Question
Angelica is a former Australian businesswomen now living in England, who for the current year is not a resident of Australia for taxation purposes. Which
Angelica is a former Australian businesswomen now living in England, who for the current year is not a resident of Australia for taxation purposes. Which of the following amounts would most likely be subject to Australian taxation?
Interest received in England on an account held in an English bank. The fund of money in the account was brought to England from Australia seven years ago. | ||
A fee for advice Angelica was asked to give to a London resident company in relation to a number of tourist resorts they intend to build in Australia. Angelica was able to give the advice without leaving England and had the money paid directly into her English bank account. | ||
A dividend received in England from an American resident company whose only operations that produce profits involve mining and selling minerals in Australia. The main office of the company is based in Brisbane. | ||
Angelica wrote her autobiography during the year and has had an up-front fee of $100,000 paid by the publishers into her English bank account. Angelica entered into the contract in England with a UK resident publisher. | ||
All of the above amounts will be subject to tax in Australia. |
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