A comprehensive Guide to Ceasing Australian Tax Residency for Expats.
 
Tax residency determines which jurisdiction/s an individual is subject to tax. Tax residents of Australia are taxed on their worldwide income, whereas non-tax residents are only taxed on their Australian-sourced income. The distinction has significant financial implications, especially regarding income tax rates, capital gains, and eligibility for tax offsets.
 
This blueprint is suited to those who are considering an Outbound Tax Residency Strategy or those who want more AU tax residency information.