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Moving from Overseas

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I am moving back from working in the UAE. I want to transfer a large sum of money from my personal bank account in UAE to my personal bank account in Australia. I have been a non tax resident for the past 6 years and the money was earnt whilst employed there. I have not been present in Australia more than 183 days a year. Just some occasional visit max 3 weeks a year. I had rented out my house whilst living overseas and paid the non resident tax on income earned in Australia during that time.
Would I be required to pay tax on this money earnt in the UAE whilst I was a non tax resident
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Community Moderator

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Hi @Craigcon,

 

There is no tax payable on money transferred here. Only income is taxed, so when you are a resident if you earn any interest then that will be taxed. 

 

Thanks

 

KylieS

 

 

1 REPLY 1

Most helpful response

Community Moderator

Replies 0

Hi @Craigcon,

 

There is no tax payable on money transferred here. Only income is taxed, so when you are a resident if you earn any interest then that will be taxed. 

 

Thanks

 

KylieS