Can an Australian citizen lose their tax residency when living overseas, such as in Thailand?

@Kenneth ******

thanks. I concur with the CGT on assets - probably best to sale if substantial CG. I'm not convinced with super especially if over 60 as it is tax exempt. My understanding is that it stays that way. The complication is if you have funds over $3m and atract the proposed additional 15% tax on a personal liability, I this this would still be taxable.

@David ********

interesting, do you stay in australia for more than 6 months? then you are a tax resident. Do you have social or economic ties to another country? this includes moving overseas and opening a bank account and setting up financially in Thailand too

@David ********

im a tax resident too at the moment in Australia, but if i move to thailand full time(or more than 6months a year), i am not returning to Australia to live (only to visit), thus i will have established social and economic ties with thailand, the test comes up with foreign resident for this.

@David ********

You've obviously not had dealings with the ATO. Phone calls are a waste of time. What they've told you is wrong as it goes against what is in their official policies. If the first guy had to go ask someone else that doesn't exactly instil confidence does it? You write to them, and get it in writing otherwise it's not worth a pinch of shit. You're better off to use the residency tool on the ATO website. I give you 100% guarantee you need more than citizenship. I've held on to my tax residency year after year for all the benefits it brings to me, so I make sure I'm solid with it.

@David ********

I've no idea as I don't know your specific situation. Just use this tool on the ATO website

@David ********

It does give an option on leaving Australia. You're probably looking in the wrong place

@David ********

It's not strange. Is it the truth? If you're going to be away in one location for a period of time you might lose Australian Tax Residency, and with it you lose the tax-free threshold, so every dollar you make in Australia will be taxed at 32c. However, from the answers given it appears the calculator can't give a correct answer, so you need to get a ruling. It's not that difficult

@David ********

Yep. 23 years of experience doesn't go astray! Investment property portfolio and substantial sharemarket portfolio. I've got a drawer full of tax rulings! Next year I'll be on DTV so more fun in store!

@David ********

Yep, the good old Boomers! The best generation in history. Was already paying off three houses by the time I was 28, after the first boom, sold one paid off the other two, and bought two more. By 35 I had five houses, three paid off. Bought shares for $1.50 when building societies became banks. Within two years each $1.50 share was worth $40 - and I bought thousands! Telstra was next, then BHP before the merger with Billiton. Wonderful times. Did 20 in the military, and went out with an 80% pension for life! The Golden Era! We'll never see it again, but I can live life exactly as I please, and one day my daughters will pick up a bonanza!

@David ********

I'm not complaining! Works for me. I grabbed the opportunities and they paid off

@David ********

A few more than five now! Added one in the UK and one in Germany after I scored German citizenship. Perhaps if you stayed in Australia and worked your arse off like I did you might achieve something, instead of sitting in SE Asia playing on your computer worrying yourself stupid about tax residency.

@David ********

Wow! You are bitter aren't you? You're that good you can't get a well-paying job in Sydney, and worrying yourself sick about tax residency that you've made a dozen different posts in the last week. One of my daughters is buying her own place in Sydney. She's a lawyer. Obviously making more money than you even though you're in the Top 10%! I guess I make more than you just from my passive investments, and I just sit on my ass these days. Maybe if you stopped playing with your computer and got a real job you'd be better off. A bank won't even touch you for a loan. Us granddads have the wealth - that's why we have girlfriends here ten years younger than you 😂😂😂

@David ********

I will treat younger people working hard with respect, but not twats who sit in internet cafes playing on their computers all day without a thought to investing in their future the way the boomers did. Perhaps you need to grow up.

@David ********

Yep. Old man, but you win the Grumpy, self-entitled, bad-tempered, "I'm the best" award. Go back through the thread and see who started throwing out the insults. I tried to give you advice but instead of accepting that advice and keeping it under your belt, you started throwing out the sarcasm. Work your ass off? Sitting in an internet cafe leeching the free WiFi because you've no money to buy your own, unable to invest in property because banks won't loan money to people who spend their days playing on their computers because they have zero employment history, and then attacking the generation which did really work hard, invest hard and party hard. Not jealous at all huh? And continually posting about tax residency, looking for the answer you want instead of accepting what actually is. Grow up little man, and you might get ahead in a real man's world 😂😂

@David ********

Statistics on home ownership? What for? I own eight across the world netting me around AUD$400,000 per annum. They're the only statistics I'm interested in! 😂😂😂

@David ********

Why don't you shut up little man? Such a whizz but can't do simple internet research into tax residency and asks for advice from a Facebook group. 😂

@David ********

Nope. That's your job. You've made a dozen posts on the same topic and still haven't got the answer you're looking, and you're that inept you don't have a capability to write to the tax office. Too busy playing games on your computer pretending you're "working" 😂

@David ********

So the answer's right there. If the ATO online calculator can't give you an answer, you think a Facebook group can? Put it in writing. Get the ruling, then you know where you are

@Frank *******

haha. Yes.

@Andy ***********

haha, yes - he sure does

@Andy ***********

it’s all about the tax free threshold

@Matthew ******

More to it than that! CGT, Dividend imputation as well as tax residency status in other countries.

@David ********

You can be dual tax resident, but the Aussie DTA means Australian Tax Residency prevails, so you can shit-can the Thai Taxation, provided you have a permanent residence in Australia

@David ********

no, tax residence of Thai and Aus is seperate and you can be both, as are many. Dual tax residency brings in overlay of DTA.

@David ********

double taxation treaty