Kylie obtained Australian permanent residency since 15 August 2019 and set up the music school which is called NY Music School on 1 September 2019. She is the sole owner and principal of music school located in Sydneys inner city. She hires five musicians to teach school students during weekend.

Kylie still maintains a bank account at the Bank of New York in New York which deposited a total of $500 interest income into her bank account during the year 2020/2021. Bank of New York Paid 15% withholding tax to the US tax authority, Internal Revenue Service.

Advise Kylie on what amounts have to be included in her taxable income for the 2020/2021 tax year.