Hi All,
Been in Oz for the last 5 years.
Already an Oz citizen now.
Thinking of bringing my money into Oz.
A friend mentioned that ATO (Australian Tax Office) will tax the interest earn on CPF saving in the last 5 years(?)
Further to it, they will also tax the property that I used to have in Singapore. Will it be a double taxation as I do pay the property tax in Singapore.
Technically, all my savings and property were taxed by Singapore, until I sold last year & when I got my Oz citizenship, and transfer CPF & proceed from property sale to Posbank.
Any feedback appreciated.