9 min
Expat Chat Episode 55 - Moving Into A Investment Property As A Expat Expat Chat Podcast
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- Business
Welcome to the fifty fifth episode of #Expatchat where we discuss the latest tax and financial issues affecting an #Australianexpat.
In today's Expat Chat we talk about what an Australian expat needs to be aware of when moving into a investment property when returning back to Australia and the property has never been lived in before by that expat.
Many Australian expats have bought a property back in Australia as a investment with a view to moving into it when they return to Australia however what are the tax ramifications of doing this?
The tax laws applying to a investment property held by a Australian expat has changed a number of times since 2012 when the Australian government removed the eligibility of Australian expats to access 50% capital gains discount (CGT)on a property that has been held for longer than 12 months.
In this episode we run through the following topics:
• Is an expat eligible for the 50% CGT discount?
• How is the capital gains tax liability calculated?
• Do I need to get a valuation done when I move into the property?
• How does the pro-rata system work when calculating capital gains tax?
• If I move back into the property as my principle place of residence does that reset my CGT liability?
Links that we discussed in this episode include:
• Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/
If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below.
Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat.
Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community.
Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas.
To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com.
Make sure you connect with us on our respective social media channels:
Facebook: www.facebook.com/atlaswealthmgmt
LinkedIn: www.linkedin.com/company/atlas-wealth-management
Twitter: www.twitter.com/atlaswealthmgmt
Instagram: www.instagram.com/atlaswealthmgmt
Welcome to the fifty fifth episode of #Expatchat where we discuss the latest tax and financial issues affecting an #Australianexpat.
In today's Expat Chat we talk about what an Australian expat needs to be aware of when moving into a investment property when returning back to Australia and the property has never been lived in before by that expat.
Many Australian expats have bought a property back in Australia as a investment with a view to moving into it when they return to Australia however what are the tax ramifications of doing this?
The tax laws applying to a investment property held by a Australian expat has changed a number of times since 2012 when the Australian government removed the eligibility of Australian expats to access 50% capital gains discount (CGT)on a property that has been held for longer than 12 months.
In this episode we run through the following topics:
• Is an expat eligible for the 50% CGT discount?
• How is the capital gains tax liability calculated?
• Do I need to get a valuation done when I move into the property?
• How does the pro-rata system work when calculating capital gains tax?
• If I move back into the property as my principle place of residence does that reset my CGT liability?
Links that we discussed in this episode include:
• Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/
If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below.
Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat.
Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community.
Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas.
To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com.
Make sure you connect with us on our respective social media channels:
Facebook: www.facebook.com/atlaswealthmgmt
LinkedIn: www.linkedin.com/company/atlas-wealth-management
Twitter: www.twitter.com/atlaswealthmgmt
Instagram: www.instagram.com/atlaswealthmgmt
9 min