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Changes to the Australian Tax Residency Rules Affecting Expats

James Ridley

James is the Managing Director for the Asia Pacific region and is an experienced financial planner who brings a multitude of skills and experience to the table when it comes to providing Australian expat financial advice. After completing university, James was an accountant for four years at which point he then moved into the financial services sector and became a financial planner. Combining his accounting skills with financial advice, James has advised individuals, families, and Self Managed Super Fund clients in the areas of retirement planning, debt reduction, cash flow management and portfolio management. James holds a Bachelor of Commerce with an accounting major, Bachelor of Business with a marketing major, Advanced Diploma of Financial Planning and is currently completing his Masters of Financial Planning.

tax residency Australian expat

Changes to the Australian Tax Residency Rules Affecting Expats

Changes to the Australian Tax Residency Rules Affecting Expats – In the 2021-22 Australian Federal Budget, the government announced changes intended to amend the tax residency rules that Australian expats must comply with. These changes will affect most Australian expats once implemented and will be based on a Primary Test as well as a Secondary …

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atlas wealth grows

Atlas Wealth Financial Planning Team Grows | Australian Expat Advice

Atlas Wealth Financial Planning Team Grows – Atlas Wealth Management is proud to announce the recent promotion of Mitchell Kelsey from the role of Head of Paraplanning to Financial Planner. Mitchell has over 9 years’ experience working in the Financial Services industry in Australia and began his career working in superannuation fund services where he …

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Australian budget webinar expat

2021 Australian Federal Budget Webinar For Australian Expats

2021 Australian Federal Budget Webinar For Australian Expats – the Australian federal budget has been delivered and there have been a number of changes announced that will affect Australian expats and the way that they manage their finances overseas. Adding to this is an upcoming election year and the political pressure that is usually brought …

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ATO tax residency

ATO Announces Data Matching Program Focusing On Tax Residency

ATO Announces Data Matching Program Focusing On Tax Residency – The Australian Taxation Office (ATO) has announced a new data matching program in conjunction with the Department of Home Affairs that will involve them receiving passenger movement information from over 670,000 individuals for each financial year. The data matching program will obtain records for the …

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what is deemed disposal

What Is Deemed Disposal and How Does It Affect Australian Expats?

What Is Deemed Disposal and How Does It Affect Australian Expats? – today we wanted to talk about what is deemed disposal and no, it doesn’t have anything to do with taking out the rubbish. Deemed disposal applies to the asset class, non-taxable Australian property (NTAP). These type of assets include direct shares, exchange traded …

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tax residency

Board of Taxation Recommendations on Tax Residency

Board of Taxation Recommendations on Tax Residency – the Australian Board of Taxation has released their recommendations surrounding the Australian expat tax residency rules. In the report the Board has recommended that the existing rules be reformed as the current tax residency rules do not adequately address the changing employment and lifestyle landscape of the …

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australian expat discretionary trusts

Australian Expats With Trusts To Feel Pain From NSW Land Tax Changes

Australian Expats With Discretionary Trusts To Feel Pain From NSW Land Tax Changes – The NSW government has recently introduced the State Revenue Legislation Further Amendment Bill 2019. This Bill is hugely concerning for Australian expats that own property through discretionary (family) trusts in NSW and will be retrospective in nature. Australian expats who currently pay …

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CGT Main Residence Exemption

Bill Denying CGT Main Residence Exemption Receives Royal Assent

Bill Denying CGT Main Residence Exemption Receives Royal Assent – the battle to defer the proposed bill denying the CGT Main Residence Exemption for Australian expats is now over as the bill received Royal Assent on Thursday the 12th of December. This follows the bill passing the House of Representatives on the 27th of November …

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