Contact UsI am moving to Australia permanently and have been told that the Australian Tax Office is going to tax me on my investments even though I still have to pay tax in US. Does this mean I am going to get taxed twice?
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David McKeegan
Hello,
Fortunately, the US has a tax treaty and a totalization agreement in place with Australia. With these in place, most instances of dual taxation are eliminated. However, depending obviously on the specific type of investments you have, dual taxation could still be possible.
In order to know for certain, I would recommend a more detailed chat with an expat specialist (such as Greenback Tax Services).
Also, this article gives a great overview of what you should know as an American living in Australia.
www.greenbacktaxservices.com/blog/expat-taxes-explained-filing-taxes-as-american-living-australia/
Hope this helps!
David McKeegan
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540 weeks ago
Fortunately, the US has a tax treaty and a totalization agreement in place with Australia. With these in place, most instances of dual taxation are eliminated. However, depending obviously on the specific type of investments you have, dual taxation could still be possible.
In order to know for certain, I would recommend a more detailed chat with an expat specialist (such as Greenback Tax Services).
Also, this article gives a great overview of what you should know as an American living in Australia.
www.greenbacktaxservices.com/blog/expat-taxes-explained-filing-taxes-as-american-living-australia/
Hope this helps!
David McKeegan