I was previously a tax resident of UK and now a temporary Aus tax resident. I have UK ISA’s which retain their tax free status in UK. Do I have to declare any dividend income within the ISAs? I also have an Isle of Man offshore bond that was taxable in UK when withdrawals were made, but will now not be taxable there. Do I have to declare anything in Aus? To confirm, I am a temporary tax resident but there is a tax treaty between UK and Aus.
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Temporary residents don't pay tax on their foreign income. See below
Foreign and temporary resident income | Australian Taxation Office
That is what I thought but my tax advisors are checking into the carve out provisions of the dual tax treaty, so I am getting as much feedback as possible. I have not come across anyone in my situation but there must be many more like me out there!!!
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