I will receive the payout from a closed term deposit + interest in Europe on 30 June. This is the date on the letter, but the money may not hit my European account on that day. There may be a few days of processing time. Or it may arrive after midnight Australian time.
If the money is on my account while it is still June 30 in Australia I understand it needs to go into the tax year ending that day.
Will I always need to include it into the ending tax year because the letter says 30 June is the payout date?
Or do I check when the money is actually on my account?
And what if the money arrives in my EU account late on 30 June but it is allready 1 July in AU?
I'm greatful for any insights.
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