I am a UK citizen resident in Australia for tax purposes. Will my UK Premium Bond winnings be liable for Australian tax. Thanks for any any help offered.
Regards
Tim
Are UK Premium Bond winnings liable for Australian tax for Australian residents
2 posts • Page 1 of 1
by jackiew on Thu Sep 01, 2005 12:36 am
Rules on lottery prizes are here
http://www.ato.gov.au/individuals/content.asp?doc=/content/32214.htm which might make you think you weren't liable
however there is a ruling on premium bonds in the ATO legal database which you may like to consider
http://law.ato.gov.au/atolaw/view.htm?find=%22premium%20bonds%22&docid=JUD/*1999*AATA249/00002
http://www.ato.gov.au/individuals/content.asp?doc=/content/32214.htm which might make you think you weren't liable
however there is a ruling on premium bonds in the ATO legal database which you may like to consider
http://law.ato.gov.au/atolaw/view.htm?find=%22premium%20bonds%22&docid=JUD/*1999*AATA249/00002
- jackiew
- Posts: 19
- Joined: Wed Aug 06, 2008 3:25 pm
2 posts • Page 1 of 1
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