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Tax Residency for Individuals Web Series

Step-by-step guide to determining someone’s residency status

Understand the ATO’s brand new 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 the Tax Residency for Individuals Web 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 brand new residency ruling – TR 2023/1.

Knowledge Shop members, login for the discounted rate.

Total 2.5 CPD Hours

Details

Recorded: 11 & 18 September 2023

FAAA accredited for a total of 2.5 CPD hours (31355 & 31374)

  • 2.5 Tax (Financial) Advice

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 15 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
1
1.25 CPD hours (est.)

Session 1: Determining residency status

September 11, 2023
  • 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 
2
1.25 CPD hours (est.)

Session 2: Temporary residency

September 18, 2023
  • 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

Tax Director, Knowledge Shop

Michael Carruthers

Michael CarruthersMichael is an adviser, author, in demand presenter, mentor to Knowledge Shop’s technical team, and is well known for his capacity to translate highly technical information into tangible and useable advice for the profession. He has a knack for seeing through the complexity and helping advisers work through highly technical issues with certainty and accuracy.

Michael works with advisers every day to help them negotiate and implement the constant tide of change impacting the industry. He is a member of the advisory panel for the Board of Taxation and is a member of the reference group for the Board’s review of small business concessions.

He was also an expert panel member for the Board’s review of tax impediments facing small business.