Going To Australia for Work & Holiday? Will The New Tax The Govt Is Proposing Affect Aussie Expats?

Today’s question relates to the newly proposed changes announced in the 2021 Federal Budget affecting the current tax laws surrounding tax residency and the impact for Australian expats. We need to take a step back first because there has not been any new legislation passed to this date to impact Australian expat. There were amendments proposed in this year's budget as most of us would already know and they entail a 183-day Bright-line test and subtests which referred to some other matters which will only come into play if people spend more than 45 days within Australia. Let's have a look at things as they stand now.. Content - 00:00​ - Intro 00:28​ - How long can I spend in Australia under these new tax laws? 00:55 - 183-day Bright-line test and Sub-test 02:30​ - Are you a Non-Resident? 03:20​ - What to do to your SMSF(self-managed super fund) when you are offshore? ⚡Join us live every Tuesday on Facebook and Instagram. To keep up to date please follows us on: Instagram - @wiseguru   / wiseguru   Facebook -   / thewiseguru   Private Facebook Group - www.facebook.com/groups/aussieexpat LinkedIn - www.linkedin.com/in/docunterweger/ Twitter - @WiseGuru_APAC   / wiseguru_apac   Website - https://thewiseguru.com/ 📩 Send us any questions you may have to [email protected] ✒️To book a Complimentary Meeting with Dr Andrew Unterweger please complete this form: https://forms.monday.com/forms/a84ddd... *DISCLAIMER - The information contained in this video by Dr Andrew Unterweger (and Wise Guru Limited) is for general information purposes only and is not intended to constitute legal, financial or other professional advice and has not been provided with regard to the investment objectives or circumstances of any particular individual. While based on information believed to be reliable, no guarantee is given that it is accurate or complete and no warranties are made by Wise Guru Ltd as to the accuracy, completeness or usefulness of any of the information in this publication. The opinions, forecasts, assumptions and estimates (if any) contained in this material are as of the date indicated and are subject to change at any time without prior notice. The information referred to may not be suitable for specific investment objectives, financial situation or individual needs of recipients and should not be relied upon in substitution for the exercise of independent judgment. Recipients should obtain their own appropriate professional advice. Neither Wise Guru Ltd nor other persons shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way from the information contained in this material. Wise Guru Ltd is not under any obligation to update this information to the extent that it is or becomes out of date or incorrect. This material may not be reproduced, redistributed, or copied in whole or in part for any purpose without Wise Guru Ltd’s prior written consent #wiseguru #aussieexpat #2021federalbudget