Hi All,
My mum is selling her home in the UK and coming to live with me in Australia (initially on a bridging visa). This will involve the transfer of funds from the sale of her house as well as savings into an Australian account. I am keen to understand if there are any ATO issues. I assume such a large transfer will be flagged to the ATO but its her money.
Thanks in advance
Hi @jeffas4966,
Generally, if you're transferring money from one personal bank account to another, it isn't considered income for Australian tax purposes.
If the money has been earned while a non-tax resident of Australia, then Australian tax rules won't apply to your mum. However, any interest earned on the money whilst it is held in an Australian bank account would be subject to tax in Australia.
Hi @jeffas4966,
Generally, if you're transferring money from one personal bank account to another, it isn't considered income for Australian tax purposes.
If the money has been earned while a non-tax resident of Australia, then Australian tax rules won't apply to your mum. However, any interest earned on the money whilst it is held in an Australian bank account would be subject to tax in Australia.
15 Apr 2026 · 4 min read time
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