Expatriate Aussies face massive hit to tax residency status
A proposal put forward to impose a 45-day residency test in determining a person’s tax status, compared to the current 180 days, has sent shockwaves through Australian expatriate communities around the world.
Australian expatriates are in the sights of the Australian Treasury, with a proposal put forward to impose a 45-day residency test in determining a person’s tax status.
Under current law, residency is confirmed if a taxpayer spends more than 183 days in Australia, unless the Commissioner is satisfied they are genuinely living overseas.
Under the Board of Taxation’s proposed model, a long-term resident would cease to be a tax resident if they sp…