Published on 10 Oct 13
by VICTORIAN DIVISION, THE TAX INSTITUTE
What issues do you need to watch out for when you’ve taken on a new client who has relocated to Australia? How do you treat their offshore investments? Can you improve the tax treatment of their accumulated wealth? This practical case study highlights issues such as:
‘onshoring’ accumulated wealth
loans from offshore (yes, Div 7A can apply)
accruals (CFC) taxation of foreign entities’ income
dealing with offshore retirement savings
maintaining ownership of a foreign business.
This paper also provides participants with valuable tips and traps so they can understand when Australian tax issues are likely to arise for their clients.
Chris is a tax consulting director of GMK Centric (formerly Gaddie Metz Kahn), the accounting and
tax services division of Centric Wealth, and has nearly 20 years’ experience in the chartered
accounting profession. Over that time, he has advised many large corporates and international businesses, as well as privately owned groups, in relation to matters ranging from restructures, mergers and acquisitions to financing and profit distribution strategies. A fellow of the Taxation Institute and regular presenter at its continuing professional development seminars, Chris is a chartered accountant and holds the degrees of Bachelor of Business (majoring in accounting and economics) and Master of Taxation. Current at 10 August 2007
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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