Question
Which of the following tests must a company satisfy to be a resident of Australia for tax purposes? (Select the most appropriate.) 1. Ordinary resident
Which of the following tests must a company satisfy to be a resident of Australia for tax purposes? (Select the most appropriate.)
1. Ordinary resident test
2. Domicile test
3. 183-day test
4. Superannuation test
5. Place of incorporation
6. Central management and control
7. Controlling shareholders
a. | 4, 5, 6 ,or 7 | |
b. | 5, 6, or 7 | |
c. | Any of the above. | |
d. | 5, 6, and 7 only |
Jackson was born in Albania and is a qualified computer programmer. He is married to June and they have three young children. Jackson and his family migrated to Australia on 9 November 2020. Jackson and his family intend to live permanently in Australia. In relation to Jackson's residency of Australia for tax purposes which of the following statements is correct?
a. | Jackson is a resident of Australia under the 183 Day Rule. | |
b. | Jackson is a resident of Australia under the Superfund rule from 1 July 2020. | |
c. | Jackson is a resident of Australia from 1 July 2020 under the Domicile Rule. | |
d. | Jackson will not become a resident of Australia as he must have a domicile of origin in Australia. |
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