Foreign Income

Source of income

source of particular types of income?

You will recall from the previous topic that the non-residence only includes in assessable income ordinary and statutory income from sources in Australia. The question as to source of income can get complicated.

Paragraph 21-070 of the CCH Master Tax Guide contains a summary of some relevant factors and you should read it - here is the very briefest guide

Type of Income

Usual source

salary

- where duties performed

profits

- where activities performed

Interest

- where obligation to pay arose

Dividend

- where company profits made

Pensions

- location of pension fund

annuity

- where annuity contract executed

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