Expat Tip 14: How Crypto Is Taxed for Expats – Don’t Let Gains Hide
Crypto isn’t invisible to tax offices — especially when you’re an expat. Even if tokens or NFTs live “in the cloud,” many countries consider them taxable personal property or capital assets. 🌐 How Countries Treat Crypto (General Rules) Capital Gains Law: Many jurisdictions treat crypto like shares — gains from selling or trading are […]
Expat Tip 13: Inheritance & Estate Taxes for Expats | Global Tax Guide 2025
💼 Inheritance & Estate Taxes for Expats — The Global Picture Moving overseas doesn’t just change your income tax obligations — it can also affect what happens when you inherit or pass on assets.Each country handles inheritance tax (on the recipient) and estate tax (on the deceased’s estate) differently. 🌍 What Expats Should Know […]
Expat Tip 12: Avoid Paying Double Social Security When Working Abroad
When expats move abroad for work, they often focus on income tax — but forget that social security (or its equivalent) can quietly eat into their pay twice. That’s right — in some cases, you might be contributing to both your home country’s and host country’s systems at the same time, without getting any […]
Expat Tip 11: Track Your Travel Days to Safeguard Your Residency Status
For expats, day counting is everything. Tax residency often depends on how many days you spend inside or outside a country. Missing the count by even a few days can change your entire tax status. 📘 Want a simple breakdown of how day-counting works? Check out my Free Expat Tax Guide. 🔗 External resource: […]
Expat Tip 10: Exit Taxes & Leaving Country Rules Every Expat Must Know
Some countries impose an “exit tax” when you leave and give up tax residency. This is essentially a capital gains tax on your unrealised gains at the time of departure. 🔗 External references: CRA Departure Tax | ATO Capital Gains for Foreign Residents 👉 Tip: Before moving, review your investment portfolio — […]
Expat Tip 9: Track Your Days In & Out – Why It Matters for Tax Residency
One of the biggest mistakes expats make is thinking citizenship and tax residency are the same thing. They’re not. Example: An Australian citizen living in Singapore may no longer be a tax resident of Australia if they meet the non-residency tests. Example: A Canadian citizen living in Dubai may still be considered a Canadian […]
Expat Tip 8: Expat Retirement Accounts: Avoid Costly Tax Traps
When moving abroad, expats usually focus on income taxes and property — but retirement savings are often the silent tax killer. Different countries treat pensions, superannuation, 401(k)s, and RRSPs in wildly different ways, and ignoring them can leave you double taxed or unable to access your money when you need it. What […]
Expat Tip 4: Declare Your Overseas Rental Property | Felix the TaxFox
Many expats keep their home country property and rent it out while living overseas. That income is still taxable — often in both countries. For example: Failing to report rental income can trigger penalties, even if you pay tax overseas. Luckily, tax treaties usually give you credits so you don’t pay twice. 🔗 […]
Expat Tip 7: Pensions & Retirement Accounts – What Every Expat Should Know
Many expats are surprised to learn that pensions, superannuation, and retirement accounts can be taxable in both your host country and your home country. This often depends on how double tax treaties allocate taxing rights. For example: 📘 Want to avoid getting caught off guard? Check out my Australia Expat Tax Guide […]
Expat Tip 6: Foreign Bank Accounts – What Expats Must Report
If you’re living abroad, chances are you’ve opened a local bank account. Seems simple enough, right? But for expats, foreign accounts come with reporting traps that can lead to hefty fines. 1. It’s Not Just About Interest Even if your overseas account pays little (or no) interest, many tax offices require you to declare […]
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