QLD Migration Heritage- Invest and Migrate in Brisbane QLD MIGRATION HERITAGE - Things You Should Know Ab | Page 7

preparation, gas and electricity checks and any emergency work or call outs that are required during
your absence. If your move is likely to be more permanent, and you are looking to buy in your new
location, you will need to choose a reliable agency to act on your behalf if you can’t sell before you go.
Get recommendations from those who have sold in similar circumstances to find an agency that are
communicative and will be able to give you regular updates on progress.
8. Family
If you want to visit your home country on a regular basis to see family, consider the ease and cost of
travel from your new location. How easy would it be to get back in an emergency? If you have a young
family who are relocating with you, you’ll need to look into options for local schooling, nursery and
preschool. What are the options available, costs and how will your children integrate there? If your post
is temporary, consider options for international schools that would match up with the expected levels
upon your return home.
9. Tax treaties
Several countries have bilateral tax treaties in place, to determine the rate at which a non-resident will
be taxed on their income, pension, and dividends when relocating. This also avoids double taxation in
your home nation and abroad. There may be a period of exemption in your host nation. You will be
liable for tax if you stay beyond the exemption time, which could change your finances considerably.
Ensure you find out the conditions of the relevant tax treaty between your home country and where you
are moving. For example, in the UK there are over 100 such treaties with different states. Residents are
required to fill in a P85 form to inform the national tax organization — the HMRC, that they are moving.
Don’t forget to inform the equivalent tax organization in your home nation and find out whether you
will still be required to pay tax contributions in your country of origin. Working overseas may also affect
your state pension, so make sure you clarify your pension status.
10. Researching the location
It’s key to visit a country and the precise location that you are moving to—multiple times if possible
before the move. Use your network and employer to gain insights into what day to day life might be like.
What are the best neighborhoods to live in? What is the daily commute like? How does it compare to
home? What changes can you expect? Look for expat articles for their experiences, and post in relevant
expat forums online if you have unanswered questions. The process of relocating for work can be a
stressful process due to the many factors involved. However, if you do your research, ensuring you
consult fully with your employer, use your network and family, it has the potential to bring exciting
changes, enhance your life knowledge and prove highly valuable for your career.
5.0 The Greatest Challenges of Moving Overseas and How to Resolve
Them.