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Inheriting an international client presentation
Published on 10 Oct 13 by VICTORIAN DIVISION, THE TAX INSTITUTE
What issues do you need to watch out for when you’ve taken on a new client who has relocated to Australia? How do you treat their offshore investments? Can you improve the tax treatment of their accumulated wealth? This practical case study highlights issues such as:
- ‘onshoring’ accumulated wealth
- loans from offshore (yes, Div 7A can apply)
- accruals (CFC) taxation of foreign entities’ income
- dealing with offshore retirement savings
- maintaining ownership of a foreign business.
This presentation also provides participants with valuable tips and traps so they can understand when Australian tax issues are likely to arise for their clients.
Author profile
Chris Wookey CTA-Life
Chris Wookey, CTA (Life) operates his own specialist tax consulting practice after previously having been a principal in the tax consulting division of Deloitte Private in Melbourne. A finalist in The Tax Institute’s Tax Adviser of the Year Awards for 2020 and 2022 and made a life member of The Tax Institute in September 2023, he has over 30 years’ experience in the chartered accounting profession and is a member of The Tax Institute’s national SME Technical Committee and had been its representative on the ATO’s Private
Groups Stewardship Group from 2021 to 2022. Chris was also a member of the Board of Taxation’s Reference Group for its Review of Small Business Tax Concessions. His experience, centred on issues encountered by private groups, includes providing input to Treasury in relation to the proposed targeted amendments to the Div 7A integrity
rules and participating in confidential consultations with the ATO in relation to the 2022 and 2023 developments in relation to section 100A.
- Current at
29 January 2026
This was presented at Vic 1st Annual Tax Forum .
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