Expat Chat Episode 84 - Incorrect Assumptions When Managing Property

Welcome to the eighty fourth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today's Expat Chat we talk incorrect assumptions that Australian expats make when managing their property back home. Owning property is a core part of an Australians wealth building strategy however when they move overseas sometimes they will assume that the same rules apply even though they are a non-resident for tax purposes or alternatively they will rely on sources who may not be fully aware of the rules and regulations or that they may have changed in recent years. Since May 2012 the Australian government has made a number of changes to the tax laws as they relate to Australian expats and when it comes to managing your financial affairs even the smallest mistake can cost you a lot of money. In this episode we run through the following topics: • How does the tax treatment work when a property is a mixture of investment and principle place of residence? • When considering selling the property am I better off waiting until I get home? • Client case studies of when things go wrong Links that we discussed in this episode include: • 2023 Australian Federal Budget Seminar in Abu Dhabi - https://atlaswealth.com/news/2023-australian-federal-budget-seminar-in-abu-dhabi/ • 2023 Australian Federal Budget Seminar in Dubai - https://atlaswealth.com/news/2023-australian-federal-budget-seminar-in-dubai/ • Atlas Events - https://atlaswealth.com/events/ • Facebook Group - Don't forget to join our Australian Expat Financial Forum Facebook Group - https://www.facebook.com/groups/Australianexpatfinancialforum • Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/ • Expat Mortgage Podcast - https://atlaswealth.com/news-media/australian-expat-podcasts/expat-mortgage-podcast/ 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. Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat. Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community. Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas. To find out more about Atlas Wealth Management 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: Facebook: www.facebook.com/atlaswealthmgmt LinkedIn: www.linkedin.com/company/atlas-wealth-management Twitter: www.twitter.com/atlaswealthmgmt Instagram: www.instagram.com/atlaswealthmgmt