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Thanks for you answer.
Yes - I plan to take a large dividend out of my Ltd company at the end of June as I can use my allowance up to the higher tax band to take it in effect tax free due to the 10% dividend tax credit.
I'll also take a small final dividend out in mid July before I leave for Australia at the end of July.
If I understand correctly I will only be liable for tax after the date I arrive in Australia once I become a tax resident there?
So for example, if I took a dividend 6 months later then I would be liable for tax in Australia and not the UK?
I don't understand the part "then you are not required to even disclose the dividend in the UK."
Just to clarify our chat:
If I move to Australia at the end of July
Thanks for the answer.
So I can be liable for tax in the 2014-15 financial year even before I actually move to Australia and become a tax resident?
Ok Leon - thanks.
I think we are done here.
Sorry Leon - I've gone over our conversation again just so I completely understand.
On your original response you said "You would be liable for tax from the date you arrive onwards."
But your last response seems to indicate I will be liable for tax in the financial year that I arrive in regardless of the date?
I'm happy with the answers you have given.
Thanks - I do have a quick question that you may be able to help me with regarding taxation.
My company are offering me relocation assistance ( I provide them receipts and they will reimburse me ).
Are these treated as taxable income and are to be declared on a tax return?