Make himself non-resident for taxation purposes

Assignment Help Other Subject
Reference no: EM133556133

Tom was born and educated in Australia and works as an engineer. He recently married Mary who is from Italy but is in Rockhampton on a student visa completing a Master of Business Administration Degree from CQ University. She arrived in Rockhampton on 1 May 2021 and will complete her degree in August 2023.

Tom is in charge of the strategic planning operations of his employer. He has been asked to consider working overseas for 24 months in the Dubai office of his employer. He is keen to work in Dubai as the UAE does not impose income tax on salaries. His new role will include travel overseas to Europe and Asia as well as Australia twice a year. Under the arrangement he will be employed by the Hong Kong Office of his employer and his salary will be paid in part into his Dubai bank account and the other part into his Australian bank account. The contract for his new position in Dubai was signed in Melbourne.

Tom advises you that he is currently renting a house in Rockhampton with Mary and will be giving up that lease. He also owns a car which he will be leaving for his cousin to drive and maintain. The only other assets he has are superannuation from his employer and employee shares. He has a bank account with Westpac into which his pay is credited.

Whilst in Dubai he will be given rental accommodation by his employer, he will open a bank account in Dubai to receive his pay, belong to various expatriate and social organizations and he will join a class to learn Arabic.

Mary, however, will be unable to work in Dubai so she intends to return to Italy and work there and visit Tom every 8 weeks in Dubai. Both Tom and Mary leave Australia on 24 August 2023 for Dubai.

1. Is Tom a resident or non-resident of Australia for the year ended 30 June 2024?

2. If Tom is a resident of Australia, what additional steps should he take to make himself a non-resident for taxation purposes?

3. What will be the source of his employment income when he commences work in Dubai?

Reference no: EM133556133

Questions Cloud

Discusses the approach to development-implementation : Discusses the approach to the development, implementation, and assessment of a new 3-year strategic plan for hamilton county ohio.
Canadian dividend paying stock : Choose any Canadian dividend paying stock and provide the current stock price, the yearly dividend, the dividend yield; plus tell me exactly
Preparing your own tax return : Preparing your own tax return for 2022, you have three rental properties showing total rental income of $101,000.00 with $80,000.00 in total expenses
General small business services and tax advice : Grey and Green (GG) provide general small business services, tax advice, auditing and business valuations.
Make himself non-resident for taxation purposes : If Tom is a resident of Australia, what additional steps should he take to make himself a non-resident for taxation purposes?
Shareholders who own shares in both companies : There are no other shareholders who own shares in both Companies. Are Kern Ltd. and Lorne Inc. associated?
Completed their income tax return : How would you handle a client who after you completed their Income tax return, got angry at you because you said they owe $4000 in income taxes
Haul truck driver who left your home terminal in toronto : You are a long haul truck driver who left your home terminal in Toronto last year on November 1s 2022 at 3pm heading to Vancouver
Determine the amounts of ordinary loss and capital loss : Determine the amounts of the ordinary loss and capital loss, if any, that flow through to Freiberg. Prepare a tax memo for the files, explaining your computatio

Reviews

Write a Review

Other Subject Questions & Answers

  Drawing from personal experience

Discuss this assertion. Do you agree or disagree? Explain your reasoning, drawing from personal experience as well as this chapter's discussion

  Codes of conduct and codes of ethics

Explore the need for Codes of Conduct and Codes of Ethics

  Define aggression in your own words

Define the two main categories of aggression discussed in Anderson and Bushman (2002) and indicate which category your two examples fit.

  Product strategies and communication strategies

What are some of the product strategies and communication strategies that GM could use to further enhance the level of perceived differentiation between divisions (Chevrolet, Buick, Cadillac, GMC)?

  Website or article that provides an example of egoism

What would be a video clip, website or article that provides an example of egoism? Explain how it illustrates egoism?

  Difference between defining good as excellence

What is the difference between defining good as excellence and as pleasure? Is happiness produced by excellence or is happiness what is, itself, pursued

  Research proposal on self driving car

Prepare a Research proposal on given Topic. My topic is self driving car. What method wills you use to analyse your readings? How will you interpret the analysis to make your conclusions

  Identify a culture or religious belief within the nation

Examine the origin of the idea for the age of accountability in these nations. You may identify a culture or religious belief within the nation to assist.

  Operations and training to all parts of the world

Terrorist organizations have spread their base of operations and training to all parts of the world.

  Market valuation for mortgage security purposes

The purpose of the assignment is to carry out an inspection and valuation of a residential property - basis for other valuation based units

  What research method and designs are used in this study

What theoretical or conceptual framework was used as the basis for the study? What are the key variables and from which theories do they originate?

  What similarity do you see in terms of media methods

Between the two works of art, what similarities and differences do you see in terms of the media (materials), methods, and subjects? Explain how each work of art is reflective of the movement, yet unique to its region.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd