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Sadly for many businesses around the world, the issue of tax planning will not be high on the list as survival took centre stage due to COVID-19 in this financi…
TAX
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Stamp duty may become the latest casualty of the COVID-19 crisis, as state governments reevaluate the golden goose of taxation.
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A tax expert has warned it’s “inevitable” that a looming deadline will end up hurting taxpayers’ wallets as the coronavirus crisis rages on.
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During the Covid-19 Crisis, many Australian expatriates and visitors to Australia may find themselves stuck due to travel and health restrictions.
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With the end of the financial year fast approaching, now is the best time to assess your current financial position and resource requirements to take advantage…
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The $47 billion in deductions claimed against rental income every year will face tougher scrutiny from the Australian Taxation Office after more than 300 audits…
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How will the new capital gains tax changes happening in June 2019 affect property owners financially?
Since the May 2017 Australian Federal Budget, Australian Expats have been living under a cloud of fear that they may become taxable on their former Australian r…
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I have bought a house in Australia that will be my home eventually. When I go back how long do I have to live in it to become tax free?
In Australia we have a special Capital Gains Tax Free status for a persons home, or Principal Place of Residence.One of the great myths is that you only have to…
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I recently received a penalty notice from the Australian Tax Office for not lodging my tax return. Is there anything I can do about this?
Many people do not realise that it is a legal requirement to lodge an Australian Income Tax Return if they receive any taxable income in Australia.For most peop…
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I have recently got a letter asking if I need to pay Land Tax on my Australian property, what is this for?
In Australia the Federal Government is entitled to receive Income Tax and Capital Gains Tax and this is managed through an annual lodgement of a tax return.Unde…
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I will be moving to Australia shortly and expect to be receiving an inheritance soon after I arrive, what Inheritance Tax will I have to pay?
I am glad to report that Australia is one of the very few western countries that does not charge any inheritance tax or death duty.As such you will not have any…
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I have been offered an “interest only” repayment on my Australian property loan. Is this a good idea?
Most Australian expatriates remember how expensive our home mortgages were when we were living in Australia, as there was no tax relief available for interest c…
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Latest Podcasts
Join Steve Douglas as he discusses:
- Global financial markets, issues & influence on our daily lives;
- Australian property markets, driving factors and has it peaked?
- International markets review & forecast;
- Australian Dollar review & prediction;
- Interest rates…
Join Steve Douglas, Executive Chair and Julie Kelley, Sales & Marketing Manager as they answer your burning questions during the 'Australian Residency and Tax Changes & Implications To Expats' webinar.
You can also book a FREE 20 minute tax consult by emailing smats@smat…
Hidden away in the back of the Australian Budget and unmentioned in the Treasurers speech, was a simple statement confirming that:
“The Government will replace the individual tax residency rules with a new framework that is easy to understand, provides certainty and reduces compl…
We trust this seminar gives you a clearer understanding of the Australian Budget Announcements including:
• How Covid19 has impacted the Australian Government’s federal finances
• Measures the Government intends to undertake to reinvigorate the Australian economy
• Latest taxatio…
Australian property prices look to be on a rocketing path, with first home buyers, low-interest rates and FOMO (fear of missing out) fueling the demand for the start of 2021.
However, with stimulus packages coming to an end, and international borders remaining closed, can this ex…
For anyone considering Australia as a future place of residence planning your taxation affairs is a critical element of the migration process.
The Australian taxation system is extremely complex and taxes residents worldwide income.
Thankfully, legal and sensible tax …
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