fbpx
Country

What Is Deemed Disposal and How Does It Affect Australian 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.

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 …

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

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 …

Board of Taxation Recommendations on Tax Residency Read More »

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 …

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

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 …

Bill Denying CGT Main Residence Exemption Receives Royal Assent Read More »

non-residency Australian expat

ATO Statement Regarding Non-Residency Status of Australian Expat

ATO Statement Regarding Non-Residency Status of Australian Expat – The Australian Taxation Office has released a decision impact statement following the full court decision regarding the non-residency status of an Australian expat. The closely followed case of Harding v Commission of Taxation (2019) FCAFC 29 centered around whether or not the Australian expat was a …

ATO Statement Regarding Non-Residency Status of Australian Expat Read More »

changes to the main residence exemption

Changes To The Main Residence Exemption Moves Step Closer

Changes To The Main Residence Exemption Move Step Closer – the long awaited and reluctantly anticipated changes to the Main Residence Exemption has moved a step closer today with the House of Representatives passing the bill. Unfortunately the bill, titled the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019,  passed unopposed by …

Changes To The Main Residence Exemption Moves Step Closer Read More »

Sign up to receive news & financial tips directly