Individuals who are tax residents in Australia are subject to tax in Australia on their worldwide income and gains, subject to certain reliefs available to temporary VISA holders. Once an individual ceases to be an Australian tax resident, they are only subject to tax in Australia on their Australian-sourced income. […]
How do I know if I am an Australian Tax resident and why does it matter? Read More »
As we approach the end of another financial year, it’s a good time to talk about the common challenges encountered by Australian residents who have income and assets in the UK. With #taxplanning tips making the rounds, now is the perfect time for me to share some insights to help
Common Issues Facing Australian Residents with UK Income and Assets Read More »
Foreign exchange (Forex) transactions have become commonplace, whether for individuals traveling overseas or businesses engaged in international trade. If you have moved to Australia from overseas you will already be scratching your head on this. The Australian tax implications of forex transactions are complex. And the ‘gain’ is not necessarily
Is there tax on foreign currency gains? Read More »
Exiting Australia? If so, here are some capital gains tax (CGT) implications that you might want to think about. Non-taxable Australian property When you cease to be an Australian tax resident, there is a deemed disposal of your worldwide CGT assets, except for Taxable Australian Property (TAP) (direct and indirect
Are you an Australian resident planning to move to the UK? Read More »
Many UK expatriates and non-UK nationals who worked in the UK are unaware that they remain eligible for a full UK state pension, even after they move overseas. The UK state pension is currently £185.15 a week which equates to £9,628.50 per year. While it isn’t going to afford you
National Insurance Voluntary Contributions Read More »
