Australian Expatriates vs Australian Federal Budget

According to the proposed changes outlined in the Australian Federal Budget, Australians living overseas may be considered Australian Tax Residents if they spend more than 44 days in Australia per year and own a property back home (A “factor test” will be applied to determine tax residency). 

We are unsure if and when these proposed changes will take place but experts believe it may be some time in the next year. 

For further information, please complete form below to book a complimentary Microsoft Teams meeting with a licensed Australian Specialist at IPP Financial Advisers.  

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Nothing on this website should be considered financial advice of any kind. Please consult your professional adviser before making any investment decision. Any content on this site relating to tax matters is for general information only, may not be up to date, and should not be considered tax advice of any kind.