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Residency in a global pandemic: Advising the returning Australian

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Published on 01 Sep 20 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

Principles of tax residency can be notoriously difficult to apply in practice, sometimes even in quite simple cases. The recent decision in FCT v Addy demonstrates that. In Addy, the Full Federal Court unanimously reversed the decision of the single bench in relation to whether a taxpayer was a resident according to ordinary concepts and how the 183-day test should apply. During the COVID-19 pandemic, Australians living overseas have returned in droves, often temporarily, without necessarily considering the tax implications. Many are waiting out the pandemic in Australia. What does this mean for their income tax residence and how might practitioners advise on the complex issues that can arise? Given the inherent uncertainty in how tax residency laws apply, even in simple cases, the Commissioner should issue a practice statement clarifying how he would look to apply Australia’s tax residency laws in a global pandemic.

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Matthew Marcarian CTA
Matthew is a Principal at CST Tax Advisors. - Current at 30 September 2020
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