Blog / Australians Moving Abroad / Page 4

Guide: Moving to Expatland™

Matthew Marcarian | 21 Jun 2017 | 1 min read

Written by Matthew Marcarian

Matthew is the principal of CST Tax Advisors in Sydney. As a Chartered Accountant and international tax specialist, he brings more than two decades of experience to bear when advising clients who are investing or moving across borders. He holds a Master of Taxation, is a Chartered Tax Advisor and a Registered Tax Agent.

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Please Note

While details contained in this article are accurate at the time of publication, they may be subject to changes in statutory and case law as well as Government policy, rulings and interpretation updates. Any opinions expressed are those of the writer and may no be representative of the CST firm or applicable under different circumstances. Any advice contained herein is generic in nature only and cannot be relied on for your personal situation. As such we cannot be held responsible for any damages that arise from applying generic information to your own situation. You should always seek professional advice tailored to your unique situation, taking into account the most recent legal changes and understandings at the relevant time.

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Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Corporate Residency

Please provide your details to access the online tool

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Place of Incorporation
Central Management and Control
Carry on a Business
Voting Power

Place of
Incorporation

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Place of Incorporation
Central Management and Control
Carry on a Business
Voting Power

Central Management
and Control

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Place of Incorporation
Central Management and Control
Carry on a Business
Voting Power

Carry on a Business

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Place of Incorporation
Central Management and Control
Carry on a Business
Voting Power

Voting Power

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Contact Us

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Guide: Australians Moving Abroad

Matthew Marcarian | | 1 min read

The move to Expatland is an exciting time. However, on the topic of tax we often find that Australians departing do not receive the right initial advice and therefore often make costly errors as result of complex outcomes they have not seen coming.

To help, we have developed our guide ‘Australians Moving Abroad’ which provides answers to the most commonly asked questions. The guide covers many tax issues such as Tax Residency, Capital Gains Tax, Australian property issues, Foreign Earnings, CGT Main Residence Exemption issues, and Non-resident Tax Rates.

If you need specific advice about your situation we would be delighted to assist you through CST’s Departing Australia Tax Review service.

For clients with significant domestic and/or international investments our advisors will recommend our Strategic Tax Review service to provide you with more detailed advice.

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Written by Matthew Marcarian

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Please Note

NEED ASSISTANCE FOR YOUR SITUATION?

"*" indicates required fields

First Name*

Last Name*

Email*

Phone

Which best describes why you need tax advice?*

Your tax situation*

Do you need tax services in our other regions?

Singapore

USA

By providing us your information you agree to our privacy policy

CAPTCHA

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Corporate Residency

Please provide your details to access the online tool

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Place of Incorporation
Central Management and Control
Carry on a Business
Voting Power

Place of
Incorporation

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Place of Incorporation
Central Management and Control
Carry on a Business
Voting Power

Central Management
and Control

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Place of Incorporation
Central Management and Control
Carry on a Business
Voting Power

Carry on a Business

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Place of Incorporation
Central Management and Control
Carry on a Business
Voting Power

Voting Power

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Contact Us

"*" indicates required fields

Australian Expat Alert – Budget Announces Main Residence CGT Changes

Matthew Marcarian | 24 May 2017 | 2 min read

Background

Many Australian citizens who leave Australia and become non-residents (i.e foreign residents for tax purposes) rent their former main residence while they are living overseas.

Presently these Australian citizens are able to benefit from a CGT main residence exemption under the ‘6 year absence’ concession (Section 118-145 of the ITAA 1997). In essence the absence rule means that a person can move out of their main residence, rent it out, and then move back into it before the end of 6 years and the property will retain its 100% CGT free status when it is sold.

Further, where a former main residence is not rented out at all – the property can remain exempt from CGT indefinitely (See Section 118-145(3)).

CST has many expat clients who have moved overseas and who are renting out their family homes.

New Budget Announcement

On the 9 May 2017 the Treasurer announced that the Government “would stop foreign and temporary residents from claiming the main residence capital gains tax exemption when they sell property in Australia from Budget night”. The a transitional rule is to be provided so that people who own such property on 9 May 2017 can sell by 30 June 2019 without paying capital gains tax.

