Whether you’re looking for a chance to travel, moving for work, or are simply seeking a lifestyle change, the prospect of moving abroad is exciting. While it’s hard not to get caught up in the excitement of moving overseas, seeking the advice of a financial …
Capital Gains Tax changes to affect thousands of Aussie expats
Following on from our update last week about, we’ve decided to summarise not only the key changes, but we’ve incorporated various comments about these harsh new changes to the main residence exemption from well respected tax professionals and Australian tax commentators. What’s changing? Australian expatriates …
Death of the Main Residence Exemption for Australian expats
Unfortunately for non-resident Australian expats and non-residents generally, some two and a half years after first being proposed in the May 2017 Federal Budget (refer 2017 Federal Budget – Expats clear losers), today sees the death knell of the main residence exemption for non-resident Australian …
Main residence CGT exemption abolished for Aussie expats
Latest Update: 5th December 2019 – Unfortunately today the Federal Government passed the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 into law without amendment, resulting in the scrapping of the main residence exemption for non-resident Australian expats. To read more about …
Determining Your Australian Tax Residency Status
As an Australian expat, filling out your tax return can be complex – especially if you’re unclear of your tax obligations. So, before moving abroad, it’s vital to know your Australian tax residency status. Generally, expats fall under one of these categories: an Australian resident …
Planning – the key to avoiding expat tax traps
You’re heading off from Australia to work overseas. It’s a career opportunity, a cultural adventure, and a financial boost. To ensure all three work in your favour with your Australian taxes, it’s essential to avoid unnecessary losses. You can’t achieve that by dealing with the …
South Korea Tax Brief for Expats
Steeped in tradition, while producing world-first technology and innovations, South Korea truly offers something for everyone. Home to tech heavyweights like Samsung and LG, South Korea is ideal for expats working in IT, finance and electronics. Also, boasting the world’s fastest internet connection, Aussie expats …
Bank accounts for Australian expats: key issues
Beginning your life as an Australian expat feels like you are setting up an entirely new life; from buying a home to furnishing your house, everything you had set up in Australia needs establishing in your new home overseas. Banking is one of those components …
Becoming an expat: should I sell my home?
Latest Update: 5th December 2019 – Unfortunately today the Federal Government passed the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 into law without amendment, resulting in the scrapping of the main residence exemption for non-resident Australian expats. To read more about …
Australian expats – Tax issues to consider
A wise man once said, “east or west, home is best”. Is it possible however, to feel at home away from home? For Australians planning to move abroad, there are several financial decisions that can be made to ensure they have the most beneficial stay …