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Tax on money transfers from NZ to Aussie !!!!


Hi,
I am a resident of Australia and expecting to recieve in excess of $AUD100,000 from NZ.

I have been told that I will probably have to pay tax on this amount, and also that my bank here in Australia must notify the ATO.... Is this correct???

Thanking you

Anonymous

02 Oct 2006, 05:22

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For that kind of amount, yes.

earl

30 May 2007, 10:02 - Report

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