Jueglittergirl Posted June 14, 2015 Report Share Posted June 14, 2015 The scenario goes like this.....House sale proceeds are deposited in pre opened Australian bank account as we fly through the air. We arrive to identify ourselves and gain access to funds. However as I look at the online application form it request the TFN to avoid high tax charges, but I thought you could only apply for TFN once in Australia, so how do you avoid paying the high tax charge? Quote Link to comment Share on other sites More sharing options...
Akasully2 Posted June 14, 2015 Report Share Posted June 14, 2015 The scenario goes like this.....House sale proceeds are deposited in pre opened Australian bank account as we fly through the air. We arrive to identify ourselves and gain access to funds. However as I look at the online application form it request the TFN to avoid high tax charges, but I thought you could only apply for TFN once in Australia, so how do you avoid paying the high tax charge? Not a problem. When you validate the account in Oz, you tell them you haven't got one yet. Just drop it in at local branch later. Quote Link to comment Share on other sites More sharing options...
Walkabout Posted June 14, 2015 Report Share Posted June 14, 2015 Not a problem. When you validate the account in Oz, you tell them you haven't got one yet. Just drop it in at local branch later. you can also claim back any over paid tax in your tax return, so you should get it back if you do end up paying. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.