Simons Posted April 2, 2016 Share Posted April 2, 2016 Someone told me that ex pats pay more income tax than non ex pats .is this true? Quote Link to comment Share on other sites More sharing options...
Andrew from Vista Financial Posted April 3, 2016 Share Posted April 3, 2016 (edited) Hi Simons Not on the basis on them being ex-pats it isn't. Differences in tax would be based on visas and tax residency. If an expat was a permanent resident and tax resident in Australia their tax liability would assessed the same way as a non-expat permanent resident/citizen and tax resident in Australia's would. Regards Andy Edited April 3, 2016 by Andrew from Vista Financial Quote Link to comment Share on other sites More sharing options...
Simons Posted April 4, 2016 Author Share Posted April 4, 2016 Ok thank you for that. Quote Link to comment Share on other sites More sharing options...
Mike@Bonbeach Posted April 4, 2016 Share Posted April 4, 2016 The main problem for Pension aged ex-pats is that both the private and UK Age pension are assessed as taxable income and not all allowances that "senior Australians" get are available to ex-pat Immigrants, in particular is the Senior Australians offset which we are not eligible to claim until we have lived here 10 years. My tax accountant made the mistake in assuming that as we were above pensionable age we qualified for that offset and didn't pay any tax for 4 years until we changed accountants and the new chap discovered that we were not eligible and we then had to pay back 4 years of tax to the ATO. The accountant's company paid all the late payment fines etc but we still had to cough up quite a bit to get back on track. Mike PS The moral of the story is ....don't change Tax return accountants. I just wonder how long we would have gone before the ATO did a spot check. Mike Quote Link to comment Share on other sites More sharing options...
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