As the expression goes, there are only two certainties in life, death, and taxes, and this applies whether you’re an Australian resident or an Australian expat living and working overseas. From the many conversations that our team at Ally Wealth Management have had with Australian expats over the years, we know that there’s a lot
If you’re currently living and working in Australia and are considering a placement offshore, or if you’re currently an Australian expat, then it’s important to consider what happens to your shares and other assets when you depart and repatriate to Australia. This is what is referred to as the Deemed Acquisition and Deemed Disposal rules.
As we rapidly approach the end of another financial year in Australia, it’s a great time to be looking at whether you should consider your options to reduce your tax liability at home. While we believe that everyone should pay the tax that they are liable for, we don’t expect anybody to have to pay
Withholding Tax for Australian Expats A common misconception amongst many Australian expats is that if they invest in the Australian stock market whilst a non-resident of Australia for tax purposes, that they will be liable for Capital Gains Tax (CGT) or income tax on their dividends while abroad. In most instances, this is not the