Foreign Taxes

Abbotts has managed the taxation affairs of Australians working overseas and foreign nationals working and living in Australia for decades. From the deep interior of Africa to the America’s, Asia and Europe, we have looked after the strategic and compliance tax issues associated with Australian sourced income and assets of our clients since the pre-internet days of old. These days it is so much easier to communicate with our far-flung clients, but the complexity of their taxation needs continues to escalate as the reach of the international taxation authorities becomes ever wider. Ignoring the complexities or getting it wrong can put a lifetime of wealth accumulation at risk.

We understand those risks and we provide the strategies that deliver you the peace of mind that your tax and financial affairs are in order despite the tyrannies of distance.

Most foreign pensions and annuities are taxable in Australia, even if tax was withheld from your payment by the country from which the payment came. Examples of foreign pensions and annuities that fall into this category are age and superannuation pensions paid from Austria, Germany, Italy, the Netherlands and the United Kingdom. Offsets can be claimed if certain conditions are satisfied – allowing you to prevent the double taxation of your foreign pension or annuity income.

Abbotts can provide advice on foreign pensions and annuities to ensure you understand your taxation obligations, including pensions or annuities that have a undeducted purchase price (UPP).

Abbotts has a diverse client base including Australians living overseas and non-residents living in Australia. We are able to assist our clients in making decisions around moving financial assets into and out of Australia.

We also provide comprehensive advice on tax matters relating to migration, foreign asset management and expat tax matters, to ensure you meet your tax obligations while minimising your overall taxes payable to both the ATO and foreign tax organisations.

If a foreign tax return is required, we can assist and advise your foreign tax advisor on your Australian taxation position, making it easier to align your tax affairs across borders.

Chris Higham

Partner, Abbotts Chartered Accountants

Chris has been a part of the Abbotts Team since 1987 and has worked in the accounting profession since 1983. He qualified as a Chartered Accountant in 1991 and was appointed as a Partner in Abbotts Chartered Accountants that year.

Eric Ballard

Director, Abbotts Chartered Accountants

Eric has in excess of 15 years of experience providing tax and business services having worked in both mid-tier and boutique advisory firms.

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