All posts in "Tax Implications"
0 Shares

Substantial land tax increase for some Australian Expats – Are you impacted?

By Craig / February 12, 2018

Hot on the heals of capital gains withholding, removal of the CGT exemption on the primary residence, Australian expats are now being hit with substantial increases in land tax.  We investigate who is impacted and how much it could cost you.  For an $800,000 property portfolio you could be up for an additional $12,000 in land […]

20 Shares

Medicare Implications For Australian Expats

By Craig / January 29, 2018

Medicare Implications for Australian Expats is the first in a series of three articles to help you understand what you need to know about not only the medicare implications for Australian Expats, but also the health insurance implications for Australian Expats.  Just because you are living abroad, does not mean you should disregard the implications for […]

16 Shares

Am I An Australian Resident For Tax Purposes?

By Craig / December 1, 2017

The most important question you need to ask yourself when you prepare to move overseas and become an Australian Expat is Am I an Australian resident for tax purposes or not?  The answer will have some fundamental implications for your income tax obligations, but also on your investments.

250 Shares

Capital Gains Tax on Main Residence For Australian Expats – Aussie Expats to Be Hit!

By Craig / August 3, 2017

We reported in May, that as a result of the 2017 Australian federal budget, there would be some pending changes to capital gains tax on the main residence for foreign residents and Australian expats (Australians living abroad). At the time, it wasn’t quite clear from the budget papers exactly how it would work, and who […]

16 Shares

2017 Federal Budget Implications for Australian Property Investors

By Craig / May 22, 2017

A couple of weeks ago, the Australian federal government handed down its 2017 budget, and there were a number of implications for Australian property investors and Australian expats.  In this article, we review the budget implications for Australian property investors.

24 Shares

Update on HECS Debt Repayment Obligations For Australians Living Overseas

By Craig / April 10, 2017

Rules on HECS debt repayment obligations for Australians living overseas are changing. Time is running out for Australians living overseas who have a HECS debt to notify the Australian Government of their new contact details and start reporting their global income to the ATO.

10 Shares

The Double Taxation Agreement – How Australian Expats Can Benefit

By Craig / March 13, 2017

A double taxation agreement (also know as a tax treaty or DTA) is an agreement between two countries that seeks to avoid or mitigate the double taxation of personal and business income.  Australia has signed a double taxation agreement with more than 40 countries, so what does it all mean for Australian expats.

11 Shares

Rental Property Depreciation – Are You Maximising Your Tax Deductions?

By Craig / August 23, 2016

Are you maximising your tax deductions in Australia by claiming rental property depreciation on your investment properties?  Thousands of Australians are missing out on legitimate tax deductions because they are unaware of their entitlement to rental property depreciation.

11 Shares

Do You Need to Complete an Australian Tax Return While Living Overseas?

By Craig / July 3, 2016

Do you need to complete an Australian tax return while living overseas?  Many people I meet are confused by the requirements.  It comes back to an all important question which I addressed in an earlier article Am I An Australian Resident For Tax Purposes?  However, even if you are not an Australian resident for tax purposes, […]

5 Shares

Automatic Exchange of Financial Information

By Craig / June 9, 2016

Automatic Exchange of Financial Information is the answer of international tax authorities to global tax evasion and is intended to facilitate international cooperation and sharing of financial information between international tax authorities to ensure compliance with each country’s local tax laws.  

30 Shares

Australian Expat Stories : ATO Challenges Tax Residency of Returning Aussie Expat

By Craig / June 9, 2016

We continue our series on real life stories of Australian Expats. In this story, Bruce Wayne (name changed to protect the innocent), discusses his experiences with the Australian Tax Office after returning to Australia from an overseas assignment. The ATO’s challenge to his tax residency was set to cost him $200k. This story is a […]

Page 1 of 2