Tax

/Tax

UAE Releases Tax Residency Framework

By | 2022-11-02T06:49:04+08:00 November 2nd, 2022|Australian Expat Financial Advice, Australian Expats, Expats, Tax|

The United Arab Emirates (UAE) has taken a step towards a more globally compliant tax framework by revealing a set of new tax residency requirements forming part of the legislation there. The UAE is home to over 15,000 Australian expats, many of whom are based Dubai and Abu Dhabi, and as the world continues to [...]

Selling Property as an Aussie Expat

By | 2022-10-19T14:38:21+08:00 October 19th, 2022|Aussies in Singapore, Australian Expat Financial Advice, Australian Expats, Australian Expats in Singapore, Property Investment, Tax|

Residential real estate as an investment has been an attractive option for both Australian residents and expats for decades, and I’m sure it will certainly remain an option to consider over the years to come. Whilst it can generate long-term capital growth and income returns, there are critical factors to consider when it comes to [...]

Queensland Backflips on Land Tax Reforms

By | 2022-10-04T08:11:38+08:00 October 4th, 2022|Aussies in Singapore, Australian Expat Financial Advice, Australian Expats, Australian Expats in Singapore, Australian Property, Tax|

In what has been a positive end to the weekly news cycle, we have seen Queensland announce that they would not be proceeding with their proposed land tax reforms. This comes as welcome news to both landlords, aspiring property investors, and of course renters or those looking to rent who would have no doubt seen [...]

Should I Pay Down My Australian Mortgage Whilst in Singapore..?

By | 2022-09-27T08:35:08+08:00 September 27th, 2022|Aussies in Singapore, Australian Expat Financial Advice, Australian Expats, Australian Expats in Singapore, Australian Property, Mortgages, Tax|

“Should I pay down my Australian mortgage while I’m living and working in Singapore..?” This was the question that I was asked recently during a meeting by an Australian expat in Singapore, and one that many Australian expats ask. At first glance, it can seem like a ‘no-brainer’ to use your excess savings to reduce [...]

Australian Expat Tax Residency Proposed Changes

By | 2021-05-18T17:07:47+08:00 May 18th, 2021|Aussies in Singapore, Australian Expat Financial Advice, Australian Expats, Australian Expats in Singapore, Tax|

I, like many other Australian expats still call Australia home, but should this mean that I have to pay tax there regardless of where I may live and work. If the proposed changes in Australia’s most recent Federal Budget are passed, then this may very well be the case. While the 2021 Budget was always [...]

Australian Expat Tax Residency – June 2020 Update

By | 2020-06-02T08:37:45+08:00 June 2nd, 2020|Aussies in Singapore, Australian Expat Financial Advice, Australian Expats, Australian Expats in Singapore, Tax|

Every year, perhaps with 2020 being slightly different, thousands of Australians decide to depart the sunny shores of the land down under to head abroad for work opportunities, to start businesses or simply to experience another culture. Many of these Australian expats intend on returning to Australia eventually, but they could spend anywhere from 1 [...]

Aussie Expats Face Property Tax Changes

By | 2019-12-19T08:57:58+08:00 December 19th, 2019|Australian Expat Financial Advice, Australian Expats, Australian Expats in Singapore, Australian Property, Tax|

In a sad day for Australian expats across the world, the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019  has been passed by the Senate, and with no further barriers in its way, will now be in force. This means that Australians across the world will no longer be able to claim [...]

Main Residence Exemption Update for Australian Expats

By | 2019-11-19T08:06:46+08:00 November 19th, 2019|Aussies in Singapore, Australian Expat Financial Advice, Australian Expats, Australian Expats in Singapore, Australian Property, Fee-Based Financial Adviser Singapore, Tax|

Following our Treasurer, Josh Frydenberg’s comments that they stood by their policy to remove the main residence exemption for Australian expats and other foreign residents, the retrospective Bill is back. While most of the proposed amendments are the same as was originally announced in the 2017-18 Federal Budget, the key change is that the deadline [...]

Tax Deductions You Can Claim on Your Australian Property

By | 2019-08-21T08:19:14+08:00 August 21st, 2019|Aussies in Singapore, Australian Expat Financial Advice, Australian Expats, Australian Expats in Singapore, Australian Property, Property Investment, Tax|

Australians’ love affair with property remains strong, and for many will be the largest asset within their portfolio. The value of the Australian residential property market is currently sitting at approximately $6.4 trillion, while the value of our superannuation system is just $2.8 trillion. When it comes to investing in property in Australia, it’s important [...]

End of Financial Year 2019 Checklist for Australian Expats

By | 2019-06-26T08:13:46+08:00 June 26th, 2019|Aussies in Singapore, Australian Expat Financial Advice, Australian Expats, Australian Expats in Singapore, End of Financial Year, Superannuation for Expats, Tax|

The end of the Australian financial year is rapidly approaching and it’s important to explore your options to reduce your taxable income in Australia sooner rather than later. Many Australian expats will ignore their tax position in Australia assuming that either there is nothing that can be done, or they simply don’t have the time [...]