However the announcement was included in a series of measures aimed at improving the integrity of Australia’s CGT rules for foreign investors.

Naturally enough, most Australian expats living abroad would not consider themselves to be ‘foreigners’ and the loss of a CGT exemption on their former main residence would be a very bad outcome.

Unfortunately it is not yet clear whether this announcement was actually intended to apply to foreign residents (meaning foreign tax residents, which would include Australian citizens who are non-resident of Australia) or whether the announcement is intended to apply to foreign nationals only.

Given the lack of detail in the announcement we will have to wait until legislation is introduced before being sure of the Governments intentions in this area. If you are an Australian expat living abroad please do not hesitate to contact us to discuss any concerns you may have or if you require advice.

Please see – http://www.budget.gov.au/2017-18/content/glossies/factsheets/html/HA_16.htm

Written by Matthew Marcarian

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Please Note

NEED ASSISTANCE FOR YOUR SITUATION?

"*" indicates required fields

First Name*

Last Name*

Email*

Phone

Which best describes why you need tax advice?*

Your tax situation*

Do you need tax services in our other regions?

Singapore

USA

By providing us your information you agree to our privacy policy

CAPTCHA

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Corporate Residency

Please provide your details to access the online tool

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Place of Incorporation
Central Management and Control
Carry on a Business
Voting Power

Place of
Incorporation

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Place of Incorporation
Central Management and Control
Carry on a Business
Voting Power

Central Management
and Control

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Place of Incorporation
Central Management and Control
Carry on a Business
Voting Power

Carry on a Business

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Place of Incorporation
Central Management and Control
Carry on a Business
Voting Power

Voting Power

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Place of
Incorporation
Central Management
and Control
Carry on a Business
Voting Power

Determining Corporate Residency

Use our online tool to determine the corporate residency of your client's business.

Contact Us

"*" indicates required fields

Guide: Moving to Expatland™

Written by Matthew Marcarian

NEED ASSISTANCE FOR YOUR SITUATION?

Determining Corporate Residency

Corporate Residency

Determining Corporate Residency

Place of Incorporation

Determining Corporate Residency

Central Management and Control

Determining Corporate Residency

Carry on a Business

Determining Corporate Residency

Voting Power

Determining Corporate Residency

The company is an Australian Resident

Determining Corporate Residency

The company is not a resident but it could be a CFC

Determining Corporate Residency

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Guide: Australians Moving Abroad

Written by Matthew Marcarian

NEED ASSISTANCE FOR YOUR SITUATION?

Determining Corporate Residency

Corporate Residency

Determining Corporate Residency

Place of Incorporation

Determining Corporate Residency

Central Management and Control

Determining Corporate Residency

Carry on a Business

Determining Corporate Residency

Voting Power

Determining Corporate Residency

The company is an Australian Resident

Determining Corporate Residency

The company is not a resident but it could be a CFC

Determining Corporate Residency

Contact Us

More articles like this

Australians Living In The UK: Returning To Australia Under The New Non-Dom UK Rules

5th Mar 2025

Richard Feakins

Exploring The Advantages Of Dual Citizenship

28th Feb 2025

Daniel Wilkie

Corporate Taxation In Singapore: An Introduction For Foreign-Owned SMEs

27th Feb 2025

Boon Tan

Australians Living In The UK: Returning To Australia Under The New Non-Dom UK Rules

5th Mar 2025

Richard Feakins

Exploring The Advantages Of Dual Citizenship

28th Feb 2025

Daniel Wilkie

Corporate Taxation In Singapore: An Introduction For Foreign-Owned SMEs

27th Feb 2025

Boon Tan

Australian Expat Alert – Budget Announces Main Residence CGT Changes

Background

New Budget Announcement

Written by Matthew Marcarian

Place of
Incorporation

Central Management
and Control

The company is not a resident
but it could be a CFC

Place of
Incorporation

Central Management
and Control

The company is not a resident
but it could be a CFC

Place of
Incorporation

Central Management
and Control

The company is not a resident
but it could be a CFC