2010

My Client - The Expatriate

Source: QLD

Published Date: 28 Oct 2010

 
Working offshore or arriving in Australia presents a wealth of planning opportunities. It is a critical time for clients to seek professional advice. The post section 23AG regime is live for the 2010 tax return. A series of changes in key legislation around tax and employee share plans means it is time for a review of any clients who may work offshore or intending to seek overseas employment.

The Australian Taxation Office has also issued a number of important rulings and determinations that will impact the use of Australian Self Managed Superannuation Funds by Australians working or living overseas.

This event covered the following topics:

  • when do you pay foreign tax and when do you pay Australian tax?
  • what are the implications of the 1 July 2009 changes to s.23AG? The loss of the exemption on overseas employment income from Australian tax will affect clients' tax returns for the 2010 year onwards.
  • failure to understand and correctly apply the foreign income tax offset rules will impact on client's tax liabilities
  • how should employers be managing PAYG and FBT for offshore employees in particular the impacts of the recent draft TD
  • when can you use a SMSF if you are living or working overseas?
  • what should inpats and expats be doing with employee share plans?
  • opportunities and pitfalls for inbound individuals getting the benefits of the temporary resident rules.

SMSF's for outbound expats

Author(s): Chris Wyeth CTA

Employee share schemes for inbound and outbound expatriates

Author(s): Anna Law , Tony Halcrow , Jess Phan

Opportunities and pitfalls for inbound individuals

Author(s): Justin Long , Tony Halcrow

Expatriates working offshore - Managing the loss of Section 23AG

Author(s): Stuart Lawless , Trisha Koch

Details

  • Published On:28 Oct 2010
  • Took place at:UQ Downtown, Brisbane

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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2010

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