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 …
Land tax surcharge introduced for foreign persons (VIC & NSW)
Victoria and New South Wales have recently introduced a range of land tax surcharges targeting foreign investors, both individual and corporate. The aim of the surcharges is to reduce the amount of property which is purchased and held by foreign investors, pushing prices up for …
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 …