It's not a big deal to get a val. I'd be doing it.
Is this Valex charges reasonable? Or could anyone please recommend a good reasonably priced valuers? We'd need to do few places, so expect the total cost to sting a bit! <sigh!>
Mr Ploppy said:I think it applys to Aussies who are non-residents for tax purposes.
To be considered an Oz resident for tax purposes you need to reside in Oz for at least 183 days of the financial year. The main benefit is claiming the tax free threshold and receiving the lower tax rate of 19% for the first $37,000 of income earned. From an expat point of view, the non-resident tax rates have changed and there is a new combined tax rate of 32.5% applying on the first $80,000 of taxable income with an increase to 33% from July 1, 2015.
I'm still waiting to hear from our accountant, but expect this change to apply to us too. We're Oz PRs (but not Citizens). Lived 10y+ in Oz until hubby's work took us to HK. And expect to be back to Oz at some time.
Thanks. Didn't realized that the non-resident tax rate had also changed. I think in our case it's still probably better to be non-resident though. The top tax rate here is 17%!