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Coming to Australia

Stephen Banfield and Rita Choudhury consider the tax and residency issues likely to arise for anyone considering relocating to Australia

23 February 2015

Australia is a popular destination for many looking to emigrate or acquire a second citizenship. The critical, but all too frequently overlooked factors in deciding between the various immigration options, are the Australian taxation implications.

The status of an individual and their family members as 'temporary residents' for Australian tax purposes can have a significant bearing on the way they are taxed. Set out below is a summary of the various visa options and the related Australian tax planning considerations for high-net wealth (HNW) individuals and their families.

Visa Options

Significant Investor Visa

Since its introduction in late 2012, the Significant Investor Visa (SIV) has become very popular. It requires an investment of at least AUS$5m to be made by an individual into one or more complying investment. These are:

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