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	<title>Money magazine Comments - How dual citizenship can leave you stuck with a hefty tax bill</title>
	<description>Martin moved to Australia from the US as a child. At 52 he discovered he should have been paying taxes to the US each year. He's not alone.</description>
	<link>https://www.moneymag.com.au/feed/latest?story=147285248</link>
	<lastBuildDate>Mon, 21 Oct 2019 08:55:26 +1100</lastBuildDate>
	<pubDate>Mon, 21 Oct 2019 08:55:26 +1100</pubDate>
	<language>en-AU</language>
	<copyright>Copyright 2026 Money magazine</copyright>
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		<title>Money magazine Comments - How dual citizenship can leave you stuck with a hefty tax bill</title>
		<url>https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png</url>
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Comment by carmen vella (V&D Constructions Pty Ltd)
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<p><p>thanks for your articale, II hold a US passport and I have been living in AUS for the last 39yrs, my children were born inAUS and hold US Passports.... can you recommend any foreign tax expert here in Sydney that I can go see? Or can I talk to someone from the bank institutions that we have our accounts? I would appreciate your assistiance - it is a confusing area.</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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carmen vella (V&D Constructions Pty Ltd)
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		<pubDate>Mon, 21 Oct 2019 08:55:26 +1100</pubDate>
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		<title>Comment by Sam Di Scerni (Not applicable)</title>
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<p><p>While the overall tax obligation on USA nonresident citizens is clear, the detail is very elusive. I have a query on CGT. My recently deceased father-in-law was a US citizen but lived in Australia for the past 40 years. His estate is relatively small and is mostly located in Australia and left to his Australian based beneficiaries - but he did leave some shares in a US company which he bought just before he left the US. They have appreciated and the executor is trying to transfer the shares to the estates name and then sell them. A CGT obligation arises but WHERE? Surely not in both jurisdictions?</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Sam Di Scerni (Not applicable)</dc:creator>
		<pubDate>Thu, 21 Nov 2019 09:42:04 +1100</pubDate>
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		<title>Comment by Sherryl Sherson ()</title>
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<p><p>Duel citizen, living in Oz over 45 years, with USA birth certificate, retired international pilot. Paying enormous $S to USA.</p>
<p>Do you know what the costs are for renouncing US</p></p><p><a href="">Reply to article</a></p><p>For original story, <a href="">Click Here.</a></p>
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		<dc:creator>Sherryl Sherson ()</dc:creator>
		<pubDate>Sun, 08 Mar 2020 23:11:31 +1100</pubDate>
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