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Tax Residency for Individuals Web Series 2024 Session 2

Recorded 26 September 2024. Temporary residency

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 26 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 2: Temporary residency

How to determine whether your client is a temporary resident
The special treatment of NZ citizens living in Australia
Income that is and isn’t taxed in the hands of temporary residents
Understand how the CGT system applies to individuals who are, or have been, a temporary resident
The CGT concessions that are no longer available to temporary residents, and
The special rules for working holiday makers and their employers

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.