Here’s some important tax tips for Australians moving to the UK Beginning a new career overseas, or setting down roots in a different country is an exciting prospect for many. And with so many similarities to Australia, yet much more diverse (and cooler) weather, the …
UK Tax traps for Australian expats
Australia has a tax treaty with the UK but things aren’t as simple as they may seem at the outset. Expats working in the UK can still fall into some UK tax traps. Resident or tax resident? Residency is more complicated in the UK than …
Australian tax planning – Bitcoin & cryptocurrencies
In recent times cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Ripple have seen huge rises. However, they have also seen plummeting drops. The cryptocurrency market can be a wild ride and you might be thinking that it’s time to get off and cash out, but …
How does negative gearing work for Australian expats?
If you’ve paid attention to the news lately, you’ve no doubt heard the term “negative gearing”. It has become somewhat of a political football – with the Liberal and National parties supporting current arrangements, while Labour intends to change it. But what exactly is negative …
Is my superannuation subject to tax in my US tax return?
Superannuation requirements around tax time can be confusing at the best of times. However, if you’re an Aussie expat living in the US, superannuation rules are even more complex. To clear some of the confusion, this blog will help explain your responsibilities regarding superannuation and …
The HECS, HELP and TLS shirt tail effect
Many overseas destinations welcome young Australians to live and work. For the best and brightest of Australia’s young, the expat experience is a rite of passage. However, the best and brightest young Australians often have a HELP debt or Trade Support Loan (TSL). A visit …
Australian Taxes – the State (and Territories) of the Nation
Aussie expats need to keep a keen eye on State and Territory revenue concerns. An Australian income tax return is not the end of revenue reporting obligations if you’re an Australian expat with an interest in real estate back at home or if you’re thinking …
Bitcoin and Australian tax – 7 questions answered
Unless you’ve been under a rock for the past few weeks, the end of 2017 has been all about Bitcoin. While the last few hours have seen the price drop a little, the value of the leading ‘cryptocurrency’ has actually been skyrocketing. Bitcoin may be …
Super-yacht crew – is my income tax-free?
Leaving Australia to join the crew of a super-yacht or cruise ship somewhere overseas may sound exciting, but it’s actually increasingly popular. More and more Aussie expats are saying ‘no’ to that traditional gig in an English pub, and ‘yes’ to cruising the Mediterranean on …
How the changes to Foreign Resident Capital Gains Withholding Tax impacts expats
If you’re considering selling any Australian real estate, take some time to think about how the sale could impact your taxes particularly in light of recent tax changes introduced by the Australian federal government. If you’re an Australian expat that’s thinking about selling your property …