News Archives

Enhancing Global Mobility: Why Companies Need to Prioritise Employee Support

Enhancing Global Mobility: Why Companies Need to Prioritise Employee Support In today’s interconnected global economy, businesses face significant challenges in managing a mobile workforce, making global mobility support more essential than ever. Companies often rely on the expertise of the Big Four accounting firms for tax planning and financial consulting. However, there’s a growing need […]

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Changes to the Foreign Resident Capital Gains Tax Withholding Regime

Changes to the Foreign Resident Capital Gains Tax Withholding (FRCGW) Regime

News / Atlas Wealth

Changes to the Foreign Resident Capital Gains Tax Withholding Regime Australian expats have been alerted since the Federal Budget that the Australian Government intends to expand capital gains tax liabilities. On July 23, the Treasury released draft legislation to amend the Foreign Resident Capital Gains Tax Withholding (FRCGW) regime. This change will affect Australian expats

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The Banking Woes of Laos: What Australian Expats Need to Know

News / Martin Jack

The Banking Woes of Laos: What Australian Expats Need to Know Living in Laos has its perks—stunning landscapes, friendly locals, and an easy-going lifestyle. However, for Australian expats, navigating the local banking system can feel like an Indiana Jones-style adventure, minus the whip and fedora. While you’re soaking in the beautiful views, managing your finances

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Trump’s Election Victory 2024 - Key Insights for Australian Expats

Trump’s Election Victory: Key Insights for Australian Expats

News / James Ridley

Trump’s Election Victory 2024: What It Means for Share Markets, the World Economy, the US Dollar, and Inflation With Donald Trump winning the 2024 US presidential election, global markets and economies are on alert for potential shifts in trade, currency values, and inflation. Trump’s return to office brings the promise of familiar policies that could

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Which Box Should an Australian Citizen Living Overseas Tick on the Incoming Passenger Arrival Card?

News / Brett Evans

Which Box Should an Australian Citizen Living Overseas Tick on the Incoming Passenger Arrival Card? For Australian citizens living overseas, returning to Australia involves completing the Incoming Passenger Arrival Card (IPAC). This card, issued by the Australian Department of Home Affairs, gathers essential information about passengers entering Australia. One key question on the card

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Understanding the Non-Dom Rule: Key Insights for High-Net-Worth Individuals

News / Adam Prentice

Understanding the Non-Dom Rule: Key Insights for High-Net-Worth Individuals What is the Non-Dom Rule? In simple terms, being non-domiciled in the UK allows an individual to live and work there while considering their permanent home, or “domicile,” to be elsewhere. Under this status, non-domiciled individuals pay taxes only on their UK income and gains,

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Are You Saving Enough for Retirement as an Australian Expat?

News / Atlas Wealth

Are You Saving Enough for Retirement as an Australian Expat? As of July 1, 2024, Australian employers are required to contribute 11.5% of ordinary time earnings to superannuation. This rate set to increase by 0.5% annually until it reaches 12% on July 1, 2025. For Australian expats, however, this contribution often ceases when working

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Understanding the Impact of Central Banks on Expat Mortgages

News / Atlas Wealth

Understanding the Impact of Central Banks on Expat Mortgages Securing a mortgage as an expat requires a solid understanding of how central banks’ interest rate decisions influence the foreign exchange (FX) market. Institutions like the Federal Reserve and the Reserve Bank of Australia (RBA) play a significant role in shaping exchange rates, which can directly

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ATO Focus Areas for Your 2024 Tax Return: What You Need to Know

News / Ben Turner

ATO Focus Areas for Your 2024 Tax Return: What You Need to Know As the 2024 tax season approaches, the Australian Taxation Office (ATO) has released its focus areas. It has highlighted key items that may attract additional scrutiny. If you’re filing your tax return, especially as an expat or property owner, it’s essential to

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Foreign Trusts Becoming Onshore Trusts in the UK: Legal and Tax Insights

News / Adam Prentice

Foreign Trusts Becoming Onshore Trusts in the UK: Legal and Tax Insights The transformation of foreign trusts into onshore trusts in the UK has become a hot topic in wealth management. The UK has long been recognised as a premier hub for international finance, attracting high-net-worth individuals (HNWIs) from around the globe. However, recent changes

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