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 presentation 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 now operating his own specialist tax consulting practice. Chris was previously a principal in the tax consulting division of Deloitte Private in Melbourne. A finalist in The Tax Institute’s Tax Adviser of the Year Awards for 2020, he has over 30 years’ experience in the chartered accounting profession and is co-chair of The Tax Institute’s SME & Tax Practitioner Technical Committee and a member of the Victorian State Technical Resource Committee. Chris was also a member of the Board of Taxation’s Reference Group for its recently released Review of Small Business Tax Concessions. His experience, centred on issues encountered by private groups and includes advising about applying CGT rollovers to facilitate moving from one entity structure to another.
- Current at
16 August 2021