I am also considering moving over in 2007, however the tax implications do blur things. Here is some of what I know:-
To gain the tax free status you need to declare yourself a non-resident for tax purposes. You need to prove you are spending substantial time out of Australia and your permanent domicile is Qatar. I am not sure if 12 months is enough. If you are picking up you whole family and moving there, and will be there more than 12 months you are probably ok. The issues that seem to confuse things are how much time you spend in Qatar vs anywhere else, including a return to Australia. The other issue is that of your domicile. If you have family here and are sending money home then it certainly gets very murky. If you are going to rent out your home in Oz this will help greatly as it will prove you *permanent* domicile is Qatar.
I am considering coming over but the family may stay in Oz for up to 6 months before joining. I cannot get a clear ruling on what these means.
If I cannot get non-resident status then the money is not good enough. Let me know how you go?
Any more Australians out there? I wouldn't mind you experience in this matter.
Hi Kezza,
I am also considering moving over in 2007, however the tax implications do blur things. Here is some of what I know:-
To gain the tax free status you need to declare yourself a non-resident for tax purposes. You need to prove you are spending substantial time out of Australia and your permanent domicile is Qatar. I am not sure if 12 months is enough. If you are picking up you whole family and moving there, and will be there more than 12 months you are probably ok. The issues that seem to confuse things are how much time you spend in Qatar vs anywhere else, including a return to Australia. The other issue is that of your domicile. If you have family here and are sending money home then it certainly gets very murky. If you are going to rent out your home in Oz this will help greatly as it will prove you *permanent* domicile is Qatar.
I am considering coming over but the family may stay in Oz for up to 6 months before joining. I cannot get a clear ruling on what these means.
If I cannot get non-resident status then the money is not good enough. Let me know how you go?
Any more Australians out there? I wouldn't mind you experience in this matter.
Cheers