Permanently temporary: the curious case of NZ citizens living in Australia

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James Meli

Permanently temporary: the curious case of NZ citizens living in Australia

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Introduction Following on from our recent article about Australia’s temporary resident regime (Temporary residents – Mosaic Tax Legal), we note that although individual’s can generally only be temporary residents for up to four years, New Zealand citizens in Australia on a special category visa (SCV) can effectively be temporary residents on a permanent basis in […]

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International Tax Series: Navigating Australia’s Exit Tax issues

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Introduction Australians are highly mobile, both within our vast country and across international borders. For those contemplating a move overseas, understanding the Australian tax implications is paramount. Two critical questions arise: will you cease to be an Australian tax resident? if so, what are the tax implications of your departure – does Australia’s exit tax

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trust

Testamentary trusts: what are they and why are they so beneficial?

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Introduction A testamentary trust is a trust created under an individual’s will following their death. They may be contrasted with inter vivos trusts, which are ordinary trusts created during the settlor’s lifetime. Testamentary trusts may be: simple (for example, where the legal personal representative is to hold an asset for a minor beneficiary until they

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tax-international

Offshoring your business: mission impossible?

Leave a Comment / International Tax /

Introduction Founders often read about large multinationals paying little to no tax in Australia and think, “Why don’t I just incorporate a company overseas and run the business from here (in Australia)?” Whilst it is possible to successfully “offshore” a business, there are some significant hurdles to clear in order to achieve the desired tax

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Can A Foreign Company Issue Shares or Options Under the Australian ‘start-up’ ESS/ESOP rules?

EMPLOYEE SHARE PLANS ARTICLES /

Traditionally, only the largest corporate groups operated across multiple jurisdictions. However, the combined impact of: globalisation; and the digitalisation of the global economy, has resulted in start-ups and small to medium enterprises (SMEs) operating in around the world. The problem Start-ups and SMEs often use an employee share scheme (ESS) or an employee share option

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What is a trust, how are they taxed, and which one should you choose?

TRUSTS, TRUSTS ARTICLES, Uncategorized /

A trust is a relationship between: the trustee (who holds the legal title to trust assets for the benefit of the beneficiaries); and the beneficiaries (on whose behalf and benefit the trust assets are held). Are there different types of trusts? Yes. There are different types of trusts, for example: discretionary trusts; fixed trusts (including

What is a trust, how are they taxed, and which one should you choose? Read More »