Residency
•Working and living overseas can dramatically change your relationship with the Australian Taxation Office. It all hinges on whether you remain a resident or become a non-resident for taxation purposes (both options are available for expats).
•Just because you will be working overseas does not mean that you will automatically be deemed a non-resident. The ATO is the ultimate arbitrator of whether you qualify.
•To answer the bigger question: Should you become a non-resident? we need to assess your current investments, cost bases, and projections of income and capital return over the period you intend to be overseas.
Centric Wealth Expatriate Service
We recommend you seek our advice early so we may help you determine your current, and ideal, residency status.