Can I Get a Mortgage in Australia With Overseas Income?
7-minute read
Aussie expats might wonder whether they can get an Australian mortgage with foreign income. Well, while earning in a foreign currency might make the process a little more challenging, it’s not impossible to get an Australian home loan. In fact, if you speak to a specialist mortgage broker, you’ll find a lender willing to accept your overseas income in no time at all.
What is a Cooling Off Period?
6-minute read
Purchasing property in Australia from overseas has risks involved. What do you do if you feel like you have made a mistake after signing on the dotted line? Fortunately, Australian expats are eligible for the cooling-off period. Read on to find out everything you need to know about the cooling-off period and why you might need it.
What are the Tax Implications for Non-residents in Australia?
5-minute read
With the world slowly returning to normal and international borders relaxing, it’s worth considering the tax implications of entering or leaving Australia. Unfortunately, moving overseas isn’t as simple as booking a plane ticket. Australia’s non-resident tax system is relatively straightforward – once you know your tax residency status, that is.
A Complete Guide to Capital Gains Tax in Australia
7-minute read
We’ve all heard of capital gains tax CGT – but do you know exactly what it is, when to pay it, or how it affects expats and foreign residents? If you’re buying or selling assets in Australia, you will inevitably come across capital gains tax. Read on to find out everything you need to know about capital gains tax in Australia as we explore several case studies.
Resident Vs Non-Resident Tax in Australia
11-minute read
Moving overseas is a lot more complicated than simply packing a bag and booking a flight. Aside from negotiating visas and arranging somewhere to live in your new country, you need to sort out your Australian tax residency.
Australian Tax Residency: What Do I Need To Know
7-minute read
Whether you’re a born and bred Australian has little to do with whether you’re an Australian resident for tax purposes. If you’re living overseas as an Aussie expatriate, you might not fall under the tax residency rules.
What Are the Australia Income Tax Rates and Brackets?
5-minute read
Just because you’re living abroad, it doesn’t mean you don’t have to pay tax in Australia. If you’re not careful, you could end up paying income tax in Australia and your new home country. Understanding the Australian income tax system is as important as choosing where you live.
How to Lodge your Australian Tax Return as an Expat
5-minute read
If you earn any income in Australia, you must lodge a tax return. Most Australians never see their pre-tax income; employers pay income tax for you. However, you need to lodge an income tax return if you earn additional income, such as through investment property.
What are the Property Taxes for Non-Residents in Australia
6-minute read
Owning a house comes with a lot of hidden costs. One of which is Australian taxes. Australian residents and non-residents pay different amounts of tax on their property.
Australia Tax Rate Calculator: Everything You Need to Know
6-minute read
No one likes paying taxes. Unfortunately, it’s an inevitable part of earning money. We pay taxes on our income, when we sell our house, and on many purchases. But tax rates can get complicated. How much tax should you pay based on your income? And how does this differ for foreign income? What about if you live abroad but sell an Australian property?
How to Calculate My Borrowing Capacity for an Australian Mortgage
5-minute read
Unfortunately, lenders won’t let you borrow any old sum to buy a property. Each of us has a borrowing power – this is essentially the maximum home loan amount you can borrow from a lender. And it depends on several factors. Let’s look at what affects borrowing power and how to improve yours with our borrowing power calculator.
What is FRCGW: Everything You Need to Know
6-minute read
The foreign resident capital gains withholding tax (FRCGW) affects all Australians, whether you’re a permanent resident, expat, or a foreign national. With the rules updated in 2017, we’ll unpack how this tax liability affects you. This comprehensive article will answer all your questions, including:
