New to the Australian tax system Non-Member

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Description

Presented by Joshua Goldsmith.

Tax considerations for new entrants to the Australian tax system

New entrants to the Australian tax system have particular requirements and considerations that can be complex and burdensome. In Australia, they are also faced with a well-equipped, well-prepared tax office that is able to gather comprehensive information on a taxpayer’s overseas affairs. This webinar will discuss a number of considerations for clients who have recently migrated to Australia, covering the following topics:

  • Overview of how to determine the residency of individuals
  •  Income that is assessed in Australia
  • Foreign residents and capital gains tax
  • ATO watch outs regarding foreign income and assets
  • ATO information gathering powers in respect of foreign income – CRS, FATCA, requests for information to taxpayers and exchange of information from the revenue offices of other countries
  • How to prepare your clients who are new entrants to the Australian tax system
  • Case study

 

Recorded on Friday, 18 November 2022.

1 CPD Hour