxed on monies I bring into Australia at the time I move? (Sarah, York)

Answer

No. Australia does not tax money that is brought into the country - the Federal Government will be delighted that you have decided to bring your money to the country!

ABOUT THE EXPERT

Alan Collett is a qualified Chartered Accountant in UK and Australia. With Jane Cooper (also tax qualified in both countries), he owns and operates Go Matilda Accounting and Tax, which provides tax advice and ongoing tax compliance services such as tax return preparation for those who are moving to Australia. Go Matilda has offices in the UK and in Australia, and can be contacted in the UK on 023 80 30 25 24, and on the Internet at www.gmtax.com.au. Jane also operates a pension transfer consultancy business in Australia.