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  • TAX ON SAVINGS

    I am coming to Australia and applying for the 804 Visa, which will give a bridging in Visa. I am bringing with me the assets from my property I am selling in the UK I want to put these assets into the Commonwealth Bank What tax will I have to pay on the interest from this capital. As I am on a bridging visa, but still living permanently there Will the bank stop the interest at source Many thanks