Aussie Expat Podcast

Welcome to the one hundred and fourteenth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. This episode was recorded before the recent floods in Dubai so it didn't get released in sync and you may notice us referring to a different episode number but as it addresses such an important topic for Australian expats in the United States we wanted to make sure it received some airtime. The US Exit Tax or HEART Tax Act plays a pivotal role when Australian expats living in the United States are either planning a repatriation back to Australia or are considering whether to extend their time in the US as a resident. What a lot of Australian expats living in the US don't realise is that, all depending on how long you've lived in the US and how much your networth is, you maybe hit with a nasty tax bill when it comes to leave the country. In this episode we run through the following topics: • What is the US Exit Tax? • Which expats does it affect? •