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I was working full time in the UK until November 2016. I then came to Australia on the 417 Working Holiday Visa. All earnings in Australia have been since January 2017 and less than $37,000. My earnings are eligible for the new 15% tax rate, but do I need to declare my earnings in the UK that fall into the same Australian financial year, or is my tax return based solely on what I have earned since arriving in Australia in November 2016?
You have an interesting question there.
From what I understand the general rules are around tax residency.
From your situation I would see that about half of the year you were Not a resident for tax purposes meaning you were living and working outside Australia. But at a point you would have become a residen for tax purposes here; during the year.
To illustrate an argument I will use 1st 2017 a the day you arrived and started working in Australia.
The Foreign income earned before 1st January 2017, would not be declared on your Australian Income Tax Return.
But any income on or after 1st January 2017 to 30 June 2017 ought to be declared on your Australian Income Tax Return.
But the accounting and processing is far more complicated. So if you want it broken down perhaps see a Tax practitioner for financial advice.
September 2017 - last edited September 2017