Published on 11 Aug 07
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
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.
Orlando is a director of KPMG. Orlando is a fellow of the Taxation Institute and of the Australian Institute of Chartered Accountants. Orlando is admitted as a Solicitor in the Supreme Court of New South Wales and in Western Australia. Orlando is also a member of the Migration Institute of Australia and is registered with the Migration Agents Registration Authority. Orlando has over the last 20 years advised and assisted many clients in migrating to Australia, identifying business opportunities, setting up appropriate entity structures and implementing effective tax and retirement strategies. Orlando is a State Councillor of the Taxation Institute (West Australian Division) and has presented papers at both State and National level. Current at 09 March 2009
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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