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100229
Individual Podcasts

International Tax Issues for Australian Residents Going Global

With borders opening up, the world is once again our oyster, and many Australian residents are going global. Whilst this is welcome good news, less welcome are the challenges that can arise when unravelling the tax issues. This practical session will examine Australian taxation ru
PRESENTED BY Michael Butler Tax and Revenue Partner - Finlaysons , Adelaide

About the Podcast

With borders opening up, the world is once again our oyster, and many Australian residents are going global. Whilst this is welcome good news, less welcome are the challenges that can arise when unravelling the tax issues. This practical session will examine Australian taxation rules regarding residence and consider the tax implications of various case studies, including:

  • I am working overseas on a 2-year contract but plan to live and work overseas indefinitely. Surely I don’t have to pay Australian tax? What if I work in a number of different countries? Is this affected by draft Tax Ruling TR 2022/D2 (issued 6 Oct 2022)?
  • My son has a great job in London where he is living with his cousin. Surely he doesn’t have to pay Australian tax? What if he is working in a pub?
  • My daughter and her partner are moving overseas for a number of years. They won’t pay tax if they sell their Australian main residence while they’re away, will they?
  • When I worked in the U.K., I bought a flat in which I lived, then rented to tenants, but am now selling. I won’t have to pay U.K. or Australian tax on the gain, will I?
  • I have just returned to Australia after working in Asia. While I was away, I set up a trust to own a property that has now been sold. Do I have to pay tax if the trust is wound up and cash is distributed to Australia? What if I keep the offshore trust?
  • I am moving to NZ for 3 or 4 years. Do I have to worry about my Australian SMSF?
  • I have just returned to Australia after working in the U.S. Can I access the balance in my 401k plan? Presumably the 401k will be treated like superannuation in Australia?

Presented By

Michael Butler
Tax and Revenue Partner, Finlaysons Adelaide, SA

Michael Butler is a Tax & Revenue Partner at Finlaysons Lawyers in Adelaide.

Michael has spent over 35 years working solely in taxation law – he is a true specialist in his field.  His deep experience in tax law means he can provide advice that considers each client’s unique situation and suggest tax-effective options and solutions to help clients achieve their commercial goals. 

Michael’s expertise at state, federal and international levels includes income tax, capital gains tax, GST, Wine Equalization Tax (WET), fuel tax credits and carbon tax, as well as stamp duty, payroll tax and land tax.  Michael also has extensive experience advising on international taxation matters, including Australian taxpayers investing and carrying on business offshore.

Michael's expertise is acknowledged in Best Lawyers Australia 2022 for Tax Law, Superannuation Law, Trusts & Estates, and Wealth Management/Succession Planning Practices; including as 2022 Lawyer of the Year in Trusts & Estates.

Michael has been also listed in Doyle’s Guide as a Pre-eminent SA Tax Lawyer, with Finlaysons listed as a First Tier SA Tax Law Firm.

CPD Information

0.7 CPD hours

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