To understand your tax situation, all Expat Australians must first work out if they are Australian or foreign residents for tax purposes. Generally, if you are a resident of Australia, leaving or intending to leave the country temporarily and do not plan to set up …
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 …
Expat Australians must now pay back student loans
Update – 9th May 2017: Please note that the Australian government handed down it’s 2017 Australian Federal budget today, with proposals to reduce the HELP debt repayment thresholds. It is expected that this will catch significantly more expats in the HELP debt repayment loop, than …
Tax rules to change for expats in the UK
If you’re an Australian living in the UK, there are some important things that you need to know. From 6th April 2017, there are some new regulations coming into effect that may change the way your tax is calculated and could impact on how much …
Where are the world’s lowest tax rates?
If you’re in the process of choosing a new home you might take a look at these low-taxing nations. It’s a great strategy to maximise wealth. But don’t let the tax rate define your ultimate decision, though. There’s many other factors you need to consider …
Do I need to lodge a tax return while living overseas?
One of the most common questions that we receive is ” Do I need to lodge a tax return while living overseas?”. This seems like an easy question that should come with a yes/no answer, but of course, it’s Australian tax, so that it means …
3 ways to ensure great expat tax advice
Successfully navigating your transition from a comfortable resident of your home country to an expat is notoriously difficult to do alone. So if you’ve made the decision to seek some expert advice, that’s a great first step to ensuring you get on the right track …
Compulsory HECS Repayments by Expats
Update – 9th May 2017: Please note that the Australian government handed down it’s 2017 Australian Federal budget today, with proposals to reduce the HELP debt repayment thresholds. It is expected that this will catch significantly more expats in the HELP debt repayment loop, than …
Avoiding expat tax traps
For many young Australians, going overseas to work for an extended period of time after graduating is almost a right of passage. It provides you with a chance to see the world, achieve independence, go on an adventure and gain valuable work experience. Every year, …
15 ways to lose Australian tax residency status
One benefit of becoming an Aussie expat is that moving to your new country could have significant tax benefits. But before you can reap the benefits of a lower taxing country, you’ll need to convince the Australian government that you are no longer regarded as …