One of the most popular tax minimising solutions these days is moving offshore. If you are considering or have committed to moving overseas we can provide advice to ensure that you are correctly set up so that you can make the most of your time (and maximise the tax savings) while you are away.
This will provide you with the peace of mind knowing your tax affairs are in order (particularly if you have a family trust, company or superfunds) before you leave.
Without the right tax advice, people set up trusts, companies or purchase property overseas thinking they automatically qualify for lower taxes, but it is often not the case. It requires planned steps to become a non-resident. They can end up paying tax in that country AND in Australia! International Tax is complex!
Not only does this defeat the purpose, but you also run the risk of falling foul of the law.
If you are thinking of going offshore, talk to us first!