Special Tax Topics 2024-25 - Migrating Wealth into Australia

This session considers various scenarios impacted by the current interpretation of section 99B by the ATO. Participants will learn about the key issues for Australians transferring foreign superannuation balances back to Australia, receiving distributions from foreign trusts, inheriting assets from foreign deceased estates, and establishing foreign trusts before resuming Australian tax residency.

• Identify the key considerations for Australians relocating back to Australia and transferring a foreign superannuation balance
• Explain the relevant issues when an Australian tax resident receives a distribution as a beneficiary of a foreign trust
• Discuss the pertinent issues when an Australian tax resident inherits an asset from a foreign deceased estate.
• Outline the critical factors when an Australian establishes a foreign trust prior to resuming tax residency in Australia.

This session forms part of the Special Tax Topics Series. These concise 1.5-hour sessions have been specifically designed for an online platform to ensure training is informative, immersive and even fun.

These sessions will:

• Ensure you get the critical knowledge you need while minimising your time out of the office.
• Assist you in providing proactive tax and superannuation advice and identifying tax planning opportunities early
• Help you avoid any possible traps and pitfalls
• Give you answers to the questions most relevant to you

Our partnership with Thomson Reuters gives you the most up-to-date information, updated regularly and enhanced by our technical specialists.