Expat Chat Episode 144 – Changes to US Taxes and Q&A

Welcome to the one hundred and forty fourth episode of the #Expatchat podcasts where we discuss the latest tax and financial issues affecting an #Australianexpat. In this episode, James Ridley, Managing Director of the Australian office, breaks down the implications of the recently passed “One Big Beautiful Bill” on Australian expats living in the U.S.

Now signed into law as of July 4, 2025, the legislation introduces several key tax changes. Most notably, a 3.5% excise tax on outbound remittances beginning January 1, 2026. This could significantly affect visa holders (E-3, L-1, H-1B, and green card holders) who regularly send funds overseas.

James also explains how this tax could apply to:
– Restricted stock units (RSUs)
– Dividends and rental income
– Proceeds from property or share sales

Currency providers may be required to withhold the tax at source. This adds a compliance burden for expats and institutions alike.

Another critical update: Section 899, the so-called “retaliatory tax.” This could raise U.S. dividend withholding rates up to 50% for residents of countries, deemed to have “unfair” tax systems—Australia’s status remains to be clarified.

Action Items:
✅ Seek advice if you’re inheriting shares as a non-resident—CGT event K3 may apply.
✅ Register for our upcoming webinar to learn more about U.S. tax changes, currency shifts, and cross-border financial strategies.
✅ Prepare early for 2026, especially if you transfer money internationally or receive U.S.-sourced income.

Links that we discussed in this episode include:

• Upcoming Seminars & Webinars – https://atlaswealth.com/events
• Facebook Group – Don’t forget to join our Australian Expat Financial
• Forum Facebook Group –   / australianexpatfinancialforum  
• Ask Atlas – Have your questions answered on the podcast by clicking this link – https://atlaswealth.com/news-media/au...
• Expat Mortgage Podcast – https://atlaswealth.com/news-media/au...
• Weekly Recap Podcast – https://atlaswealth.com/news-media/au...

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.

The Atlas Wealth Group is a specialist in providing tax, financial planning, asset management and mortgage services to every Australian #expat. Born out of the demand from Australian expats who wanted a professional to help them navigate the tax and financial maze of living abroad. Together with assisting them make the most out of their time overseas.

Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing essential financial services to the expatriate community.

To find out more about the Atlas Wealth Group 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:

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