Hope someone can help me with this one. We invested $100,000 for 12 months to obtain 5 bonus points.

Our first interest payment was received when we were back in England in October with tax taken off.

My query is should we have paid tax as were not residing in Australia, how does the tax thing work?

Any comments will be noted.

Thanks
June

Where were you tax resident when the interest was paid, June?

If in the UK - 10% withholding tax should have been deducted, and assuming you were UK resident and domiciled the gross income was/is assessable in the UK with a credit available for the tax already suffered.

If in Australia, you should have provided a Tax File Number, as a consequence of which the interest should have been paid to you on a gross basis (and is to be included on your Aussie Tax Return for the year of payment).

Best regards.