It’s tax season and the rush is most definitely on to get tax returns done and dusted. There are reports that at least 650,0000 people down under have already sent their tax returns into the ATO, a spike in numbers we don’t usually see this …
The 6 year temporary absence rule – what’s happened?
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 …
Queensland’s new absentee land tax rules set to favour Aussie expats
In Australia, absentee landowners are taxed with similar rates as trustees and companies. Unlike individual resident owners, they pay a higher rate of taxation and a lower starting threshold. The good news is that the absentee land tax rules are about to change in favour …
Coalition wins the election – what this means for Australian expats?
Just about every media pundit in Australia expected Labor to romp into power last month after two terms in opposition but instead, the Coalition wins the election. The Liberals had changed leaders three times in recent years with Tony Abbot being deposed by Malcolm Turnbull …
Tax audit insurance for expats – what is it and why do I need it?
Tax audit insurance – being targeted in the gunsight’s of the Australian Taxation Office audit division, can be a costly and time consuming affair. So taking out a tax audit insurance policy for peace of mind, to protect you from the high, unexpected costs of …
Raising bilingual children when you live overseas as an expat
If you are moving overseas then you probably will be enrolling your children in a local school. If this school isn’t an English-based school, it won’t be long before your child is speaking two languages as it’s amazing how quickly a young brain can adapt. …
Thailand tax brief for Australian expats
Known as the “Land of Smiles”, Thailand is fast becoming a preferred destination for Aussie expats to live and work. This idyllic, diverse country offers a unique blend of traditional and modern. You can see this by the way Thailand looks toward the future, while …
How will the ATO’s cryptocurrency crackdown affect expats?
Cryptocurrency investment and trading has been one a growing investment trend in recent years. Investors across the world are putting their money into cryptocurrencies like Bitcoin and riding what has been a rollercoaster of ups and downs in a new frontier of investing. At the …
2019 Federal election – what Aussie expats need to know
The 2019 Federal election is almost upon us, but for most Aussie expats living and working overseas, if you’re like me, events back home in Australia are often ‘out of sight, out of mind’ both in terms of the policies, and of how to vote. …
Is negative gearing available to Australian expats?
As an expat, there’s so much to consider when it comes to tax and how it affects your Australian investment property, including whether negative gearing applies. Where do we start… Negative gearing It’s something that we Aussies love. With the mention of negative gearing, approximately …
