If you’re an Australian expat with a property back home, you may have missed a crucial detail in the federal government’s latest budget announcements. Hopefully, it’s not too late to make a good decision today that could cost you thousands – even though the changes …
Negative gearing tips for Australian expats
The Australian Government strongly welcomes overseas investors in the property market. The term ‘negative gearing’ constantly gets thrown into political discussions by both Liberal and National parties who support negative gearing options. So, what is negative gearing? Negative gearing is an established practice where an …
The 6-year rule: tax advantages of renting out your principal residence
Latest Update: 5th December 2019 – Following on from our last update, the Federal Government today 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 …
Australian property – 3 reasons expats should consider
So you’re about to become an Australian expat – congratulations on your impending adventure! But when it comes to the Australian property market, should you really be cutting all your ties, even though you’ll be living overseas for the foreseeable future? We think not. Of …
Negative gearing your investment property while living overseas
Investing in property is an investment in the future. The property market in Australia is skyrocketing, and with record low interest rates, now is a good time to buy. If you are an expat looking to invest in an Australian property, there are a few …
Tax advantages of renting out your home while working overseas
Do you own a home in Australia but are about to move overseas for work? If you find yourself in this situation, you are probably in the process of deciding whether you should be renting out your home while working overseas. The good news is …
What you need to know about reporting your overseas income
If you were living as an expat in a foreign country and have just relocated back to Australia, when you file your next Australian tax return you will need to report your overseas income. All your foreign employment wages need to be reported on this …
How expats can avoid property buying hurdles
With the unrest in Europe, many Australian expats are looking to return to Australia. Expats who are seeking to buy a residence in Australia though are finding that tougher lending guidelines are a restriction. However, expats with Australian rental property may be better off. Australian …