How to EXIT the Australian Tax System?

Most people think leaving Australia automatically means leaving the Australian tax system. It doesn’t. In reality, Australian tax residency is one of the most misunderstood areas of tax law. You can move overseas, spend less than 183 days in Australia, and still be treated as an Australian tax resident. And if the ATO considers you a resident, Australia can continue taxing your worldwide income. In this video, I explain how to properly exit Australian tax residency, what the ATO actually looks at, the four legal residency tests, and the major traps people miss when moving overseas. Grown-Up Talk: The Fine Print DISCLAIMER - This video is for informational purposes only and should not be considered tax or legal advice. This video does not take into consideration your personal circumstances. Consult with a qualified financial planner, tax advisor or legal consultant before making any decisions regarding your situation. THANK YOU! I’ve done my best to research and share the most accurate information in this video. Anything insightful should be credited to the valuable sources and papers referenced, especially those from CCH. Any mistakes, however, are mine alone. As I'm here to learn and grow, I truly welcome your feedback. If I’ve missed something or made an error, please feel free to leave a comment below or email me at hannah.nguyen.taxsystem@gmail.com. And finally, life is short, and I’m grateful that you chose to spend some of your precious time watching this video and reading these words. Thank you. Time codes 0:00 Intro 1:50 The 4 legal tests for Australian tax residency 2:20 The Resides Test 5:10 The Domicile Test 7:25 The 183-day Test 7:50 The Superannuation Test 8:05 How to properly exit Australian tax residency 11:15 The departure tax trap: CGT event I1 12:10 The Australian property trap for foreign residents