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sab7(Newbie)Newbie
29 Jan 2025

Hi,


I am an Australian citizen and moving to GCC soon for permanent work for the foreseeable future. Therefore, I will be passing the non-resident test for taxation purposes. I had a few tax related questions;


1) Currently I co-own a property with my parents and we all reside in it. When I leave for Qatar they will continue to reside in it. Is there any impact to my tax return even though it continues to be my parents' primary place of residence.

2) I intend to keep making mortgage contributions and for that I will be sending money home to my parents. Will that have an impact on my classification as a non-resident for tax purposes?

3) Do I need to close my Australian bank accounts? They are accounts where I do not earn any interest. If I don't close my bank accounts will this have an impact on my classification as a non-resident for tax purposes?

4) Can I make contributions to my super whilst overseas?

5) My wife is currently pregnant and if she decides to give birth here in Australia instead of Qatar, can I make payments to her bank account to support my family until she is able to travel back to Qatar? If so, will it have an impact on my tax residency status?

6) I have a car registered under my name here in Australia but my mum drives it. She has always paid for the rego and tolls etc. Should I transfer it to her name before leaving Australia so that it does not impact my tax residency status?


I'd highly appreciate a response to my questions.


Thanks!

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445 views
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AriATO(Community Support)Community Support
5 Feb 2025

Hi @sab7


1. No there's no impact on your tax return. You'll have a CGT event when you sell.

2. No, it's unlikely. You can self-assess your tax residency status.

3. No, foreign residents can hold Australian bank accounts. If you give the bank your overseas address, they'll withhold a final tax from any interest you earn.

4. As long as your Super fund will accept your contributions

5. That won't be an issue with us, like in 2 you can self-assess your tax residency at anytime

6. That doesn't impact your taxes


All the best overseas!

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Most helpful reply

AriATO(Community Support)Community Support
5 Feb 2025

Hi @sab7


1. No there's no impact on your tax return. You'll have a CGT event when you sell.

2. No, it's unlikely. You can self-assess your tax residency status.

3. No, foreign residents can hold Australian bank accounts. If you give the bank your overseas address, they'll withhold a final tax from any interest you earn.

4. As long as your Super fund will accept your contributions

5. That won't be an issue with us, like in 2 you can self-assess your tax residency at anytime

6. That doesn't impact your taxes


All the best overseas!

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Taxation Questions - Moving Overseas | ATO Community