Expat Chat Ep 49 – Considerations For Expats Inheriting Australian Assets

Expat Chat Ep 49 – What Are The Considerations For Expats Inheriting Australian Assets


Welcome to the forty ninth episode of #Expatchat where we discuss the latest tax and financial issues affecting an #Australianexpat.

In today’s Expat Chat we discuss the implications for Australian expats inheriting assets from Australian family members which became more complicated when the Government amended the Income Tax Assessment Act 1997.

We are seeing an increasing number of clients grappling with the consequences of the provisions as those from the Baby Boomer generation transfer wealth to their children, which include Australian expats.

We run through the provisions in detail, consider some scenarios and some strategies to mitigate some of more onerous outcomes of the legislation.

With clients in over 40 countries this is one of our most popular topics they like to discuss so we thought we’d share some of our feedback and experience with Australian expats everywhere in this episode.

Discussion Points on Todays Podcast Episode


In this episode we run through the following topics:

  • Why a will should be structured differently if a beneficiary is a non-resident?
  • Does your non-residency status affect the equitable distribution of assets?
  • What is CGT event K3?
  • Can beneficiaries of a will agree to amend the distribution of assets to improve the net result?

Links that we discussed in this episode include:

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As we’d like to educate as many Australian expats as possible we’d also sincerely appreciate it if you could share this page using the buttons at the bottom of this article.

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