If you’re like many Australians who finish university then take off to another country for work there are many things you need to be aware of, including how to pay off your Higher Education Loan Program (HELP) debt (previously known as HECS) if you have …
The ATO knows about your overseas bank accounts!
Many Australians end up living or working overseas as an expat for some or all of the year, at the same time as maintaining their Australian residency for tax purposes. For many, part of living or working abroad means that they have a bank account …
Australian expats – Tax issues to consider
A wise man once said, “east or west, home is best”. Is it possible however, to feel at home away from home? For Australians planning to move abroad, there are several financial decisions that can be made to ensure they have the most beneficial stay …
Relocating to Australia after working overseas: some tax issues to consider
Moving home after spending time as an expat can be both exciting and daunting. On one hand, you can look forward to catching up with friends, speaking your own language and familiar surroundings. On the other hand, settling back in can be challenging and, if …
New property tax may cost expats thousands
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 …
Am I an Australian resident for tax purposes? 10 factors to consider
When it comes to lodging Australian expat tax returns, it’s important to understand whether you are an Australian resident for tax purposes or not. Why is this important? Well, first and foremost, if you are taxed as an Australian resident, you will be required to …
How to calculate my worldwide income for HECS/HELP debt purposes
Long post alert – sadly, as is often the case with with Australian tax, our tax rules are unnecessarily confusing! So it’s probably no surprise that the rules for working out “how to calculate my worldwide income” for HECS/HELP debt reporting purposes are also unnecessarily …
Medicare for Australian citizens overseas
28th Nov 2019 – UPDATE: Firstly, thank you to David W who let us know via Facebook, that the Department of Human Services website has recently been changed to omit a key statement about the ability for non-residents to continue to use Medicare for a …
Tax residency and tax implications for expat Australians
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 …
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 …
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