I am an Australian citizen. I have lived and worked here my whole life. I'm late 50s and have decided to close my business and travel as I do not wish to work till I drop dead. I have no super as I have been a sole trader and did not contribute but I have a unit here with no mortgage here and I intend to rent it out to fund my travels. My property is basically my super. I will be gone for a year initially but may extend that. I will not be working overseas. I intend to live in Australia again but desire to be nomadic for some time. Will I maintain my tax residency with this plan or will the ATO tax me to the hilt thereby completely ruining my travel plans and keeping me here as a financial prisoner until I die?
168 views
168 views4 replies
4 replies
168 views
4 replies