Depending where you are moving to or from there are various things you need to consider:
As an Australian moving abroad you need to consider the impact your move will have on the assets you hold in Australia, your ongoing tax obligations in Australia and in the country you are moving to.
Whether you are moving alone or with your family, how often you plan to come back to Australia and the country you are moving to, all have an impact on what tax obligations you may have.
We can assist with our Departing Australia Tax Review. The Departing Australia Tax Review is appropriate for Australian executives who are moving overseas to take up a full-time position for the first time.
Expat Australians returning home after many years abroad need to carefully plan their return to ensure their wealth and assets are preserved.
Your personal circumstances, including the location of your assets and liabilities and the manner in which they are held, are important to what tax obligations you may have when returning home. Your move needs significant planning before you return to Australia.
We can assist with our Returning to Australia Tax Review. The Returning to Australia Tax Review looks at your assets and liabilities and the manner in which they are held to provide personal advice on how to structure your physical and financial assets in order to minimises your risk and preserves your wealth upon your return to Australia.
Complex issues can arise, when moving to Australia in relation to the timing of Australian tax residency and the impact this has on foreign income and assets which may be taxable.
You need to carefully consider the interaction of Australia’s rules with the tax laws of your home country based on your personal circumstances. You need to understand how Australia’s international tax laws will treat your home country assets and structures, before you make the move.
We can assist with our Moving to Australia Tax Review. As part of the Moving to Australia Tax Review we look at where your assets are located, the manner in which they are held and your unique family situation to provide recommendations on what needs to be done before you make the move.
If you want more information or to speak to one of our International Tax Advisors provide us your details in the form below and we will contact you or call us on +61 2 8920 0077.
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