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bringing money back to oz

  • 19-03-2014 1:31am
    #1
    Gardner
    Registered Users, Registered Users 2 Posts: 1,137 ✭✭✭


    anyone have any experience of this??

    have sent money home when the rate was good and with the rate been pretty good to transfer back here...... what is the most you can bring back without been hit for tax.

    family have come into a bit of money also and are looking to pay for a deposit for a new home.

    any help would be good!

    value region is 100-150k to bring in.......


Comments

  • #2
    AngryHippie
    Registered Users, Registered Users 2 Posts: 2,625 ✭✭✭AngryHippie


    talk to an accountant.

    Bring it in a suitcase, and they'll take it off you.


  • #3
    Peregrinus
    Registered Users, Registered Users 2 Posts: 26,989 ✭✭✭✭Peregrinus


    Gardner wrote: »
    anyone have any experience of this??

    have sent money home when the rate was good and with the rate been pretty good to transfer back here...... what is the most you can bring back without been hit for tax.

    family have come into a bit of money also and are looking to pay for a deposit for a new home.

    any help would be good!

    value region is 100-150k to bring in.......
    If you are Australian resident (for tax purposes) and have capital in Ireland, you can bring any amount of your Irish capital into Australia. There are no tax consequences. Likewise, if your family members have capital and they want to send some of it to Australia, there are no tax consequences. Simply transferring your savings from one country to another is not earning income, and does not attract tax.


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