Expat Chat Ep 49 - What Are The Considerations For Expats Inheriting Australian Assets

Expat Chat Podcast

Welcome to the forty ninth episode of #Expatchat where we discuss the latest tax and financial issues affecting an #Australianexpat. In today's Expat Chat we discuss the implications for Australian expats inheriting assets from Australian family members which became more complicated when the Government amended the Income Tax Assessment Act 1997 We are seeing an increasing number of clients grappling with the consequences of the provisions as those from the Baby Boomer generation transfer wealth to their children, which include Australian expats. We run through the provisions in detail, consider some scenarios and some strategies to mitigate some of more onerous outcomes of the legislation. With clients in over 40 countries this is one of our most popular topics they like to discuss so we thought we'd share some of our feedback and experience with Australian expats everywhere in this episode. In this episode we run through the following topics: • Why a will should be structured differently if a beneficiary is a non-resident? • Does your non-residency status affect the equitable distribution of assets? • What is CGT event K3? • Can beneficiaries of a will agree to amend the distribution of assets to improve the net result? Links that we discussed in this episode include: • Ask Atlas - Have your questions answered on the podcast by clicking this link - https://atlaswealth.com/news-media/australian-expat-podcasts/questions-or-feedback-for-the-expat-podcast/ • Estate Planning Blog Article - Considerations for Expats Inheriting Australian Assets - https://atlaswealth.com/news/considerations-for-expats-inheriting-australian-assets/ If you like the content make sure you let us know by hitting the thumbs up and subscribing as well as providing some feedback in the comments below. Atlas Wealth Management is a specialist in providing tax financial planning advice to every Australian #expat. Whether you are based in Asia, the Middle East, Europe or the Americas, we have the experience in providing wealth management and planning services to the expatriate community. Atlas Wealth Management was born out of the demand from expats who wanted a financial adviser to help them navigate the tax and financial maze of living abroad as well as assisting them make the most out of their time overseas. To find out more about Atlas Wealth Management and how we can help Australian expats please go to https://www.atlaswealth.com. Make sure you connect with us on our respective social media channels: Facebook: www.facebook.com/atlaswealthmgmt LinkedIn: www.linkedin.com/company/atlas-wealth-management Twitter: www.twitter.com/atlaswealthmgmt Instagram: www.instagram.com/atlaswealthmgmt