EV 1051966348639currentnon-binding advice

Residency

Non-binding edited private advice. This is an edited version of private advice the ATO gave to a specific taxpayer about their own circumstances. You cannot rely on it — it is not binding and provides no protection for anyone else (see PS LA 2008/4). Use it as a guide to the ATO’s thinking, not as authority.

1

Are you a resident trust for the specified income years?

2

Yes. As the trustee of the Trust is a company incorporated in Australia you will be a resident trust for the specified income years. This ruling applies for the following periods : Year ending 30 June 20XX Year ending 30 June 20XX The scheme commences on: 1 July 20XX

3

The Trustee of the Trust is Company A. Company A was incorporated in Australia on a specified date. The sole director of Company A is Person A who is an Australian resident for tax purposes. Your business has been conducted remotely from Country A since a specified date. All your business income is paid in Australian dollars and paid into an Australian bank account. You have mostly Australian clients with the exception of one international client that is based in Country B that has a head office located in Australia. You do not have any clients located in Country A.

4

Income Tax Assessment Act 1997 section 995-1