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Tax Residency for Individuals Web Series 2024 Session 1

Recorded 19 September 2024. Determining residency status

Understand the ATO’s recent ruling on residency issues
Why it is crucial to understand and apply the temporary resident rules
Applying complex rules to common client scenarios

Recorded 19 September 2024

The residency status of an individual is crucial in determining the types of income and gains they will be taxed on and how much tax they pay in Australia. However, determining whether someone is a resident, non-resident or temporary resident can be difficult, especially when clients have ties to two or more countries. 

In the Tax Residency for Individuals Web Series, we look at each of the four residency tests that apply to individuals and clarify how to work through each of the tests in practice. We also consider how double tax agreements might impact on the outcome, including how to approach ‘tie-breaker’ tests. 

We explore some of the recent decisions handed down by the Tribunal and Courts on residency issues and what these decisions mean for our clients.  We also take a look at the key issues identified by the ATO in the recent residency ruling – TR 2023/1.

Total 1.25 CPD Hours

Session 1: Determining residency status

Step-by-step approach to working through each of the 4 residency tests 
Working through double tax agreements and the tie-breaker tests for residency 
Practical issues and common problem areas 
Steps that can be taken by clients to minimise risk, including documents and evidence that can help support the client’s position 
The latest ATO guidance and court decisions and the impact these have on how we approach residency issues

Rae Ni Corraidh

Senior Trainer (Tax), TaxBanter

Rae is a highly experienced tax advisor and trainer, dedicated to helping practitioners navigate complex tax rules and apply them to real-world scenarios. With over 25 years of experience across the tax profession, including senior roles in both Big 4 and mid-tier firms in Australia and internationally, Rae brings deep technical knowledge and practical insights to every session.

She has spent a significant part of her career in tax training and education with our partners at Knowledge Shop, working closely with practitioners to deliver clear, actionable guidance. Rae understands the day-to-day challenges faced by tax professionals and focuses on equipping them with the practical tools and knowledge needed to support their clients with confidence.

Passionate about demystifying tax, Rae excels at translating technical concepts into accessible, usable information, ensuring her participants leave each session better prepared to tackle even the most complex tax issues.