In this episode of Behind the Advice Australia, we tackle one of the biggest financial challenges facing Australian expats - repatriation.

Returning home isn't just about booking flights and packing your belongings. Determining residency rules, understanding capital gains tax, managing foreign pensions and assets are a critical part of an Expat’s repatriation that can have serious tax implications if not properly planned.

Our guest on this episode is Tara Buchanan, an experienced Tax Accountant and Managing Director at Worldwide Advisory, who specialises in working with Australian Expats. Tara brings deep insight into the common mistakes expats make when returning to Australia and the proactive steps that you can take for a smoother transition home.

In this episode, we cover:

• When and how the ATO considers you a tax resident again
• Timing strategies around your return date
• How overseas assets, including shares and property are treated upon return
• The concept of "deemed acquisition" and resetting your cost base
• Tax treatment of foreign pensions like 401(k)s, CPFs, and MPFs
• How to re-engage with superannuation once you're back
• Practical timelines and planning tips to make your return smoother and more tax-efficient

This episode is packed with must-know tips. It’s never too soon to start thinking strategically about how a return to Australia can impact your financial position.

To learn more about how Runway Wealth Management can assist you on your Expat journey, be sure to check out our website here: www.runwaywealth.com.