Foreign 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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related topics | apprentice tax practitioner program | tax law