Australian repatriation during COVID is a complex decision. Australians therefore need to consider the many complexities before leaving the United States.
Do I Stay or Do I Go? may be the lyrics from a popular song, but COVID-19 has accelerated many Australians’ plans for repatriation. Flights to Australia and Australian quarantine are certainly top of mind for many, but they are not the considerations.
In the final chapter of our Book Moving to the US for Aussies we discuss a number of complexities facing Australians considering Repatriation. They include Finance, Taxation, reestablishing Australian residency, flights, quarantine and the Australian job market. All need to be considered before any repatriation decision is made.
Most importantly, whether it is due to sick relatives, loss of work, or concerns about child education, what may have been on the back burner, can now be top of mind due to the impact of COVID-19. Others who saw repatriation as a long term goal, may now be formulating a strategy given a worst case scenario. Some simply want to get all of the facts.
The Australian Community has just completed teh largest survey of Australian Ex-Pats who have recently repatriated from New York. You can review all of the data in this article.
Returning to Australia could be a permanent solution to a temporary challenge. Our goal is to aggregate as much information as possible for Australians before they make that decision.
Communication is Key
Livestreams are a great way to ask experts questions on important topics. However, rather than having dozens of folks asking questions live, we gave our members the opportunity (and anonymity) to ask our subject matter experts ahead of time. Their questions have been aggregated with others and assembled in a series of videos, posted to our YouTube channel.
If you are an Australian considering repatriation during COVID 19, the videos below answer some of common questions. More videos are planned, and will be added to our channel, and this article, as they are posted.
The discussions in the videos are not to be construed as Financial, Legal or Tax advice. You should seek the advice of a professional before making any financial decisions.
Financial Considerations for Australians Departing the US.
Tony Kofkin, Founder and Managing Partner of Kofkin Bond and Co. outlines some of his Clients’ repatriation experience.
Airline and Australian Flights Update
We speak with Jamal Shah who is an Air Expert with Liberty Travel. Jamal discusses the challenges many Australians are facing in securing travel, airfare, comparing flights to Australia, quarantine and strategies for booking international travel.
Tax Considerations for Australians Departing the US. VIDEO PENDING
A conversation with tax experts from a US Accounting Firm discuss the tax challenges facing Australians considering repatriation.
The Final Decision.
Making the move back to Australia should be a decision based on logic and not fear. However, given the time constraint of available airline flights, if you are seriously considering returning to Australia in the short term, the window of opportunity is closing.
You are one of the growing number of expats who are simply packing a bag. If you leave without settling financial obligations, you may face an entirely new set of challenges.
The Australian Community’s private Yammer social network gives members access to ethical, professional advice from qualified tax, legal and finance professionals.
Here is the link again to read the largest survey of Australians Repatriating from New York.
About The Australian Community
The Australian Community is a 501(c)(3) Public Charity. Its Mission is to connect Australian living in the United States through social, professional and charitable initiatives.
All contributions are fully tax deductible under Section 170 of the IRS Code. The Australian Community is also qualified to receive tax deductible bequests, devises, transfers or gifts under section 2055, 2106 or 2522 of the Code.