Expat Chat Episode 112 – Is There A Best Time To Repatriate To Australia?   Welcome to the one hundred and twelfth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we talk about is there a best time of the year to return to Australia and should you plan your return around any specific dates. With the majority of Australian expats planning to return to Australia at some point in time we are often asked is there a good and bad time in the calendar year to move home. And the answer is it depends on ..read more

Dubai Real Estate: Considersations for Australian Expats Looking to Buy Property – For any Australian expat eyeing property investments in Dubai, it’s essential to delve beyond the surface of the listed price tag. To make informed decisions, one must grasp the comprehensive financial landscape, which extends far beyond the initial listing and its sticker price.   Government and Administrative Fees   Navigating the regulatory framework of the Dubai Land Department entails accounting for various administrative fees: Land Registration Fees: The Dubai Land Department levies a 4 per ..read more

Australian Expats Holding Canadian RRSPs – For Australian expats residing in Canada, understanding the Canadian financial system is crucial for making informed financial decisions. One key element of Canadian financial planning is the Registered Retirement Savings Plan (RRSP). In this article, we will discuss the RRSP, its relevance to Australian expats, withdrawal options and what happens to your RRSP when returning to Australia. What is an RRSP? The RRSP is a tax-advantaged investment account in Canada, specifically designed to help individuals save for their retirement. It incentivises Cana ..read more

Thai Revenue Department provides welcome clarity to newly proposed tax rules – last year, on the 15th of September 2023, the Thai Revenue Department announced new tax changes under Department Order No. P 161/2023 that are set to impact Australian Expats living in Thailand from 1 January 2024. Under the new tax changes, Australian Expats living in Thailand are now required to begin reporting the foreign-sourced income they remit into Thailand as assessable income from 1 January 2024. You can read more about these changes in our previous blog here. What’s New? More recently, on the 20th of Novem ..read more

Selling foreign property as a repatriated Australian expat – As an Australian expat, the prospect of repatriation often comes with a series of financial decisions, and selling foreign property is a significant aspect of this process. Whether it’s due to career changes, family considerations or simply the desire to return home, understanding the degrees of selling foreign property is necessary to ensure a smooth transition. The first consideration is taxation and understanding how the property will be taxed. Different countries have varying tax regulations and it’s crucial to be aware of a ..read more

Expat Chat Episode 111- Steps To Become A Non-Resident For Tax Purposes   Welcome to the one hundred and eleventh episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we talk about how to qualify to become a non-resident and what is the actual process that Australian expats must follow to notify the ATO. Qualifying to become a non-resident for tax purposes with the ATO isn’t as simple as you think. With the current rules dating back to 1936 (when you used to jump on a ship to become a expat) there i ..read more

Superannuation Contribution Limits to Increase from 1 July 2024 – From 1 July 2024, the amount Australian Expats can contribute to their superannuation fund will change, providing increased opportunities to save for retirement and minimize Australian tax payable. The indexation of Australia’s superannuation contributions caps is linked to increases in average wage growth in Australia, as measured by the Average Weekly Ordinary Time Earnings (AWOTE). Yesterday’s AWOTE figures published by the Australian Bureau of Statistics (ABS) mean the Caps (limit) on both Concessional Contributions (pr ..read more

Expat Chat Episode 109 – Welcome To 2024 And Facebook Group Q&A   Welcome to the one hundred and ninth episode of the #Expatchat podcast and the first one for 2024 where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we talk about the lessons we learned in 2023 and how we can use that in the coming year to our advantage. We also run through some questions that have been posted in our Australian Expat Financial Forum Facebook group which you can join if you are not laready a member in the link below. The 2023 calendar year had it ..read more

Expat Chat Episode 108 – End Of Year Wrap Up And Update   Welcome to the one hundred and eighth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we do a recap on the 2023 calendar year and discuss the major topics that expats had to deal with. This year we had a wide variety of geo-political events combined with the world economies exercising their monetary and fiscal policies to curb the inflation most economies have been experiencing. Discussion Points on Todays Podcast Episode   In thi ..read more

Expat Chat Episode 107 – When Does An Australian Expat Need To Lodge A Tax Return?   Welcome to the one hundred and seventh episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we talk about when does an Australian expat need to lodge a tax return. There is a lot of conflicting information out there about this topic which causes the confusion amongst expats and the answer is that some Australians do need to lodge tax returns whilst others don’t. Typically you are taxed in Australian on what is calle ..read more