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I have an ISA in uk but not live in Australia does that mean…

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I have an ISA...

I have an ISA in uk but not live in Australia does that mean I have to declare it and pay Australia tax?

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I have an ISA in uk but now work and live in Australia does that mean I have to declare it and pay Australia tax?

Submitted: 4 months ago.Category: Tax
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Answered in 43 minutes by:
12/4/2017
Tax Professional: Barbara, Enrolled Agent replied 4 months ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,789
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
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Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

As an Australian resident for tax purposes, you would report/declare and pay tax on the interest earned by the ISA. You would NOT REPORT AND/OR PAY TAX on the entire amount in the ISA.

Please let me know if I can assist you further.

Thank you and best regards,

Barb

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Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,789
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Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.

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