We understand that 2020 has been a difficult year but we're here to try and make it a little easier for you during tax time. You can search other people's posts, read our articles or ask your own question.
I'll be returning to Australia soon after living overseas(Korea) for close to 2 years, I'll be returning with my partner on her new partner visa, I have a couple of questions.
1. We plan on sending our joint savings (>$30,000) all made overseas to Australia. I have made tax returns while I have been here. Is there anything I have to worry about?
2. My partner was in Australia previously on a working holiday visa and we did her tax return for the year that she left and none since as we didn't expect to come back at that time, is there anything that we should know about any issues she might have with transferring her money?
The question that you have to consider here is whether you were still a resident of Australia whilst you were overseas and this is very important as to whether any income you derived whilst overseas is assessable in Australia.
The ATO appies a residency test and you should have a good read of the following: