This presentation focusses on some of the important Australian income tax issues that will need to be considered by business executives and other high net worth individuals in relocating either to or from Australia, using practical examples. It also addresses some of the anomalies in the existing tax laws, which may impact inpatriates and expatriates as well as consider some of the more important proposed changes to the relevant international tax provisions. Specific areas that will be addressed include:
- taxation of foreign source income, including the application of the transferor trust, CFC and FIF provisions
- treatment of non-resident superannuation funds
- capital gains tax
- employee share and option arrangements
- proposed reforms including temporary resident exemptions and taxation of non-resident trusts.
- taxation of foreign source income, including the application of the transferor trust, CFC and FIF provisions
- treatment of non-resident superannuation funds
- capital gains tax
- employee share and option arrangements
- proposed reforms including temporary resident exemptions and taxation of non-resident trusts.