Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ken is a Malaysian born engineer working and living in Brisbane, Australia, since 2015. In 2015, Ken had moved with his family from Malaysia

  

Ken is a Malaysian born engineer working and living in Brisbane, Australia, since 2015. In 2015, Ken had moved with his family from Malaysia with the intention of living in Australia permanently. With that in mind, Ken purchased a house in Brisbane and his children began attending a local primary school. Ken retains a joint bank account with his wife in Malaysia; however, also opened a joint account in Australia the year he arrived. Since moving to Australia, Ken has also invested in a Malaysian company. In July 2020, Ken was engaged in a project off the coast of the United States (US) for a period of three years. Ken was headhunted for this role, due to his specialist engineering skills, with the contract being signed in Australia before departing. The wages from his US role is paid into his jointly held Australian bank account. Since beginning his US role, to have regular visits with his family, Ken's family usually travels overseas, rather than returning to Australia. In which part of the world the family meets up at is decided on an ad hoc basis, although it is often in Malaysia, where his extended family resides. In fact, Ken has visited Australia only once during one of his rostered weeks off. PART A Advise Ken as to whether he is a resident of Australia for tax purposes for the 2020-2021 tax year, by responding to the following question set. Ensure you refer to relevant legislation, case law and tax rulings in your analysis. No calculations are required. Analyse Ken's situation regarding the "domicile test" pursuant to section 6(1) ITAA36. (3 marks)

Step by Step Solution

3.40 Rating (147 Votes )

There are 3 Steps involved in it

Step: 1

An individual is taken into account to be an Australian tax resident if the individual resides in Au... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting A Focus on Ethical Decision Making

Authors: Steve Jackson, Roby Sawyers, Greg Jenkins

5th edition

324663854, 978-0324663853

More Books

Students also viewed these Accounting questions

Question

Solve each system. x + 4y = - 3x + 2y = 17 -9

Answered: 1 week ago

Question

a. What department offers the course?

Answered: 1 week ago