Bdh Tax

23/08/2024

As an Australian expat, there are some key issues to consider before you decide to make super contributions part of your retirement planning arrangements

31/07/2024

Contact us if you need help ... we''ll be delighted to send a no obligation fee quote to you.

Do you rent out your overseas property?

If so, you should declare this on your Self Assessment tax return.

If you have previously undeclared income from overseas property, you can tell us by using the Worldwide Disclosure Facility ⬇️

https://www.gov.uk/tax-foreign-income?&utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=self_assessment

06/02/2024

Recommended!

bdhSterling is a specialist, provider of cross border financial advice and investment solutions.

26/12/2023

Or contact us, at bdhtax.com !

02/11/2023

There are now fewer than 100 days to file your 2023 UK Self-Assessment personal tax return electronically.

The deadline is 31 January 2024.

The deadline for paper returns was on 31 October 2023.

You should also be aware that payment of any tax due is also to made by 31 January 2024.

This includes the payment of any balance of Self-Assessment tax liability for 2022/23, plus the first payment on account due for the current 2023/24 tax year (if any is due).

If you miss the filing deadline you will usually be charged a £100 fixed penalty, even if there is no tax payable.

If your return is up to 3 months late, and if you do not file and pay before 1 May 2024, you will face further penalties unless you have a payment arrangement with HMRC.

If you need help with the preparation and e-lodgement of your 2023 UK tax return please feel able to contact bdh Tax for a free initial chat.

26/09/2023

The deadline for appointing a registered tax agent and securing an extension of the 31st October 2023 for filing your personal 2023 Australian tax return is now only 5 weeks away.

If you want more time to prepare and submit your 2023 Australian tax return you should be on a registered tax agent's lodgment program by the end of October 2023.

Doing this can also push back the due date for paying any tax owing to the Australian Taxation Office - so if you have untaxed income from a source such as a positively geared rental property or a capital gain from the disposal of a property or shares you are likely to benefit from appointing a registered tax agent.

bdh Tax is a registered tax agent (number 2569 1979) and prepares UK and Australian tax returns for individuals who have income in both countries. If you would like a free initial chat and a no obligation fee quote please contact us - complete the enquiry form here or telephone the nearest office to you : https://www.bdhtax.com/contact/

We'll be delighted to help.

https://www.ato.gov.au/Individuals/Your-tax-return/How-to-lodge-your-tax-return/

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15/03/2023

News from today's Budget in the UK ...
https://www.facebook.com/bdhSterling/posts/pfbid0FYSMMiZfHN7fVZ3ymoqt2wDBnC2wPqzGske9AuQ2oeqN2dakkTGMFXpiugDmHDhyl

📣 Budget day update – Some interesting news in the UK budget today regarding pensions.

The Chancellor announced that the lifetime pension allowance (LTA) will be abolished in April. Currently, you can save just over £1m before extra tax charges are levied, discouraging pensions above this level. This also means that there will be no UK tax on pension transfers to Australia for those with transfers above this LTA limit, meaning a 25% tax saving on the excess!

The annual allowance will remain in place but will go up £60k (after being frozen for nine years), increasing the tax relief available on UK pension contributions. Again, this is fantastic news for people paying into a UK pension and planning to move or return to Australia in the future and access the funds tax free.

01/12/2022

A reminder that the deadline for filing 2022 UK tax returns electronically is now less than 2 months away - the due date is 31 Jan 2023.

Also, if you are required to submit the Residence supplement (form SA109) - eg if you are no longer/ceased to be tax resident in the UK, or commenced tax residency in the UK during the tax year ended 5 April 2022 - you cannot submit the UK tax return through the Government Gateway.

As we are now past the 31 Oct 2022 deadline for submitting paper tax returns those who have a need to submit the SA109 Residence supplement must lodge their 2022 UK tax return electronically.

This can be done using UK tax return software - or by using a tax accountant, such as bdh Tax.

Please contact us via the enquiry form at www.bdhtax.com if you have a need to file a 2022 UK tax return, think you might need some help with it, and would like an initial free chat.

After we've spoken we can send a no obligation fixed fee proposal to you.

UK and Australian tax planning and tax returns for individuals who are moving to Australia, are already living in Australia, or who are expats.

25/10/2022

The Australian Taxation Office (ATO) is reminding Australians who haven’t lodged their 2021–22 tax returns to take action by 31 October. Taxpayers need to either lodge their return themselves or appoint a registered tax agent by this date.

Contact bdh Tax if you need help!

The ATO is reminding Australians who haven’t lodged their 2021-22 tax returns to take action by 31 October.

21/09/2022

Tax factsheets for migrants to Australia - the first few have just been published.

Tax factsheets and information for people who are moving to Australia.

12/09/2022

This is worth exploring if you have worked in the UK ...

For months, you’ve probably heard about the cost of living crisis and how it means your budget needs to stretch further. However, if you collect the State Pension, the high rate of inflation could mean it increases by a record amount in the 2023/24 tax year. The State Pension benefits from someth

29/08/2022

The Queensland Government has changed the land tax rules to close what they describe as a "tax loophole."

The change involves making people who own properties in multiple states pay land tax in Queensland at a rate based on all their Australian holdings – the total value of their Australian land – not just those in Queensland.

Queensland has new land tax like no other state. Learn how it works in this blog about QLD's new land tax - how affects property investors