Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
12 October 202003:05 PM - edited 12 October 202003:36 PM
I am an Australian citizen who was living and working abroad for 2 years and 9 months and have recently returned to Australia. When I moved abroad I planned to return to Australia at some point in the future but no date was set. I have owned a rental property in Australia since before moving abroad and was receiving rental income whilst living abroad. I have never lived in the property.
I was living and working abroad for all of 18/19 and 19/20 financial years - am I considered an Australian or foreign resident for tax purporses for any income earned abroad during these financial years?
Additional info: I moved abroad with my de-facto partner. I was not employed in Australia and did not earn any employment income in Australia for the financial years mentioned. I held temporary working visas in two countries when living abroad and permenant addresses in both countries.