Filing Australian Tax from HK

[katemacca]

Can anyone tell me where they go to have someone lodge their aussie tax in HK?
I am also looking at refinancing my property back in OZ aswell so some sort of mortgage broker who specialisies in that area would be appreciated also!
Many thanks!

[MovingIn07]

An aussie tax agent in Australia would be my suggestion. locals are always better.

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[Skyhook]

Give Australian Tax Services a call....

Level 24 Onfem Tower
29 Wyndham St
Central
Hong Kong

Phone 3571 8700
Email [email protected]
website www.smats.net/ContactUs.aspx#hongkong

[ebayhtl]

Hi guys - giving this thread a bump.

Any other recommendations for a tax agent in HK who can help me file my Australian returns?

Just asked SMAT for a quote. Have asked another agent here for a quote but would like others (he quoted me AUD300-400 for a basic tax return, which sounds too high, but please correct me if that is market price).

[HK_Katherine]

That sounds about right to me. Australian tax is not that simple and I think a few hundred dollars is the going rate to start from.

[ebayhtl]

My impression was that basic Australian tax returns done in Australia were significantly cheaper (like AUD50-150). I'm flying over to Syd in a few months time so if the cost difference is big enough I would wait and do it there. Obviously if it isn't then I would prefer to do it here!

[HK_Katherine]

My impression was that basic Australian tax returns done in Australia were significantly cheaper (like AUD50-150). I'm flying over to Syd in a few months time so if the cost difference is big enough I would wait and do it there. Obviously if it isn't then I would prefer to do it here!

Yes well you are not an Australian resident though are you so it's NOT a "basic return". You do know Australia taxes on worldwide income?

[transit]

You do know Australia taxes on worldwide income?

Only if you're a resident for tax purposes.

If you're a non-resident for tax purposes (most ex-pats) then you're only taxed on income derived in Oz such as rent from an investment property. As a non-res you're not required to declare or pay tax on any ASX shares (gains/dividends).

You also don't have to pay tax or declare income from any o'seas rental property. The downside to being a non-resident is you lose the tax free threshold and 50% CGT discount if you hold an asset for more than 12mths.

Last year I paid AU$1,200 for my tax return using an accountant in Oz

If anyone wants a good finance broker i can highly recommend Shahin at Elite Property Finance. He will reply to your email 24/7 and often within minutes. He has an uncanny ability to think outside the square and get the deal done where other brokers have failed.

http://elitepropertyfinance.com/

[transit]

My impression was that basic Australian tax returns done in Australia were significantly cheaper (like AUD50-150). I'm flying over to Syd in a few months time so if the cost difference is big enough I would wait and do it there. Obviously if it isn't then I would prefer to do it here!

You can go to the local shopping mall and get your tax return done by a "tax agent" like H&R Block but these guys aren't accountants. A fee of $50 - $150 would only apply to a basic PAYE return, something which you could do yourself online and save your money. If you have rental property, shares, managed funds, depreciation schedules etc then use an accountant.