Outbound Residency: The Opportunities, Risks and Actions for Employees and Investors
Published on 19 Jun 2013
| Took place at WHK/Crowe Horwath, Melbourne, VIC
In recent AAT cases, the ATO has challenged the extent to which taxpayers must sever their ties with Australia, in order to cease being an Australia tax resident. This highlights the difficulty Australian citizens and permanent residents can face in satisfying the burden of proof that they are no longer subject to tax in Australia on their world-wide income and gains. A sound foundation of the tax consequences of ceasing tax residency and the on-going CGT and individual income tax implications is a must for any tax practitioner advising employees and investors going overseas.
- tax residency – when does an individual break Australian tax residency (focusing on permanent residents/Australian citizens)
- taxation implications on employment income for non-residents and residents
- taxation implications on investment income
- capital gains tax considerations
- interaction of double taxation treaties
- considerations on superannuation (certificate of coverage).