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Board of Taxation Recommendations on Tax Residency

James Ridley

tax residency

Board of Taxation Recommendations on Tax Residency

Board of Taxation Recommendations on Tax Residency – the Australian Board of Taxation has released their recommendations surrounding the Australian expat tax residency rules. In the report the Board has recommended that the existing rules be reformed as the current tax residency rules do not adequately address the changing employment and lifestyle landscape of the …

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australian expat discretionary trusts

Australian Expats With Trusts To Feel Pain From NSW Land Tax Changes

Australian Expats With Discretionary Trusts To Feel Pain From NSW Land Tax Changes – The NSW government has recently introduced the State Revenue Legislation Further Amendment Bill 2019. This Bill is hugely concerning for Australian expats that own property through discretionary (family) trusts in NSW and will be retrospective in nature. Australian expats who currently pay …

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CGT Main Residence Exemption

Bill Denying CGT Main Residence Exemption Receives Royal Assent

Bill Denying CGT Main Residence Exemption Receives Royal Assent – the battle to defer the proposed bill denying the CGT Main Residence Exemption for Australian expats is now over as the bill received Royal Assent on Thursday the 12th of December. This follows the bill passing the House of Representatives on the 27th of November …

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non-residency Australian expat

ATO Statement Regarding Non-Residency Status of Australian Expat

ATO Statement Regarding Non-Residency Status of Australian Expat – The Australian Taxation Office has released a decision impact statement following the full court decision regarding the non-residency status of an Australian expat. The closely followed case of Harding v Commission of Taxation (2019) FCAFC 29 centered around whether or not the Australian expat was a …

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changes to the main residence exemption

Changes To The Main Residence Exemption Moves Step Closer

Changes To The Main Residence Exemption Move Step Closer – the long awaited and reluctantly anticipated changes to the Main Residence Exemption has moved a step closer today with the House of Representatives passing the bill. Unfortunately the bill, titled the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019,  passed unopposed by …

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Australian Expats With Trusts

How Does The Recent ATO News Affect Australian Expats With Trusts?

How Does The Recent ATO News Affect Australian Expats With Trusts – In the news last week two recent ATO tax determinations may affect Australian expats with Trusts, and specifically around non-resident beneficiaries of these discretionary trusts.   What Is A Discretionary Trust?   Firstly, in order to understand the recent determination lets do a …

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