An Australian resident is assessable on income derived from all sources, but a non-resident is generally only assessable on income derived from sources in Australia. Therefore, the question of residence assumes greater importance in determining tax liability and is one area all practitioners need to be across. This session covers areas that practitioners should be familiar with, including:
• The tests for determining Australian residency for income tax purposes
• Taxation rulings, and
• Temporary residency versus Australian resident, and the resulting consequences.
Speaker: Edward Hennebry, Sladen Legal