Description

A guide to Australian tax law for New Zealand advisers and their clients

Each year, thousands of New Zealanders move back and forth between their country of origin and Australia. No two tax systems are quite so intertwined as Australia and New Zealand so if you have clients who are thinking of coming to Australia, are already in Australia or have spent time in Australia and subsequently returned to New Zealand, the chances are they will have some Australian tax issues.

The purpose of this webinar, updated and refreshed for 2022, is to give New Zealand practitioners an overview of the Australian tax system, discuss how it may apply to New Zealanders and then to focus on some of the common risk areas your clients may fall into.

The webinar will cover:

• Australian residency rules as they apply to New Zealanders, with particular emphasis on the advantages to New Zealanders of Australian temporary residency rules
• General overview of Australian income taxes, capital gains tax (CGT) and goods and services tax (GST)
• Impact of the Australia/NZ Double Tax Agreement on typical client situations
• How the normally CGT-free status of the main residence may no longer apply for New Zealanders departing Australia
• Taxation of New Zealand working holidaymakers in Australia
• Overview of tax rules on investment properties for New Zealanders
• Taxation of New Zealand employment and business income in Australia
• Australian GST obligations for New Zealanders trading over the internet
• Overview of Australian trust taxation rules, including review of how NZ beneficiaries of Australian trusts (including deceased estates) are normally treated
• Capital distributions from NZ trusts to Australian resident beneficiaries

ORIGINAL BROADCAST DATE

13 April 2022

LEARNING OUTCOMES

Participants will gain an understanding of how the Australian tax law can apply to your clients and the common situations they may find themselves in. The knowledge gained can then be taken back to the office to be applied to your present and future clients who find themselves or their families exposed to Australian taxes, either through migration, employment, business or investment.

SUITED TO

The webinar provides an introductory and intermediate level of knowledge ideal for the development of staff within tax agent and accounting practices who act for individual clients and small businesses with direct or indirect exposure to Australian tax laws. This could be through migration, marriage, family ties, business or employment links or investment.

PRESENTER

Mark Chapman, Director of Tax Communications, H&R Block Australia