Tax Laws

hi when my grandfather died many years ago in england, he tied his will up so that his children received an annuity until they died and then,when all his children were deceased (one of his children are still alive) the remains of the estate is to be equally divided between four(4) of his geandchildren of which i am one.in 1990, somewhere along the line it was decided that although the money left in the will was tied up, any interest earned was not, and each year since then i have receivd a small amount of money (as have about a dozen other people)my questions are:the 20% english tax taken out each year can i claim it back from the british government being a non resident of england(i have lived in australia since 1961) and secondly do i have any tax liability in australia with the money being part of a will even though it is distributed through a trust.the answer to both these questions would be appreciated thank you

>>:the 20% english tax taken out each year can i claim it back from the british government being a non resident of england(i have lived in australia since 1961)<<<

You should be eligible for a Foreign Tax Credit on your Austrailian individual Return. See a local tax lawyer for the rules. Austrailia taxes residents on world wide income and you should be reporting this on your Austrailian return.

>>>and secondly do i have any tax liability in australia with the money being part of a will even though it is distributed through a trust.<<

On a distribution of the Corpus,...no. On income earned in the UK Trust;... yes to the extent its distributed to you.

>>:the 20% english tax taken out each year can i claim it back from the british government being a non resident of england(i have lived in australia since 1961)<<<

You should be eligible for a Foreign Tax Credit on your Austrailian individual Return. See a local tax lawyer for the rules. Austrailia taxes residents on world wide income and you should be reporting this on your Austrailian return.

>>>and secondly do i have any tax liability in australia with the money being part of a will even though it is distributed through a trust.<<

On a distribution of the Corpus,...no. On income earned in the UK Trust;... yes to the extent its distributed to you.