Aussie Expat Podcast

Welcome to the one hundred and eleventh episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we talk about how to qualify to become a non-resident and what is the actual process that Australian expats must follow to notify the ATO. Qualifying to become a non-resident for tax purposes with the ATO isn't as simple as you think. With the current rules dating back to 1936 (when you used to jump on a ship to become a expat) there is some interpretation required which is why the Board of Taxation recommended the Australian government update the residency rules and we should see this play out in the next year or two. We also run through the mechanics of actually notifying the ATO that you are now a non-resident and the crucial steps you need to follow. In this episode we run through the following topics: • How do I become a non-resident for tax purposes with the ATO? • What are the new residency rules and how do they apply t