What Are The Common Mistakes Australian Expats Make Affecting Their Tax Residency

Given that the personal #income tax rates in Singapore are significantly lower than in Australia and there are substantial savings on #Capital #Gains Tax (#CGT) that are available for tax residents of #Singapore, Australian expats should ensure that they're dotting the i's and crossing the t's when it comes to maintaining their desired tax residency #status.

In this video, Jarrad Brown, the #Australian #Expat #Financial #Planner, shares some of the pitfalls and common mistakes which Australian expats make that could impact their #tax #residency in #Australia.

0:00 Introduction
0:52 Australian expats travelling too frequently back to Australia
1:47 Australian expats not having long term accommodation set up in their country of residence
2:36 Australian expats keeping their personal belongings and living in their property when back home in Australia
3:14 Australian expats maintaining their club memberships in Australia without converting them as Absentee
4:07 Australian expats not updating their address with banks and share registries
4:41 Australian expats continuing to use Medicare when in Australia
5:17 Australian expats purchasing one way travel tickets to Australia
6:11 Final remarks

About Jarrad Brown:
Jarrad Brown is an Australian-trained and experienced Fee-Based Financial Planner with Australian Expatriate Group of Global Financial Consultants Pte Ltd providing specialist financial advice and portfolio management services to Australian expatriates in Singapore. Subscribe to this YouTube channel for his latest tips and updates for Australian expats when it comes to making informed financial choices for their time abroad. Jarrad Brown is an Authorised Representative of Global Financial Consultants Pte Ltd – No: 200305462G | MAS License No: FA100035-3

☞ Book a complimentary meeting or get in touch with Jarrad Brown:
https://linktr.ee/jarradbrown

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General Information Only: The information on this site is of a general nature only. It does not take into account your individual financial situation, objectives or needs. You should consider your own financial position and requirements before making a decision.

*Please note that Jarrad Brown is not a tax agent or accountant and none of the content outlined here should be taken as personal advice. You should consult your tax agent and financial adviser to review your current personal finances and financial goals to consider whether this strategy is appropriate for you.