employer\'s New Zealand ornesdet for taxation purposes in his 2ned tin declared
ID: 2524290 • Letter: E
Question
employer's New Zealand ornesdet for taxation purposes in his 2ned tin declared he was an Australian tefa Australia on 1 February 2016 2016 income QUESTIONI The arrangement was for an unspecife Work sthoul'd retaith is A usralian residence for tax purposes despite his absehence tion more than 183 sense of the wo Andy, an be accepted as wAustralian citizen, l wing would most tike QUESTION 4 James is a forme year is not a r a) Andy has retained b) Andy has maintained his domicile in Australia. e) For the 30 June 2016 year Andy has been in Australia for me d) Andy has continued to reside in Australia in the ordinaryth his Australian citizenship a) Inter the full year e Andy has left Australia for an unspecified time. QUESTION 2 operates gold mines in Hong Kong sla and throughout ss voting shares are controlled by inding Kon for Australian XYZ Ltd is a company incorporated in Australia that Exchanges and the majority o hHone Kong. Which of the following reasons would ck most likely be accepted as evidence that XYZ is a a) The company is incorporated in Australia. b) The compao the company's business opeations are cond c) More than 50% of the company's business operation traded on the Australian Stock Exchange. s are cond Australia. ucted d The company is controlled by shareholders who are for tax purposes. e The company is the legal owner of land in Australia. QUESTION3 In relation to the residency of an individual the domicile test in sec 6(1) of the ln a resident of Australia if: come y have a domicile of origin in Australia and have lived overseas for less b) They have a domicile in Australia and do not have a permanent place of abode c) They have a domicile in Australia in addition to a domicile in a foreign than 2 years. overseas country d) They currently live in Australia and have always lived in Australia. e) They have come to live in Australia for the first time and have spent more than 183 days of the current year of income in Australia. Which of the above statements is most correct?Explanation / Answer
Question 1
Answer :- B. Andy has maintained his domicile in Australia
Note:-The first and most important is the reside test: if you live in Australia you are considered to be a resident for tax purposes. The second is the domicile test: if your domicile is in Australia you are considered to be an Australian tax resident, unless the ATO is satisfied that you have a permanent home elsewhere
Question 2.
Answer :- A & C
A.it is incorporated in Australia, or
B.although not incorporated in Australia it carries on business in Australia and has either
Question 3.
Answer :- B
Note :- The person’s domicile is in Australia (unless their permanent place of abode is outside of Australia);
Question -6
Answer-A
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