A new stamp duty surcharge for foreign purchases of property in Queensland has recently been introduced by the Queensland government. But before we get into that, lets take a look at why Queensland is such an attractive destination for Australians and foreign purchasers alike. As …
Selling property in the UK – beware the UK’s new non-resident CGT rules
Are you thinking of selling property in the UK? As an expat in Britain, you need to be aware of changes to the law which could see extra taxes levied against the profit your property sale produces. It is important to be aware of the …
The power of property – investing in Australian property
Are you an expat searching for an investment opportunity? Are you looking for an investment which generates high returns in a politically stable environment? Stop searching – investing in Australian property could be your answer. With a land mass equal to the US and only …
Australian Taxes – the State (and Territories) of the Nation
Aussie expats need to keep a keen eye on State and Territory revenue concerns. An Australian income tax return is not the end of revenue reporting obligations if you’re an Australian expat with an interest in real estate back at home or if you’re thinking …
How the changes to Foreign Resident Capital Gains Withholding Tax impacts expats
If you’re considering selling any Australian real estate, take some time to think about how the sale could impact your taxes particularly in light of recent tax changes introduced by the Australian federal government. If you’re an Australian expat that’s thinking about selling your property …
New property tax may cost expats thousands
If you’re an Australian expat with a property back home, you may have missed a crucial detail in the federal government’s latest budget announcements. Hopefully, it’s not too late to make a good decision today that could cost you thousands – even though the changes …
Negative gearing tips for Australian expats
The Australian Government strongly welcomes overseas investors in the property market. The term ‘negative gearing’ constantly gets thrown into political discussions by both Liberal and National parties who support negative gearing options. So, what is negative gearing? Negative gearing is an established practice where an …
The 6-year rule: tax advantages of renting out your principal residence
Latest Update: 5th December 2019 – Following on from our last update, the Federal Government today passed the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 into law without amendment, resulting in the scrapping of the main residence exemption for non-resident Australian …
Australian property – 3 reasons expats should consider
So you’re about to become an Australian expat – congratulations on your impending adventure! But when it comes to the Australian property market, should you really be cutting all your ties, even though you’ll be living overseas for the foreseeable future? We think not. Of …
Negative gearing your investment property while living overseas
Investing in property is an investment in the future. The property market in Australia is skyrocketing, and with record low interest rates, now is a good time to buy. If you are an expat looking to invest in an Australian property, there are a few …