Worldwide Advisory

Working remotely overseas doesn't automatically mean you cease Australian tax residency. Learn how Australian tax residency is generally determined and the issues to consider before relocating.

For many Australians living overseas, their former family home remains their largest Australian asset. It's common to assume that because the property was once your home, any future sale will automatically be exempt from Australian Capital Gains Tax (CGT). Unfortunately, that assumption can be costly. Australian tax law has changed significantly in recent years, and whether you qualify for the main residence exemption now depends on more than simply having lived in the property. In many...

Australia doesn’t have inheritance tax — but once you introduce overseas estates or non-resident beneficiaries, the tax outcome can change significantly. The key issue isn’t the inheritance itself. It’s who is taxed, when, and under what structure. 1. Receiving an Inheritance from Overseas (As an Australian Tax Resident) Starting point: - The inheritance itself is not taxable in Australia - No gift or estate duty applies The critical issue: who pays the tax? If this were an Australian estate:...