[josephcom]

I'm moving to Australia on a visa 189. I wanna know if I have to pay a tax on the (cash) money I take with me.

How about the part of my money that my brother will transfer to my bank account in a few months from now?

Thank you

 

[josephcom]

No tax on the money, be sure to declare on arrival if applicable (over $10K).

Thank you very much. What about the money that'll be transferred to my bank account a few months into my arrival? My brother will send it from an exchange office to my Australian bank account.

 

[josephcom]

Not taxable in Australia.

Thank you very much.

 

[josephcom]

Any interest earned on the money in your Australian bank account will be taxed depending how much you earn in the financial year.

For a person who earns $25,000 in a financial year and over $1 in interest, there will be income tax payable on the interest earned.

I got it. Not the original money you'd initially bring with you to Australia, right?

 

[josephcom]

Correct.

Things change from now on as you will be a Australian Resident for tax purposes - and if you now earn income in Iran or other countries, that income might be subject to Australian Income Tax.

Thank you for your great guide

 

[josephcom]

And some of you should be glad you're not from the US - one of very, very few countries who tax their citizens living abroad! Hubby and I have to file two tax returns every year. One in Aus, and one to Uncle Sam. You only actually PAY tax if you earn over a certain amount (and they take the income tax you pay to Australia every year into account) but ugh, the cost of getting a tax professional to file every year (because the returns are ridiculous for US citizens living abroad) is a pain in the Down Under. Hahaha.

Excuse my French, where's "down under" exactly? LOL

 

[josephcom]

or this

Down Under Map of the World : Universal Publishers : 9780731919772 | The Chart & Map Shop

OK, I got the picture