My mother, an Australian tax resident, receives an aged and widows pension from Spain. During this financial year they withheld tax for a few months until we submitted a certificate of residency from the ATO. Is this pension to be included as part of her taxable income in Australia and if so, can she claim the full tax withheld as a foreign tax credit offset?
Thank you.
Hi @Talkintax,
Most foreign pensions and annuities are taxable in Australia, even if tax was withheld by the country from which the payment came. These payments are generally considered taxable income.
She may be able to claim a foreign income tax offset if:
I would recommend looking at our page on foreign pensions and annuities for 2022 for some more information.
Hi @Talkintax,
Most foreign pensions and annuities are taxable in Australia, even if tax was withheld by the country from which the payment came. These payments are generally considered taxable income.
She may be able to claim a foreign income tax offset if:
I would recommend looking at our page on foreign pensions and annuities for 2022 for some more information.
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