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Go Matilda - Your Gateway to Australia The Go Matilda Forums The Go Matilda Forums The Tax and Money Forum LAFHA and buying a house
The Go Matilda Forums The Go Matilda Forums The Tax and Money Forum LAFHA and buying a house|
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I'm currently in Oz on a 4-year 457 visa. My current package includes a LAFHA. I'm thinking of buying a new property in Oz, so will I loose my LAFHA, or is it possible to side-step this in anyway... legally of course.
Thanks Mick |
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With the LAFHA there has to be an intention to return to your "usual place of abode" ... buying a house undermines that intention, but I believe the risk in a tax context sits with your employer, so I would be up front with the HR department and simply advise them (in writing) that you are buying a property.
Best regards. Alan Collett alan-at-gomatilda-dot-com Registered Migration Agent Number 0102534 Fellow of the Institute of Chartered Accountants in England and Wales Member of the Institute of Chartered Accountants in Australia http://www.gomatilda.com and http://www.collettandco.co.uk Offices in Southampton - England; Melbourne, Perth, Brisbane, and Geelong - Australia |
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Go Matilda - Your Gateway to Australia The Go Matilda Forums The Go Matilda Forums The Tax and Money Forum LAFHA and buying a house
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