Hi ATO Community.
I moved to Australia two years ago, and still have various investments in NZ. As such, I fully expect to submit NZ and Australian tax returns each year. The NZ tax return is quite straight-forward, because I only have to declare NZ income. I'm finding the Australian tax return a bit trickier though, because it must also include all appropriate NZ income, as well as any tax already paid in NZ.
Last year it was all a bit much and I got a tax agent to complete the ATO side of things. This year, armed with the documentation from last year, I am feeling a lot braver and thought I would tackle this myself.
Most of the declarations of NZ income are quite obvious, but what do I do with income from PIE funds (eg: Smartshares US 500 ETF)? Some of those funds pay out dividends regularly, so I thought they would need to be declared on my ATO tax return. However, the tax agent did not include them in last year's tax return.
What am I missing?
By the way, wouldn't it be great if we could just submit our NZ tax returns as proof of NZ income and tax already paid?
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