Residency and source issues in the age of COVID-19

$165.00

In this webinar Fletch Heinemann, partner in Cooper Grace Ward’s Tax team, will work through the central concepts of ‘residency’ and ‘source’ and how these are affected by the changing circumstances caused by COVID-19.

[Running time: 1 hr 30 mins]

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Description

The ATO has updated its guidance on individuals who are staying in Australia longer than expected because of COVID-19.

We have seen how COVID-19 is changing how people work and limiting how much people travel. In this webinar, tax partner Fletch Heinemann will work through the central concepts of ‘residency’ and ‘source’ and how these are affected by the changing circumstances caused by COVID-19. Fletch will cover:

  • the ATO’s recent guidance
  • whether a person starts to ‘reside’ in Australia because they cannot return to their home overseas because of COVID-19
  • what happens when a person exceeds 183 days in Australia
  • how the exclusion for having a ‘usual place of abode outside Australia’ works
  • when the residency tie-breakers tests in a double tax agreement apply – and when they won’t
  • what happens when a non-resident works from a home in Australia – is a portion of their employment income taxable in Australia
  • how the double tax agreements change the common law concept of source
  • CGT issues to watch out for if a person’s residency status changes because of COVID-19, and then changes back again.

Who will benefit from this webinar?

This webinar is highly recommended for:

  • accountants
  • financial planners
  • other professional advisers who are assisting clients with taxation matters.
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