I’m an expat with shares and property. What are my tax obligations?
Dear Ms Wise, I have lived overseas since June 2023. I make money trading options on my CommSec trading account. I also have a small amount of income from other investments, shares and a rented property in Australia. Previously I have added my trading income to my other income and paid tax. I have no plans to return to Australia for some time. Am I doing the right thing?
The wisdom: Brett Evans, a partner with Atlas Wealth Management, which specialises in providing financial advice for expats, says the first thing to do is to establish your country of residency for tax purposes.
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