Taxation Law: Letter of Advice

Running head: TAXATION LAW
Taxation Law
Name of the Student
Name of the University
Authors Note
Course ID

TAXATION LAW1
Table of Contents
Part A:........................................................................................................................................2
Letter of Advice.........................................................................................................................2
Part B:.........................................................................................................................................6
Net Income of Partnership:....................................................................................................6
Distribution Statement:..........................................................................................................6
References:.................................................................................................................................7

TAXATION LAW2
Part A:
Letter of Advice
To Jack
From: Roma Tax Consultancy
Date: 6th May 2019
Dear Jack
The letter seeks to explain your residential status by taking into account the facts and
details surrounding your residential status for taxation purpose. The letter seeks to refer to the
“Taxation Ruling of IT 2650” and it is associated to the ascertainment of residential status
for taxation purpose that has the permanent place of abode outside Australia (Woellner et al.
2016). According to this ruling an individual is regarded as the Australian resident for
taxation purpose that has the fixed place of residence out of Australia and ceases to be the
Australian resident all through their stay in foreign country.
The term resident under “subsection 6 (1), ITAA 1936” explains that a person is
regarded as Australian if they are having an Australian domicile, except when it is understood
by the taxation commissioner is satisfied that the taxpayer has the fixed dwelling out of
Australia (Barkoczy 2016). It also comprises of those individuals that are physically present
on a continuous basis in Australia for at least six months during the income year only when
the commissioner is content that the taxpayer has permanent dwelling place outside Australia
and does not has the intention of residing in Australia.
The letter also seeks to highlight that to determine your residency status there are
four test that are considered relevant in your case. This includes;