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All Things Tax and Accounting

Category: Expats

Returning to Hong Kong

With the recent closure of the Cathay Pacific bases in Australia, resulting in nearly 120 pilot redundancies, some are considering returning to Hong Kong to continue their flying careers. A job may be better than no job, however working in HK needs to be considered very carefully from a tax perspective. If you leave your… Read More Returning to Hong Kong

August 31, 2021 Lindsay BridglandLeave a comment

Non-Resident with a home here? Quick – Sell it!

As proposed in the 2017 budget, the removal of the main residence CGT exemption for tax non-residents was legislated in Dec 2019 A rather draconian rule, the effect is that if you are tax non-resident on the date you sign the sales contract on your Australian property, you will not get any exemption at all… Read More Non-Resident with a home here? Quick – Sell it!

March 2, 2020March 1, 2020 Lindsay BridglandLeave a comment

HELP debt when Overseas

Are you living overseas and still have a HECS or HELP debt? Or are your kids overseas with such debts? New rules in 2017 require all non-residents with HELP or HECS debts to let the ATO know, via their mygov account, if they have moved overseas or intend to be away for 183 days in any 12… Read More HELP debt when Overseas

August 24, 2017August 24, 2017 Lindsay BridglandLeave a comment

Retiring in Australia?

Thinking of coming back to Australia to retire? Then you need a plan in place to utilise the utopian Australian tax system, many years before your feet actually touch Australian soil. In your absence, the superannuation rules have changed such that with a bit of careful planning, once you retire over age 60, you might… Read More Retiring in Australia?

April 24, 2016April 24, 2016 Lindsay BridglandLeave a comment

Beware if you own UK property as a Non UK Resident

From April 2015, it is proposed that non residents (that’s us poms living in sunny Australia) will pay Capital Gains Tax on the sale of UK residential property. So if you own property in the UK, it’s worth reviewing your position. Here is a link to some further info http://www.propertywire.com/news/europe/uk-capital-gains-tax-property-201404048976.html

April 18, 2014September 27, 2017 Lindsay BridglandLeave a comment

Are you Really a Non Resident

Are you a fair dinkum Non-Resident? With 23AG exemptions no longer available, there have been a vast number of individuals who are wishing to be treated as non-resident for tax purposes from 1 July 2009. The ATO are aware of this, and over the next few years will check the cirumstances of those whose residency… Read More Are you Really a Non Resident

August 19, 2013August 19, 2013 Lindsay BridglandLeave a comment

Capital gains tax for non-residents

Recent changes to Australian tax legislation significantly increase the potential tax for non-residents. Non residents have always been penalised by not being able to access the tax free threshold, now they also have the joy of higher rates as well. But less talked about, in a clever twist on the ATO’s part, the CGT 50%… Read More Capital gains tax for non-residents

April 1, 2013August 19, 2013 Lindsay BridglandLeave a comment

457 Visa – Special Tax Rules

Those here on a 457 business sponsored visa are very lucky indeed – and lots of them don’t know it! There are several tax benefits available to this class of visa since the introduction of the “temporary resident” rules in 2006/7. The rules mean “temporary residents” are effectively only taxed on Australian sourced income for… Read More 457 Visa – Special Tax Rules

February 23, 2013August 19, 2013 Lindsay BridglandLeave a comment

Article: 23AG Explained

Prior to 1 July 2009, section 23AG ensured foreign employment income derived by an Australian tax resident in respect of overseas work assignments, which were longer than 91 days in duration and taxed in the overseas country, were exempt from Australian tax. Note that the exemption was only ever available for those who were Australian… Read More Article: 23AG Explained

February 15, 2013 Lindsay BridglandLeave a comment

Commuters Beware

Taxpayer Australian Resident for Tax Purposes – Bezuidenhout A taxpayer who was employed overseas, as a pilot, by a foreign employer, has nevertheless been found to have been an Australian resident during the relevant income years. He was therefore assessable in Australia on his foreign-earned income. The taxpayer worked overseas as a pilot. He was… Read More Commuters Beware

November 20, 2012August 19, 2013 Lindsay Bridgland1 Comment

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