Business

A Financial Checklist

A Financial Checklist for Australian Expatriates

This is not difficult. The Checklist below is simply a summary of the things you need to consider or do if moving overseas from Australia on a long-term basis.

Australia doesn't have an Inheritance Tax, or does it?

Australian Inheritance Tax

Strictly speaking, Australia has no inheritance tax – however, the rules around the application of capital gains tax (CGT) for non-residents differ from those applying to resident Australians where there is an inheritance. As a general rule, capital gains tax (CGT) applies to any change of ownership of a CGT asset, unless the asset was acquired pre CGT (September 1985).