How Australian Expats Should Manage The Singapore Exit Tax – With more and more Australians moving to Singapore each year, it is very important to understand the local tax concessions and drawbacks when leaving as well. Often when we head abroad, we don’t often think too much about whether or not there is an exit …
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The Singapore Exit Tax That No One Talks About – Singapore is terrific hub for Australian expats with estimates of 20,000 to 25,000 residing over in Singapore. We’d expect this number to increase over the coming years, once COVID-19 is well behind us. Singapore is well known for its low tax rate environment and traditionally …
Australian Housing and Lending Landscape Webinar for Australian Expats – Securing housing finance can be challenging at the best of times, throw in your Australian expat status, overseas income streams and a post royal commission environment, not to mention the impacts of Covid-19, rising interest rates and the situation gets decidedly more complex. No longer …
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Can An Australian Expat Use Negative Gearing – negative gearing is a commonly used strategy by Australians to generate wealth but how does this work with Australian expats living overseas? In today’s blog post we run through what negative gearing is and whether an Australian expat can utilise this wealth generation tool. What is …
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 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 …
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 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 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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What Is A Passive Foreign Investment Company Otherwise Known As A PFIC? – It’s only specific for U.S. citizens residing in Australia, dual nationals of U.S. and Australia, as well as Australian expats residing in the U.S. A Passive Foreign Investment Company, or PFIC, as the definition states in the IRS’s tax code, is any …
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Atlas Wealth Group is a group of several organisations, each of which is a separate legal entity registered in the relevant jurisdictions in which they operate and licensed with their respective regulators.
Atlas Wealth Management Pty Ltd – ABN 98 152 187 098 – AFSL 471653
Atlas Wealth Management (DIFC) Limited – Regulated by the Dubai Financial Services Authority License No. F005228
Atlas Tax Pty Ltd – ABN 36 664 334 409 – Australian Tax Agent 26 202 536
Atlas Mortgages Pty Ltd – ABN 93 646 699 863 - Authorised Credit Representative 463430 of Mortgage Specialists Pty Ltd, Australian Credit Licence Number 387025
