Tax Residency for Individuals Web Series
Step-by-step guide to determining someone’s residency status
Understand the ATO’s recent ruling on residency issues
Why it is crucial to understand and apply the temporary resident rules
Applying complex rules to common client scenarios
A Live Instructor-Led 2-Part Web Series
The residency status of an individual is crucial in determining the types of income and gains they will be taxed on and how much tax they pay in Australia. However, determining whether someone is a resident, non-resident or temporary resident can be difficult, especially when clients have ties to two or more countries.
In this two-part series we look at each of the four residency tests that apply to individuals and clarify how to work through each of the tests in practice. We also consider how double tax agreements might impact on the outcome, including how to approach ‘tie-breaker’ tests.
We explore some of the recent decisions handed down by the Tribunal and Courts on residency issues and what these decisions mean for our clients. We also take a look at the key issues identified by the ATO in the recent new residency ruling – TR 2023/1.
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AU $395 non-members
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AU $985 non-members
Details
Recorded: 19 & 26 September 2024
Investment
Individual
AU $330 members
AU $395 non-members
Team (up to 10 attendees)
AU $870 members
AU $985 non-members
Login to access discounted member rates or register a team.
Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.
*Office Registrations. Maximum 10 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.
What we cover
The Tax Residency for Individuals Web Series will walk you through:
What's included?
- 2 x 1.25 hour (est.) webinars
- 3 month access to Q&A embedded webinar recording
- Reference notes
Session 1: Determining residency status
- Step-by-step approach to working through each of the 4 residency tests
- Working through double tax agreements and the tie-breaker tests for residency
- Practical issues and common problem areas
- Steps that can be taken by clients to minimise risk, including documents and evidence that can help support the client’s position
- The latest ATO guidance and court decisions and the impact these have on how we approach residency issues
Session 2: Temporary residency
- How to determine whether your client is a temporary resident
- The special treatment of NZ citizens living in Australia
- Income that is and isn’t taxed in the hands of temporary residents
- Understand how the CGT system applies to individuals who are, or have been, a temporary resident
- The CGT concessions that are no longer available to temporary residents, and
- The special rules for working holiday makers and their employers
Our presenter
Rae Ni Corraidh
Rae is an experienced tax advisor and trainer focused on helping practitioners apply complex tax rules to real life scenarios.
She understands the challenges faced by practitioners and brings a wealth of practical experience to the workshop ensure participants walk away with the knowledge and tools they need to help their clients navigate the technical issues they are facing.
Rae holds a Masters in Commerce specialising in tax, and has over 20 years tax experience in professional services firms, ten in Big 4 firms both in Australia and internationally and has held management positions in mid-tier firms.