86. The $500k Tax Mistake Aussie Expats Don't See Coming w/ Brett Evans
Summary
Brett Evans from Atlas Wealth joins the Aussie FIRE podcast to explain the complex tax implications for Australians moving overseas. He warns of severe pitfalls, such as losing the main residence exemption and facing massive capital gains tax bills if assets are sold after changing residency. The discussion covers critical strategies like the deemed disposal election for shares, SMSF compliance issues, and the importance of establishing clear tax residency to avoid ATO penalties.
Topics discussed
Intro, Sponsor, and Guest Introduction
Brett's Background and Firm History
Global Reach and Client Demographics
Popular Exat Destinations and Tax Residency Tests
PPR Rules and Capital Gains Tax Traps
Deemed Disposal and Asset Elections
Superannuation, SMSFs, and Investment Strategies
Life Admin and Global Data Sharing
Repatriating Wealth and Currency Risk
AI Tools and SMSF Compliance Case Study
Returning to Australia and Deemed Acquisition
Proposed Residency Law Changes and Conclusion
Listen ad-free on Castria