Miscellaneous 2007

A new residency test for temporary residents

Source: Western Australia

Published Date: 11 Aug 2007

 

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The new temporary resident rules provide tax advisors with a range of opportunities and challenges. This paper discusses a range of topics including:

  • overview of the 2007 migration programme
  • who is a temporary resident?
  • can you be a temporary resident, if when you enter Australia, you intend to remain here indefinitely?
  • can a spouse’s citizenship status affect your client’s temporary residence status or their right to purchase residential real estate in Australia?
  • what types of income are exempt from tax?
  • what types of capital gains are exempt from tax?
  • how is your client’s ineligibility to Medicare dealt with?
  • when is your client eligible to a ‘departing superannuation payment’?
  • are you liable for professional negligence if you fail to warn your client of the consequences of change of status.

Individual Session

A new residency test for temporary residents

Author(s): Orlando J Fernandes

Details

  • Published By: Orlando J Fernandes
  • Published On:11 Aug 2007
  • Took place at:Abbey Beach Resort, Busselton

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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Miscellaneous 2007

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