New ‘Residency’ Test for individuals – 2021 Federal Budget proposals based on Board of Tax’s 2019 Recommendations

Tax Month - July 2021

This article reprises, the 2021 Federal Budget proposal, to implement the Board of Taxation’s recommendations, to restructure the tax ‘residency’ tests for ‘individuals’, as a precursor for the Law Council’s July 2021 submissions, to Government, about the modifications, to the Board’s recommendations, that are needed (see relevant TT article). See below for further detail [Tax…

Changes to residency rules for ‘individuals’ – Law Council’s 5.7.21 submission to Government (modifications to Board of Tax Recommendations)

Tax Month - July 2021

The Law Council of Australia (LCA) made a submission, dated 5 July 2020, to the Assistant Treasurer, about the announcements, in the 2021 Federal Budget, that the Government will move to change the ‘residency’ test, for ‘individuals’, based on the 2019 recommendations from the Board of Tax (see related TT article). The submission suggests various…